Commodities News
Commodity market news including oil prices, gold, silver, natural gas, and agricultural futures. Track supply, demand, and geopolitical price drivers.
Gold Outperforms Silver as Investors Await Key CPI Data
Gold and silver rose on Monday, but gold held closer to its session high than silver. Investors await Tuesday's CPI report for clues on Fed policy.
Gold Surpasses $4,000 as Central Bank Buying and Fiscal Worries Fuel Rally
Gold surged past $4,000 an ounce on Wednesday, fueled by a weaker dollar and fiscal worries, while a new report shows central bank buying remains robust.
Oil Prices Slide Despite Sharp Drop in U.S. Distillate Inventories
Oil prices fell Wednesday despite a U.S. inventory report showing a sharp draw in distillate supplies. WTI dropped $2.19 to $93.90, while distillate stocks fell 3.6 million barrels.
UK Diesel Hits Fresh Peak at 199.18p, Nearing £2 Mark
UK diesel prices reached a new record high of 199.18p per litre, just below the £2 mark, as supply concerns and refinery closures push costs up.
Australian Fuel Prices Surge: Diesel Up A$9.45 Per Fill
Australian diesel prices surged A$9.45 per 50-litre fill in a week, hitting 286.8c/L. Qantas (ASX:QAN) faces A$3.6B fuel bill. Petrol also rose 6%.
Oil's War Premium Fades, Gasoline Surges 2.1%
Oil prices slipped below $100 as Saudi Arabia restarted a key pipeline, but gasoline futures jumped 2.1%. Distillate inventories remain tight, keeping fuel prices elevated.
EIB Eyes Canadian Critical Minerals, Yet No Deals Funded
The EIB is exploring Canadian critical-minerals financing, but no deals have been funded. Nouveau Monde Graphite's Bécancour plant decision looms.
Resolute Mining Shares Slide 8.3% on Syama Output Cut, Margin Squeeze
Resolute Mining shares dropped 8.3% to A$1.242 after cutting 2026 gold production guidance by 18.1% due to Syama operational issues. Higher costs and reduced output narrow the gold-price buffer.
Ramelius Shares Surge 7.5% on Raised FY30 Gold Production Target
Ramelius Resources (ASX:RMS) jumped 7.5% after raising its FY30 gold output target to 560,000-610,000 ounces, with growth capex planned at A$480-570 million.
Hormuz Shipping Surges to Six-Month Peak, Yet Brent Holds $14 War Premium
U.S.-supported transits through Hormuz hit a six-month high, but Brent's $14 premium over fair value persists amid supply concerns.
Australia's Diesel Stockpile Dips as Fuel Costs Escalate
Australia has 31 days of diesel supply, but prices are soaring. The government extends stockholding relief, while Ampol and Viva Energy face mixed impacts.