Commodities News
Commodity market news including oil prices, gold, silver, natural gas, and agricultural futures. Track supply, demand, and geopolitical price drivers.
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.
Suncor Energy Drops as Crude Retreats Below $100, TSX Hits Record
Suncor Energy fell 3.1% to C$90.12 as oil prices tumbled on possible U.S.-Iran talks, even as Canada's main index hit a record high.
Whitecap Resources Dips on Oil Price Plunge Despite Buyback Initiation
Whitecap Resources stock dropped 3.45% on Monday as oil prices fell sharply, with the TSX energy sector down 2.1%. The company's new buyback plan started amid the selloff.
First Quantum Soars on Panama Stockpile Approval, Copper Rally
First Quantum Minerals rose 7.77% as Panama authorized processing and export of Cobre Panama copper stockpiles, with copper prices climbing 0.9%.
CNQ Slips 3% as TSX Hits Record; Oil Tumbles on Iran Talks
Canadian Natural Resources shares fell 3.16% on Monday, underperforming the TSX's record run, as oil prices tumbled 5% amid U.S.-Iran negotiations. The stock closed at C$65.12.
Baytex Energy Drops as Crude Oil Tumbles on Iran Deal Speculation
Baytex Energy shares fell 3.7% on Monday, tracking a 2.1% drop in the energy sector as crude oil prices slumped 5% on speculation of a U.S.-Iran deal reopening the Strait of Hormuz.