Commodities News

Commodity market news including oil prices, gold, silver, natural gas, and agricultural futures. Track supply, demand, and geopolitical price drivers.

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Oil Jumps on Hormuz Tension, VIX Slips as Equity Hedging Stays Cool
Commodities Rebecca Torres

Oil Jumps on Hormuz Tension, VIX Slips as Equity Hedging Stays Cool

Brent crude jumped 3.8% on Hormuz supply fears, yet the VIX fell 4.2% to 15.15, signaling limited equity hedging. S&P 500 slipped 0.18%, while payrolls forecast 80K.

APP SNDK WDC DDOG BAC GS UBS JEF USO GLD SLV
Vale Shares Edge Up Despite BofA Downgrade; Buyback Could Lift Yield to 5%
Commodities Rebecca Torres

Vale Shares Edge Up Despite BofA Downgrade; Buyback Could Lift Yield to 5%

Vale ADRs edged up 0.4% despite BofA downgrade. The company's capital return program, including buybacks, could yield 5.01%, but iron ore headwinds persist.

RIO BHP BAC GS MS
American Airlines Faces Fuel Cost Squeeze as Brent Tops $80
Commodities Rebecca Torres

American Airlines Faces Fuel Cost Squeeze as Brent Tops $80

American Airlines shares edged higher in premarket trading as Brent crude climbed above $80, but rising fuel costs are squeezing margins, with fuel expenses accounting for 94.7% of Q2 revenue growth.

AAL UAL LUV DAL USO
Brent's July Rally Widens WTI Spread to 60% on Hormuz Jitters
Commodities Rebecca Torres

Brent's July Rally Widens WTI Spread to 60% on Hormuz Jitters

Brent crude rose over 20% in July, widening its premium over WTI to $5.87 as Hormuz shipping concerns persist. Tanker traffic through the strait remains at 30-35% of pre-conflict levels.

USO
Uniper Deal Narrows Ksi Lisims FID Gap to 1-2 Mtpa
Commodities Rebecca Torres

Uniper Deal Narrows Ksi Lisims FID Gap to 1-2 Mtpa

Uniper's binding 2 Mtpa LNG offtake cuts Ksi Lisims' FID gap to 1-2 Mtpa. Total disclosed volume reaches 7 Mtpa (58% of capacity). UN0 shares gain 1.3%.

SHEL TTE
Oil Nears $90 as Hormuz Risks Eclipse Mixed US Stockpile Data
Commodities Rebecca Torres

Oil Nears $90 as Hormuz Risks Eclipse Mixed US Stockpile Data

Oil prices climbed near $90 on Wednesday as security concerns in the Strait of Hormuz outweighed mixed signals from US crude inventory data.

USO XLE
Energy Stocks Hold Steady as Oil Prices Slide on Hormuz Reopening Hopes
Commodities Rebecca Torres

Energy Stocks Hold Steady as Oil Prices Slide on Hormuz Reopening Hopes

Oil prices extended losses on Tuesday amid hopes for a full reopening of the Strait of Hormuz, but major energy stocks remained largely unchanged, signaling investor confidence in earnings.

GS XOM CVX XLE UBS TTE NVDA QQQ SPY
Oil Prices Ease as Iran De-escalation Fades War Rally
Commodities Rebecca Torres

Oil Prices Ease as Iran De-escalation Fades War Rally

Oil prices retreated further on Tuesday as a pause in US military action against Iran prompted traders to prioritize diplomatic solutions over supply disruptions.

USO UNG GLD SLV USO
Hecla Mining Lags Silver Rally as Earnings Forecasts Slump Ahead of Q2 Report
Commodities Rebecca Torres

Hecla Mining Lags Silver Rally as Earnings Forecasts Slump Ahead of Q2 Report

Hecla Mining shares declined 0.8% even as spot silver rose 1.3%, with Q2 earnings forecasts slashed by 22% over the past three months. The company reports after the bell on Aug. 4.

HL CDE PAAS SLV
Rio Tinto Shares Rise Ahead of H1 Results; Iron Ore Sales in Focus
Commodities Rebecca Torres

Rio Tinto Shares Rise Ahead of H1 Results; Iron Ore Sales in Focus

Rio Tinto shares rose 2.13% ahead of half-year results, as investors focus on iron ore sales growth and copper cost reductions.

RIO BHP
Brent Crude Dips on China-Led Peace Efforts, Refiners Hit Record Margins
Commodities Rebecca Torres

Brent Crude Dips on China-Led Peace Efforts, Refiners Hit Record Margins

Brent crude fell nearly 4% to $96.78 on Friday amid China-led peace initiatives, but U.S. refining margins hit a record above $70/barrel, lifting refiner shares beyond consensus targets.

MPC VLO PSX XLE USO GLD
Hecla Mining Rallies 5.7% Despite Cash Conversion Hurdles Ahead of Q2 Report
Commodities Rebecca Torres

Hecla Mining Rallies 5.7% Despite Cash Conversion Hurdles Ahead of Q2 Report

Hecla Mining (HL) gained 5.7% over the week, outperforming silver ETFs, but faces cash conversion headwinds and lower Q2 silver prices ahead of its Aug. 4 earnings report.

HL SLV PAAS CDE AG