Commodities News
Commodity market news including oil prices, gold, silver, natural gas, and agricultural futures. Track supply, demand, and geopolitical price drivers.
Gasoline Prices to Stay Elevated Despite Potential Iran Deal, Analysts Warn
U.S. gasoline prices remain near 2022 highs above $4.54 per gallon as geopolitical tensions near the Strait of Hormuz continue to disrupt oil flows, with analysts forecasting no return to pre-war levels before 2027.
Mixed Lean Hog Futures Amid Strong Pork Export Sales
Lean hog futures showed mixed results Thursday, with front months declining while later contracts gained, as USDA reported strong pork export sales.
Gold ETFs Attract $6.6B in April as Bullion Rebounds; Crowding Risk Emerges
Global gold ETFs attracted $6.6 billion in April, reversing March outflows, as spot gold climbed for a third day. GLD assets reached $156.3 billion, but analysts warn of crowding risk.
Oil Dips Below $100 as US-Iran Talks Progress, Gas Prices Remain Elevated
Brent crude dropped below $100 a barrel Thursday as the US and Iran moved toward a temporary halt in hostilities, though US gasoline prices remained near multi-year highs at $4.558 per gallon.
Glencore Shares Dip as Ex-Dividend Date Arrives Amid Mixed Production Outlook
Glencore shares slipped 0.4% to 566.6 pence in London Thursday, trading ex-dividend after a rally fueled by strong copper output and marketing earnings expectations.
Gold Rallies on Dollar Weakness, Focus Shifts to US Jobs Data
Gold extended its rally on Thursday, climbing 1% as the dollar softened and Treasury yields fell. Investors now await the April US jobs report for further direction.
Brent Crude Dips Below $100 as Iran Talks Progress, Supply Constraints Persist
Brent crude slipped below $100 as traders weigh Iran peace talks, but U.S. inventories fell sharply, distillate stocks hit 2005 lows, and Asian fuel exports plunged, keeping supply concerns front and center.
Barrick Gold Surges 7% as Bullion Rally Precedes Q1 Report
Barrick Gold shares surged 7.39% as gold hit a one-week high, setting the stage for its May 11 Q1 earnings report and planned North American IPO.
Oil Slides as Trump Pauses Hormuz Mission, Iran Deal Hopes Rise
President Trump paused the U.S. naval escort mission in the Strait of Hormuz as reports emerged of a possible Iran deal, sending oil prices tumbling and global stocks surging.
Detroit Gasoline Prices Surge 66 Cents Amid Iran Conflict and Refinery Disruption
Metro Detroit gas prices surged 66 cents to $4.82 per gallon amid Iran war fallout and a BP refinery outage, with Brent crude settling at $114.44. Michigan's average of $4.83 exceeds the U.S. average.
Oil Surge and Geopolitical Risk Rattle Wall Street, UBS Warns of Underestimated Impact
Brent crude surged 5.8% to $114.44 after new attacks in the Strait of Hormuz, while the S&P 500 fell 0.41%. UBS warns investors are missing the bigger risk of sustained economic damage.