#commodities
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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…
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Gold Jumps Above $4,300 After July Payrolls Miss, Central Banks Add 289 Tonnes
Gold surged past $4,300 after the July U.S. jobs report showed a surprise payroll decline and deep prior-month revisions. The…
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Natural Gas Slides Below $2.66 as Storage Build, Record Output Pressure Prices
U.S. natural gas futures fell toward $2.64 per MMBtu after a larger-than-expected 33 Bcf storage injection and production near 111…
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WTI at $74.69, Brent at $79.08 as Oil Erases July War Premium
Crude prices swung sharply but returned to levels last seen around the June 17 interim peace agreement. Investors now face…
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Gold Prices Top $4,300 as Rate-Hike Odds Retreat
Gold climbed above $4,300 for the first time in seven weeks after its biggest daily gain since February. The move…