Articles by Rebecca Torres
Oil Surges on Iran Talks, Eyes on OPEC+ Meeting and Inventories
Oil prices rallied Thursday, with Brent crude rising $1.17 to $72.02 and WTI gaining 87 cents to $66.29, driven by geopolitical tensions and anticipation of the upcoming OPEC+ meeting.
Brent Crude Surges Amid U.S.-Iran Talks, OPEC+ Meeting Looms
Brent crude futures rallied over 1.7% to surpass $72 per barrel, shrugging off a significant U.S. inventory build as geopolitical tensions from U.S.-Iran talks dominated trader focus. The OPEC+ alliance is set to meet March 1 to discuss April production levels.
Gold Holds Steady Amid Geopolitical Caution, Silver Slumps
Gold prices showed minimal movement Thursday, with spot gold edging slightly higher to $5,168.80 per ounce as traders remained cautious ahead of U.S.-Iran nuclear discussions. Silver fell sharply, losing 2.4%.
Gold Surges Past $5,000 on Tariff, Inflation Data
Gold prices rallied sharply Friday, with spot gold rising 1.5% to $5,071.48, propelled by renewed tariff announcements and persistent inflation concerns. The move follows disappointing Q4 GDP data.
Silver Surges 5.8% to $82.92 on Growth Fears, Tariff News
Silver closed at $82.92 an ounce, gaining 5.8% amid soft economic data and fresh trade policy moves. The metal's volatility highlights its dual role as both an industrial commodity and a macro hedge.
Gasoline Futures Rally on Tight Supply, Pump Prices Poised to Climb
U.S. gasoline futures held a significant weekly gain near $2.01 a gallon, supported by a substantial inventory draw and rising demand. The national average pump price sits at $2.92, with refiners Valero and Phillips 66 seeing share gains.
Distillate Supply Squeeze Supports Heating Oil Despite Daily Dip
U.S. heating oil futures declined 0.8% to $2.59 a gallon Friday, pausing after a rally fueled by a significant weekly drawdown in distillate stockpiles. Inventories fell 4.6 million barrels to 120.1 million, roughly 5% under the five-year average.
Oil Holds Near Six-Month Highs Amid Iran Tensions, Supply Draws
Oil prices remained near six-month highs despite a slight Friday pullback, supported by geopolitical tensions and a sharp drop in U.S. crude inventories. Brent and WTI posted weekly gains of roughly 5.3%.
Silver Surges Past $82 on Tariff Ruling and Economic Data
Silver prices rallied sharply on Friday, climbing above $82 per ounce as markets reacted to a major Supreme Court tariff ruling and disappointing economic growth figures.
Natural Gas Futures Surge 5% on Weather, LNG Startup Outlook
U.S. natural gas futures climbed nearly 5% Friday, rebounding from recent lows as a cold snap and expectations for new LNG export demand from the Golden Pass project supported prices.
Gold Surges Past $5,000 on Rate Cut Hopes, Tariff Ruling
Gold prices climbed above $5,000 an ounce Friday, driven by disappointing U.S. economic growth figures and a Supreme Court decision striking down former tariffs. The move reflects shifting expectations for Federal Reserve policy.
