Commodities News
Commodity market news including oil prices, gold, silver, natural gas, and agricultural futures. Track supply, demand, and geopolitical price drivers.
Lithium Futures Volatile as Albemarle Strengthens Balance Sheet
Albemarle shares gained over 3% following strategic financial moves, while Chinese lithium futures experienced significant price swings, reflecting ongoing market volatility and demand uncertainty.
Oil Prices Choppy as Hormuz Disruption, Diplomacy Drive Volatility
Oil prices fluctuated Wednesday, with Brent crude near $81, as market participants weighed supply disruptions in the Strait of Hormuz against potential U.S.-Iran diplomatic talks. Major banks have revised price forecasts upward.
Brent Crude Holds Above $81 Amid Hormuz Shipping Disruption
Brent crude futures edged higher, holding above $81 per barrel as sustained shipping disruptions in the Strait of Hormuz fueled supply concerns. Major financial institutions have revised their oil price forecasts upward in response to the ongoing tensions.
Oil Prices Hover Near $81 as Hormuz Blockade Enters Fifth Day
Oil prices pared early gains Wednesday, with Brent crude trading near $81 a barrel as a prolonged blockade of the Strait of Hormuz continues to disrupt global supplies. Iraq has cut output by 1.5 million barrels per day.
Petrobras to Assess Oil Volatility Before Domestic Fuel Price Moves
Petrobras will observe oil price trends before deciding on potential adjustments to Brazilian fuel prices, CEO Magda Chambriard stated, following a 4.7% surge in Brent crude to $81.40 a barrel driven by Middle East conflict.
Glencore Shares Stabilize as Jefferies Sees Commodity Upside Amid Middle East Tensions
Glencore shares steadied in early London trading after a market slump, with Jefferies analysts pointing to geopolitical risks and inflation concerns as potential tailwinds for commodity stocks. The FTSE 100 fell sharply Tuesday as rate cut expectations faded.
BP Shares Face Volatility as Oil Surges on Middle East Supply Fears
BP shares are poised for a volatile session as Brent crude surges 3.3% to $84.07 on Middle East supply disruptions. Iraq has cut output by 1.5 million barrels per day, with warnings of deeper reductions.
Whitehaven Coal Defies ASX Downturn with Share Buyback Momentum
Whitehaven Coal gained 1.8% to A$8.34, outperforming the ASX 200's 1.9% drop, as its share buyback program continued. Market focus shifts to China's policy session and further buyback updates.
Iran's Strait of Hormuz Control Threatens Global Oil Flows, Prices Surge
Iran's declaration of control over the Strait of Hormuz has triggered a sharp slowdown in tanker traffic and a 4.7% spike in Brent crude prices. Analysts warn Asian economies are most vulnerable to supply disruptions.
Woodside Energy Gains as Oil Prices Surge on Middle East Supply Concerns
Woodside Energy shares advanced 0.9% to A$30.75 as oil prices climbed on Middle East supply risks. The company's shares go ex-dividend March 5 with a 59 U.S. cent payout.
BHP Shares Decline Amid Mining Sector Weakness Ahead of Dividend Date
BHP Group's U.S.-listed stock dropped sharply alongside other major miners, with attention turning to its interim dividend schedule and persistent macroeconomic headwinds.