Commodities News
Latest commodities news, gold prices, oil market updates and analysis of key global resources
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Gold Price Tops $4,424 After July CPI Cools September Fed Hike Bets
Gold climbed above $4,424 after July inflation data met forecasts and reduced expectations of a September Federal Reserve rate increase.…
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Henry Hub Natural Gas Holds Near $2.77 as 195 Bcf Storage Surplus Pressures EIA Outlook
Henry Hub natural gas futures hovered near $2.77/MMBtu as U.S. storage climbed 195 Bcf above the five-year average. Investors are…
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WTI Clears $83 as Strait of Hormuz Risk Lifts Oil Before EIA Outlook
WTI crude rose above $83 and Brent neared $89 as supply fears tied to the Strait of Hormuz intensified. A…
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Gold Price Holds Near $4,382 Ahead of July CPI and Fed Rate Test
Gold hovered near $4,382 after failing to hold above $4,400, with investors focused on July CPI and shifting Federal Reserve…
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Strait of Hormuz Standoff Deepens as Iran Hardens Terms and Oil Edges Higher
Iran has reinforced its conditions for reopening the Strait of Hormuz while elevating a former IRGC commander to a top…
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Henry Hub Natural Gas Rallies 5%, but 94% LNG Utilization Caps the Upside
Henry Hub natural gas climbed nearly 5% as hotter weather and short-covering lifted September futures toward $3.00/MMBtu. But with U.S.…
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OPEC+ Output Drop of 9.64 Million Bpd Keeps Oil Market Focused on Hormuz
Oil prices are being driven less by normal supply-demand balances than by whether the Strait of Hormuz reopens. With 9.64…
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Gold Prices Slip as Dollar Firms Ahead of July CPI Test
Gold eased back toward $4,329 as Treasury yields and the dollar firmed, putting the focus on July CPI and the…
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Lake Mead Falls to Record Low as Western Drought Deepens
Lake Mead has dropped to its lowest recorded level, underscoring mounting pressure on water supplies, hydropower and growth across the…
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Bulgarian Gas Pipeline Scare After Drone Explodes 1,000 Meters Away
A drone identified by Bulgarian officials as a type used by Ukraine exploded near a key compressor station on the…
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Henry Hub Natural Gas Slides Below $2.70 as 110.6 Bcf/d Supply Overwhelms Market
Henry Hub natural gas remains under pressure after a larger-than-expected storage build and persistent record production. The market is struggling…
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Brent Crude Rebounds Above $83 as Hormuz Draft Terms Revive Risk Premium
Oil prices climbed after stricter-than-expected Strait of Hormuz draft terms undermined hopes for a quick reopening. Brent rose to $83.40…