Articles by Rebecca Torres
Gold, Oil Volatility Looms After Middle East Military Action
Gold prices surged late Friday following military strikes on Iran, setting up a choppy Monday open as traders brace for safe-haven demand. Oil markets are also on edge with shipments through the Strait of Hormuz suspended.
Silver Surges on Geopolitical Tensions, Eyes on U.S. Jobs Data
Silver prices rallied sharply Friday, climbing 4.8% to $92.60 per ounce amid heightened geopolitical risk following military strikes in the Middle East. Market focus now shifts to upcoming U.S. employment data and global PMI surveys.
ULSD Futures Edge Higher Amid Tight Distillate Inventories, Iran Talks
Heating oil futures gained slightly as market balances tight distillate supplies against potential progress in Iran negotiations. Attention turns to the upcoming OPEC+ meeting and inventory data.
Oil Prices Surge on U.S.-Iran Talks Stalemate, Ignoring Inventory Build
Oil prices climbed sharply Thursday as stalled U.S.-Iran nuclear negotiations fueled supply concerns, with Brent crude rising to $72.02 and WTI gaining to $66.29, despite a significant U.S. inventory build.
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.