Articles by Rebecca Torres
Oil Prices Retreat as IEA Trims Demand Outlook, Inventories Swell
Brent crude prices declined sharply following a reduced demand-growth projection from the IEA and a larger-than-expected build in U.S. crude inventories. Traders are now watching OPEC+ policy moves.
Silver Plunges 9% Ahead of Key Inflation Data
Silver prices dropped sharply on Thursday, with spot metal falling 9.4% as markets positioned for upcoming U.S. inflation data that could influence Federal Reserve policy.
Exxon Mobil Shares Decline on Ex-Dividend Date Amid Weaker Oil Price Outlook
Exxon Mobil stock fell 0.8% to $154.31 as it traded ex-dividend for a $1.03 quarterly payout, while Brent crude dropped 0.6% following an IEA demand forecast cut and larger-than-expected U.S. inventory build.
NovaGold Shares Retreat After Sharp Rally as Donlin Feasibility Study Progresses
NovaGold Resources shares declined 1.4% in premarket trading following a 12.7% surge, with investor attention fixed on the Donlin Gold feasibility study and recent capital raises.
Glencore Gains on Potential $9B Congo Stake Sale to U.S.-Led Group
Glencore shares advanced as a U.S.-backed consortium discusses acquiring a 40% stake in its Congo copper and cobalt assets, valued around $9 billion. Investors await full-year results next week.
Oil Prices Surge Toward $70 Amid Iran Tensions, Overshadowing Large U.S. Inventory Build
Brent crude futures rallied nearly 2% to $70.02 a barrel as geopolitical risks from U.S.-Iran tensions outweighed a significant 8.5 million barrel increase in U.S. crude stocks. Traders await key reports from the IEA and OPEC+ discussions.
Distillate Drawdown Fuels Heating Oil Rally Amid Crude Inventory Surge
Heating oil futures surged 2.6% as EIA data revealed a sharp 2.7 million barrel decline in distillate stocks, tightening diesel supplies despite a large crude inventory build.
Gold Retreats from Session Highs as Strong Jobs Data Tempers Rate Cut Expectations
Gold prices pared earlier gains Wednesday after a robust U.S. employment report reduced the likelihood of an imminent Federal Reserve interest rate cut. Silver posted a stronger rebound, climbing over 3%.
Gold Retreats Below $5,100 as Traders Await U.S. Economic Data
Gold prices declined on Tuesday, with spot metal falling 1% to $5,014 per ounce, as investors reduced positions ahead of key U.S. employment and inflation reports. Silver dropped more than 3%.
Silver Retreats 3% Ahead of Key U.S. Economic Data, Supply Deficit Looms
Spot silver fell over 3% Tuesday as traders brace for upcoming U.S. jobs and inflation reports. The Silver Institute forecasts a sixth consecutive annual supply deficit for 2026.
Exxon Retreats from 52-Week Peak as Oil Prices Stabilize Ahead of Key Data
Exxon Mobil shares pulled back 0.5% after reaching a fresh 52-week high, with oil prices steady as traders await U.S. inventory figures and economic reports. The energy sector remains sensitive to geopolitical tensions and demand outlook.