Commodities News
Latest commodities news, gold prices, oil market updates and analysis of key global resources
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WTI Crude Falls Below $80 as Strait of Hormuz Reopening Erases War Premium
WTI crude dropped below $80 and Brent slid toward $83 after the Strait of Hormuz was set to reopen under…
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Gold Jumps 3% to $4,347 as Falling Yields Offset Truce Effect
Gold climbed above $4,300 and touched $4,347.54 after lower oil prices pushed Treasury yields and the U.S. dollar down. Investors…
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US-Iran Agreement Sends WTI Crude Down 5.5% as Stocks Rally
WTI crude fell to about $80 after the US and Iran confirmed plans to sign a memorandum of understanding later…
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Strait of Hormuz LNG Transit Resumes as Petronet Tanker Heads to India
An LNG tanker chartered by Petronet has crossed the Strait of Hormuz after months of delay, signaling a potential easing…
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Natural Gas Holds Near $3.15 After 108 Bcf Storage Build
U.S. natural gas futures hovered around $3.15 per MMBtu after a larger-than-expected 108 Bcf storage injection offset bullish late-June heat…
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WTI Crude Falls Below $86 as Iran Deal Hopes Unwind War Premium
WTI crude dropped to a two-month low below $86 as traders priced in a possible Iran agreement and a reopening…
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Gold Falls to $4,185 as Fed Rate-Hike Fears Eclipse Iran Truce Hopes
Gold headed for a second straight weekly loss near $4,185 an ounce as hotter inflation signals and rising odds of…
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Henry Hub Natural Gas Falls to $3.13 as Storage Surplus Caps Heat Rally
Henry Hub natural gas retreated to $3.13 per MMBtu after reaching a 16-week high, as ample inventories and weaker LNG…
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WTI Crude Holds Near $90 as Hormuz Closure Fails to Trigger a New Oil Spike
WTI crude traded near $90.68 and Brent near $93.56 even after Iran declared the Strait of Hormuz closed. Record U.S.…
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Gold Holds Near $4,080 as 4.2% Inflation and Iran Risk Pull Prices in Opposite Directions
Gold steadied near $4,080 after sliding to $4,053, with hot inflation data lifting rate-hike expectations even as Middle East tensions…
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Henry Hub Natural Gas Holds Near $3.20 as Heat Meets Storage Surplus
Henry Hub natural gas futures eased back toward $3.20 per MMBtu after reaching a 16-week high, as stronger cooling demand…
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WTI Oil Nears $90 After 7.2 Million-Barrel U.S. Crude Draw
WTI crude rebounded toward $90 after U.S. inventories posted a much larger draw than expected. The move highlights a market…