Commodities News
Latest commodities news, gold prices, oil market updates and analysis of key global resources
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Brent Crude Near $95 as Strait of Hormuz Risk Keeps Oil Volatile
Brent crude hovered near $95 and WTI near $91 on June 2 as renewed Strait of Hormuz tensions drove another…
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Gold Price Holds $4,454 Support as Fed Outlook and Iran Risk Collide
Gold is consolidating near a critical $4,454 support zone as investors weigh geopolitical risk against a tougher U.S. rate outlook.…
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WTI Crude Tops $90 as US-Iran Standoff Keeps Europe Markets on Edge
WTI crude climbed to $90.55 on June 1 as stalled US-Iran negotiations kept pressure on energy markets, while European stocks…
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Strait of Hormuz Passage for Japan Ships Eases as Iran Signals Limited Opening
Iran said it is prepared to make passage through the Strait of Hormuz easier for Japanese ships, a potentially important…
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Henry Hub Natural Gas Holds Above $3 as LNG Demand Tests Record U.S. Supply
Henry Hub natural gas futures entered June near $3.30 per MMBtu after a 19% May rally. Record LNG feedgas demand…
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WTI Crude Jumps Above $94 as Iran Talks Stall and Hormuz Risk Returns
WTI crude climbed above $94 and Brent approached $97 after Iran suspended message exchanges with Washington, reviving fears over prolonged…
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Gold Price Forecast: XAU/USD Pressures $4,500 as Dollar and Yields Rise
Gold has fallen toward $4,500 even as Middle East tensions intensify, underscoring how a stronger U.S. dollar and firmer Treasury…
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Henry Hub Natural Gas Nears $3.30 After 92 Bcf Storage Build Miss
Henry Hub natural gas futures climbed toward $3.30/MMBtu after a lighter-than-expected 92 bcf storage injection tightened the near-term outlook. Investors…
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Brent Crude Slides to $92 as Ceasefire Hopes Unwind War Premium
Brent crude fell to about $92.56 and WTI hovered near $87 at the end of May as traders priced in…
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S&P 500 Holds Near Record as Oil Falls and NetApp Jumps 18%
U.S. stocks approached month-end at record levels as easing oil prices offset inflation and rate concerns. NetApp surged 18% after…