Articles by Rebecca Torres
Gold Steadies Amid Jobs Data Anticipation, Monthly Loss Persists
Gold rose Friday but ended May down over 1%. U.S. jobs data due June 5 will test the outlook as the Fed holds rates steady and physical demand remains weak.
Cameco Rebounds After Restarting Key Mines; Output Forecast Unchanged
Cameco shares rose 7.1% last week after resuming full production at McArthur River and Key Lake. The company left its 2026 output guidance unchanged, supporting investor confidence.
Exxon Warns of $160 Oil as Hormuz Talks Stall, Shareholders Back Texas Move
Exxon Mobil warned crude could spike to $150-$160 a barrel as global inventories near minimums. Shareholders approved moving legal home to Texas.
Brent Crude Tumbles as US-Iran Hormuz Truce Hopes Spur Weekly Rout
Oil prices suffered their biggest weekly loss since April as traders bet on a US-Iran ceasefire to reopen Hormuz. Brent settled at $92.05, with EIA data showing a 3.3 million barrel crude draw.
Glencore Eyes Monday Catalyst as South Africa Greenlights Ferrochrome Power Relief
Glencore shares ended the week nearly unchanged at 567.80 pence, as South Africa approved a temporary discounted power rate for the Glencore-Merafe ferrochrome venture, offering cost relief ahead of Monday's market open.
Crude Drops 4% on Iran Deal Report, Hormuz Reopening Hopes
Oil prices fell about 4% Wednesday after Iranian state TV reported a draft U.S.-Iran deal to reopen the Strait of Hormuz, sending Brent to $95.59 a barrel and WTI to $88.91.
Silver Slips Toward $76 as India Tariffs and Fed Jitters Weigh
Silver slipped 2.3% to $76.27 as India's new import curbs and Fed rate worries dampened demand. The metal remains up 129% year-over-year but well below January highs.
Brent Crude Surges Past $99 on Renewed Iran Tensions
Brent crude rose 3.6% to $99.64 on renewed US-Iran tensions, while WTI fell 3.7% to $93.09. The Strait of Hormuz remains partially closed, keeping supply risks elevated.
Strathcona Slumps 5% as TSX Hits Record; Energy Stocks Drag
Strathcona Resources fell 5.1% as crude tumbled on U.S.-Iran talks. TSX hit a record, but energy stocks lagged.
Scandium Canada Surges 17% as Quebec Critical Mineral Play Gains Momentum
Scandium Canada Ltd. shares jumped 16.7% to C$0.175 on thin holiday volume, as investors eye upcoming alloy qualifications, a pre-feasibility study, and drilling results.
Cameco Shares Gain on TSX Amid US Holiday, Uranium Outlook Steady
Cameco shares rose C$2.33 to C$146.96 on the TSX Monday, while US trading paused. The company posted Q1 net earnings of C$131 million and reaffirmed its 2026 uranium production forecast.