Articles by Rebecca Torres
Oil Rally Faces Data Test: Delayed EIA Report, $101 Brent, and Shrinking SPR
Brent crude settles above $101, EIA report delayed to Thursday. SPR at 286.6 million barrels, commercial stocks draw. Traders eye data for confirmation of tightness.
Cattle Futures Retreat After Rally, Clouding Rebound Prospects
Cattle futures pulled back Wednesday after a sharp rally, raising doubts about a durable rebound. USDA data point to tighter supplies ahead, but demand and imports may limit gains.
Dollar's Modest Gain Masks Yen Strength as Oil Tops $101
The dollar index edged up just 0.1% even as Brent crude topped $101 and 10-year yields approached 4.85%. Yen strength and BOJ hike bets are capping USD/JPY gains.
Gasoline Prices Surge 7.3 Cents as Brent Crosses $100
AAA's national average for regular gasoline rose 7.31 cents to $4.2245 a gallon, as Brent crude climbed back above $100. The jump adds pressure on consumers and the Fed ahead of its rate decision.
Silver Steadies Above $66 as Traders Await Key Inflation Data
Silver remains above $66 as SLV dips 0.8%. Traders focus on PPI, CPI, and Fed decision for direction amid tight physical market.
Oil Surges Past $99 After Saudi Attacks; Dow Futures Slide
Brent crude surged past $99 following attacks on Saudi energy facilities, while Dow futures dropped 390 points as investors weigh supply risks and inflation implications.
Gold Rebounds Above $4,430 as Dollar Slips, But Fed Rate Hike Odds Cap Gains
Gold rebounds to $4,429.89 as the dollar slips, but Fed rate hike odds near 60% and narrow trading range suggest the move is currency-driven, not a safe-haven shift.
Japan's FX Reserves Plunge $79.6B, Yen Hits 153.51
Japan's official reserves dropped $79.6B in August to $1.2075T, with foreign-currency securities down $87.8B. Yen strengthened past 154 as intervention and BOJ expectations converge.
Copper's Record Price Masks 131K-Ton Supply Glut
Copper prices reached a new all-time high of $14,533 per metric ton, yet a 131,000-ton surplus complicates the rally. Regional shortages and tariff uncertainty are key drivers.
Peso Dips on Thin Holiday Trading; Budget Awaited
The Mexican peso slipped 0.15% against the dollar on Monday, but thin holiday trading limits significance. All eyes turn to Mexico's 2027 budget and inflation data.