Articles by Rebecca Torres
Brent Crude Holds Below $78 as Hormuz Tensions Ease on Supply Signals
Brent crude hovers near $78 amid U.S.-Iran tensions, but supply recovery and EIA outlook cap gains. Market eyes Hormuz risks and OPEC+ moves.
Iran Oil Waiver Expiry Strands 63 Million Barrels, China Refiners Pause
The end of the U.S. Iran oil waiver leaves 63 million barrels of Iranian crude at sea, with China's refiners halting new purchases. Brent crude jumped 5% as supply risks escalate.
Hecla Mining Lags Silver ETF as Keno Hill Output Falls Short
Hecla Mining shares edged up 0.3% on Monday, underperforming the iShares Silver Trust which rose 1.8%, as Keno Hill production fell below its targeted run rate.
Gold Hovers Near JPMorgan's Q3 Target as Rate Hike Bets Steady
Gold slipped 0.2% to $4,165.21/oz, near JPMorgan's Q3 target of $4,300, as Fed rate hike odds steady at 56%. Platinum shows more upside potential.
Lode Gold's Fremont Mine Faces Valuation Challenges Amid Rosland Bankruptcy
Lode Gold values its Fremont mine at 3.09M ounces of gold worth $12.9B, but Rosland Capital's Chapter 11 filing and a JPMorgan price target cut underscore market headwinds.
Discovery Mining Surges C$648M in Market Cap on First Day Under New Name
Discovery Mining Ltd. (TSE:DSV) shares surged 8.8% on its first trading day under the new name, adding about C$648 million in market value.
Mexican Peso Rises on Soft US Jobs Data; USMCA Auto Talks Loom
Mexican peso strengthened to 17.47 per dollar after weak US payrolls data, but USMCA auto rule negotiations pose future risk.
Gold Surges Past $4,100 on Weak US Jobs Data, Fed Rate Cut Hopes
Gold surged past $4,100 after weaker-than-expected US jobs data and downward revisions to prior months fueled hopes for Federal Reserve rate cuts. Spot gold rose 2.4% to $4,126.97.
Nova Scotia Gas Prices Climb Ahead of Canada Day; Diesel Holds Steady
Nova Scotia gasoline prices increased 3.6 cents per litre this week, while diesel stayed flat. The regulator removed a negative adjustment, lifting gasoline, but diesel remained unchanged.
Hecla Mining's Index Switch and Silver Price Gap: A Detailed Look
Hecla Mining moves into the Russell 1000 Growth index during the June rebalance, while spot silver prices lag significantly behind the company's Q1 realized price.
Hormuz Tanker Imbalance Sparks Oil Glut Fears as Brent Edges Higher
Brent crude rose 0.6% to $72.44 as U.S.-Iran strikes disrupted Hormuz shipping, but a growing tanker imbalance—four ships leaving for every one arriving—raises glut risks and threatens supply restart.