Articles by Rebecca Torres
Brent Crude Breaches $109 as Strait of Hormuz Tensions Fuel Weekly Gains
Brent crude ended the week at $109.26, WTI at $105.42, both up over 7%. Ongoing Strait of Hormuz disruptions and a 250 million barrel drop in global inventories have traders focused on next week's U.S.-Iran talks and inventory data.
Natural Gas Futures Hit Seven-Week High on Output Drop and Early Heat
U.S. natural gas futures rose 3% to a seven-week high of $2.96/mmBtu on Friday, driven by lower output and forecasts of early-summer heat.
Brent Oil Nears $109 as Strait of Hormuz Tensions Persist
Brent crude climbed to near $109 a barrel as U.S.-Iran tensions kept the Strait of Hormuz largely closed, with only 30 vessels crossing daily. Falling U.S. inventories and Ukrainian refinery strikes added to supply concerns.
Mobix Labs Shares Surge 79% on Rare Earth Deal and Note Amendment
Mobix Labs shares soared 79% after announcing a non-binding deal to acquire Special Project Delivery and securing $833,000 via a note amendment.
Silver Tumbles Below $80 as Oil Rally Fuels Dollar Strength
Silver slid below $80 on Friday, dropping 5.9% to $78.53 as oil's rally drove up the dollar and yields, eroding support for non-yielding metals.
Exxon Edges Higher as Oil Stays Above $100 Amid Inflation Jitters
Exxon Mobil rose 0.4% as oil stayed above $100, but Chevron and ConocoPhillips slipped on inflation and rate hike fears. The Energy Select Sector SPDR Fund edged down 0.1%.
Gold Extends Decline as Hot US Inflation Strengthens Rate-Hike Bets
Gold fell 0.6% to $4,686.99 as hot US inflation data bolstered bets on higher interest rates, while India's tariff hike sent local gold futures up 7.2%.
Copper Surges Past $14,000 on Supply Tightness and AI Demand
Copper prices on the LME surged past $14,000 a ton, approaching January's record, driven by supply concerns and AI/data center demand.
Crude Edges Down as Market Weighs Hormuz Risks Against Demand Concerns
Brent crude fell 0.2% to $107.58 and WTI dropped 0.4% to $101.79 after a three-day rally, as traders weighed Middle East ceasefire talks and the Trump-Xi meeting.
Gold Slips Below $4,700 as Dollar Strengthens and Inflation Data Surprises
Gold retreated from a three-week high, dropping 0.8% to $4,696.07, as a firming dollar and higher US inflation weighed on bullion demand.