Commodities News
Latest commodities news, gold prices, oil market updates and analysis of key global resources
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Brent Crude Pulls Back After 5% Spike as Hormuz Attacks Jolt Oil Market
Brent crude surged above $105 before retreating to $103.63 as tanker attacks near the Strait of Hormuz, U.S.-Iran tensions, and…
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Gold Holds Near $4,112 as 2.91% Real Yields Keep Pressure on Bullion
Gold traded near $4,112 on October 8, struggling to rally despite higher oil prices and geopolitical tension. Rising Treasury yields,…
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Brent-WTI Spread Near $12 as Hormuz Risks Lift Global Oil Prices
Brent held above $101 while WTI slipped below $90 on October 7, leaving the spread near $11.87 as shipping risks…
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Gold Falls to $4,102 as Treasury Yields Hit 24-Year High
Gold slid to a two-month low near $4,102 on October 7 as surging U.S. Treasury yields and a stronger dollar…
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WTI Crude Falls to $87.47 as Saudi Price Cut Reshapes Oil Outlook
WTI crude dropped to a four-week low of $87.47 after Saudi Arabia deepened discounts for Asian buyers and traders reassessed…
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Gold Rebounds to $4,170 as Treasury Yields Ease, but $4,230 Remains the Key Hurdle
Gold recovered sharply from a two-month low after Treasury yields pulled back from multi-decade highs. The bounce improves short-term sentiment,…
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Europe Gas Prices Above €80/MWh Push Utilities Back to Coal
Surging gas costs in Europe are making coal-fired power cheaper than gas again, reversing part of the region’s energy transition.…
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Henry Hub Natural Gas Holds $3 as LNG Feedgas Slips to 17 Bcf/d
Henry Hub natural gas futures steadied near $3.03 after a 6% weekly decline, with softer LNG feedgas and high storage…
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Saudi East-West Pipeline Attack Briefly Halts Flows, Aramco Warns on Oil Supply Risk
Saudi Arabia’s East-West pipeline resumed normal operations after a fresh attack briefly disrupted a pumping station near Khurais. The incident…
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Brent Crude Holds Above $100 as Hormuz Shutdown Keeps Oil Market Split
Brent crude stayed above $100 while WTI slid toward $88, highlighting a widening gap between global seaborne supply risk and…
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Gold Price Rebounds to $4,158, but 5.28% Treasury Yields Keep $4,230 Out of Reach
Gold recovered to $4,158 an ounce after touching a two-month low, but rising long-term Treasury yields and a firmer dollar…
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G7 Oil Reserves Release Targets 100 Million Barrels Amid Diesel Squeeze
G7 countries plan to release 100 million barrels from strategic reserves over four months as diesel and other middle distillate…