Commodities News
Latest commodities news, gold prices, oil market updates and analysis of key global resources
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Henry Hub Natural Gas Falls to $2.90 as Freeport Outage and Storage Surplus Weigh on Prices
Henry Hub natural gas futures slid to a two-month low of $2.90 per MMBtu as cooler forecasts, Freeport LNG maintenance,…
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Trump’s 20% Hormuz Shipping Toll Jolts Oil and Gold Markets
Donald Trump announced a renewed Iran blockade and a 20% toll on cargo moving through the Strait of Hormuz, triggering…
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Gold Price Falls to $4,074 as Treasury Yields Eclipse Iran Haven Bid
Gold slipped to $4,074.59 even as tensions around Iran and the Strait of Hormuz escalated. Rising Treasury yields and a…
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WTI Crude Oil Stalls Near $75 as Hormuz Risk Meets Oversupply
WTI crude oil jumped to $74.61 after fresh tensions around the Strait of Hormuz, but the rally lost momentum as…
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Strait of Hormuz Traffic Slumps as Iran-US Tensions Hit Oil Routes
Commercial vessel traffic through the Strait of Hormuz fell to roughly six ships on July 12, signaling a sharp disruption…
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U.S. Agricultural Production Value 2024: California Leads at $67.4 Billion
California remained the largest U.S. agricultural producer in 2024 with $67.4 billion in output, while the Midwest collectively accounted for…
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Natural Gas Falls to $3.01 as Storage Glut Pressures Summer Rally
U.S. natural gas futures slid to a six-week low near $3.01 per MMBtu after a sharp selloff driven by weak…
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Gold Price Tests $4,094 as Fed Outlook and Iran Risk Pull XAU/USD in Opposite Directions
Gold price hovered near $4,098 after testing $4,094, leaving XAU/USD about 27% below its January 29 peak of $5,602. Investors…
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WTI Crude Slips Below $72 as Hormuz Risks Clash With Rising Supply
WTI crude fell below $72 while Brent traded near $76.80, as a fading geopolitical premium collided with returning Iranian barrels…
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Natural Gas Prices Stall Near $3.20 Despite 100°F Heatwave
U.S. natural gas is struggling to rally even as extreme heat boosts power demand. Record production, strong storage injections and…