Articles by Rebecca Torres
Oil Prices Gain Amid Iran Talks, OPEC+ Supply Pause
Oil prices edged higher Monday, supported by geopolitical tensions ahead of U.S.-Iran talks and a planned OPEC+ production pause. Brent crude rose 0.6% to $68.16, while WTI gained to $63.32.
Lithium Prices Steady as Market Awaits Post-Holiday Direction
Lithium carbonate prices in China remained unchanged at 145,000 yuan per tonne, marking a fourth consecutive session of stability. Market attention shifts to post-holiday trading and upcoming producer earnings for demand signals.
Natural Gas Futures Slide Toward $3 as Warm Weather Forecasts Pressure Market
U.S. natural gas futures dropped sharply Monday, pushing the March contract toward $3 per MMBtu amid mild weather forecasts and a smaller-than-expected storage withdrawal. The United States Natural Gas Fund (UNG) ended Friday at $12.44.
Oil Hovers Near $68 Amid Geopolitical Tensions and OPEC+ Supply Outlook
Brent crude futures edged higher, holding near $68 per barrel as traders monitored U.S.-Iran negotiations and the prospect of OPEC+ increasing output in April. Thin liquidity amplified market sensitivity to geopolitical headlines.
Oil Edges Higher Amid Geopolitical Tensions and OPEC+ Supply Outlook
Oil prices advanced slightly on Monday, with Brent crude approaching $68 per barrel. Market activity was subdued due to U.S. and Asian holidays, while attention turned to upcoming geopolitical talks and producer group meetings.
Gold Retreats Under $5,000 Amid Dollar Strength, Holiday Liquidity Squeeze
Spot gold declined over 1% to $4,976.37 an ounce, slipping below the key $5,000 level. The drop was attributed to a stronger U.S. dollar and significantly reduced trading volumes due to holiday closures in major markets.
Silver Retreats in Holiday-Thinned Trade as Markets Await Fed Minutes
Silver prices declined during a volatile session with limited trading activity due to the U.S. holiday. Market participants are focused on upcoming economic data and Federal Reserve communications.
Exxon Mobil Faces Mixed Signals as Oil Prices Edge Up Ahead of Market Reopening
Exxon Mobil shares closed at $148.45 Friday, down 1%, with markets closed Monday. Oil prices rose slightly as traders eye U.S.-Iran talks and OPEC+ signals, while refinery safety incident and ongoing litigation present company-specific headwinds.
Materials Sector Gains on Inflation Data, Steel Slumps on Tariff Fears
The materials sector advanced Friday as a cooler inflation reading boosted sentiment, though steel and aluminum stocks retreated amid renewed tariff concerns. Copper prices held firm despite a significant build in exchange inventories.
Ucore Rare Metals Lags TSX Rally Ahead of Holiday Pause
Ucore Rare Metals shares edged lower Friday, diverging from a broad commodity-led rally on the TSX. Trading pauses Monday for Family Day and Presidents' Day.
Natural Gas Market Braces for Volatility Amid Conflicting Demand Signals
U.S. natural gas prices ended the week lower despite a Friday gain, as traders weigh strong LNG export demand against forecasts for warmer late-February weather. Market attention turns to storage data and pipeline constraints.