Articles by Rebecca Torres
Houthi Island Seizures Add Red Sea Risk as Brent Holds Above $101
Houthi seizure of two Red Sea islands near Bab al-Mandeb adds to oil route risks. Brent holds above $101 as traders assess potential supply disruptions.
Strategic Oil Reserve at 44-Year Low as Exchange Deliveries Continue
The US Strategic Petroleum Reserve fell to 285.36 million barrels, the lowest since 1982, as emergency exchange deliveries continue. Oil prices remain above $100 per barrel.
Saudi Pipeline Outage Could Last Five Weeks, Brent Holds Above $106
Saudi Arabia's East-West pipeline may remain out of service for up to five weeks, turning a precautionary shutdown into a dated supply risk. Brent crude holds above $106 a barrel.
Silver Prices Dip 2% as CME Launches 24/7 Trading for 100-Ounce Futures
Silver fell 2% to $63.72 as CME's 100-ounce futures contract launched 24/7 trading, introducing new liquidity dynamics while macro pressures weigh on the metal.
Trade Deal Signals vs. Tariff Reality: Canada Talks Remain Stalled
President Trump hints at a US-Canada trade deal, but formal talks remain suspended and tariffs are set to expand. Markets show little optimism as USD/CAD dips.
South Carolina Gas Prices Surge 38.7% Year-Over-Year, Squeezing Household Budgets
South Carolina's average gas price reached $3.9243 a gallon, up 38.7% year-over-year, adding $16.42 to a 15-gallon fill-up. Wholesale RBOB futures suggest a possible pause in the climb.
Trump Urges Ukraine to Stop Strikes on Russian Refineries, Diesel Shortage Persists
President Trump urges Ukraine to stop striking Russian refineries, citing global diesel shortage. IEA data shows a 1.6 million bpd supply gap persists.
EGA Expands European Scrap Reach with Eco Green Acquisition
EGA's acquisition of Eco Green adds a 70,000-tonne European scrap network, strengthening its recycling platform and competitive position in low-carbon aluminum.
Hormuz Strike and Saudi Pipeline Halt Test Oil Market Resilience
Fresh attacks near the Strait of Hormuz and a Saudi pipeline closure intensify pressure on oil routes, even as no supply loss is confirmed.
BOJ Rate Hike Expected, But Yen's Fate Hangs on Ueda's Next Move
The Bank of Japan is set to raise rates to 1.25%, but the yen's direction depends on Governor Ueda's hints about further tightening. USD/JPY has already fallen 1.7% this week.
Gold Climbs Toward $4,400 as Inflation Data Bolsters Rate Hike Odds
Gold recovered toward $4,400 on Friday despite a hot inflation report that increased odds of a Fed rate hike. The metal's resilience suggests safe-haven demand remains strong ahead of the Fed's September meeting.
Saudi Pipeline Closure Heightens Oil Supply Worries
Saudi Arabia's East-West pipeline shutdown after attacks threatens oil supply, with Brent at $104.61. Investors await restart details.