Articles by Rebecca Torres
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%.
B2Gold Gains in Premarket as Gold Rallies Ahead of U.S. Employment Report
B2Gold shares advanced 3.4% to $5.62 in premarket activity Wednesday, moving in tandem with a rally in gold prices. Market focus is on upcoming U.S. payrolls data and the company's financial results due next week.
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.
Chevron Shares Dip as Tengiz Output Recovers, Geopolitical Tensions Linger
Chevron shares edged lower as the Tengiz oilfield, a major global supply source, recovered to 60% of peak output following January disruptions. Oil prices remained steady amid geopolitical uncertainty.
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.
Gold Retreats as Dollar Firms, Equities Rise; Traders Eye U.S. Jobs, Inflation Data
Gold prices declined on Tuesday, pressured by a stronger U.S. dollar and improved risk sentiment in equity markets. Market focus now shifts to upcoming U.S. employment and consumer price reports for clues on the Federal Reserve's interest rate path.
Natural Gas Futures Extend Slide on Warm Weather, Williams Gains on Upbeat Outlook
U.S. natural gas futures fell for a second session as mild forecasts dampened demand. Williams Companies shares climbed after the pipeline operator raised its 2026 profit forecast and dividend.