Commodities News
Commodity market news including oil prices, gold, silver, natural gas, and agricultural futures. Track supply, demand, and geopolitical price drivers.
Exxon Shares Retreat Amid Oil Price Surge, Venezuela Plans Scrutinized
Exxon Mobil shares fell 1.6% in extended trading Tuesday as oil prices surged nearly 5% to yearly highs. Investors assessed regional exposure and Venezuela re-entry comments.
OXY Shares Reverse Gains as Oil Spikes on Middle East Tensions
Occidental Petroleum shares gave up early gains and closed lower Tuesday, caught in volatile trading as oil prices surged to 2024 highs on Middle East supply concerns. Investors are focused on upcoming inventory data and a key debt-tender deadline.
U.S. Gasoline Prices Surge Past $3 Amid Middle East Supply Fears
U.S. gasoline prices surged above $3 per gallon Tuesday, driven by a sharp rally in crude oil due to escalating Middle East tensions. Refiner stocks advanced as fuel margins expanded.
Oil Surges on Strait of Hormuz Disruption, Iraq Cuts Output
Brent crude futures surged 6% to $82.38 a barrel as supply disruptions through the Strait of Hormuz intensified. Iraq has cut production by nearly 1.5 million barrels per day, with warnings of deeper losses.
Precious Metals Tumble as Oil Shock Fuels Inflation, Delays Fed Cuts
Silver and gold prices fell sharply as investors sought the U.S. dollar amid rising oil prices and bond yields, delaying expectations for Federal Reserve interest rate cuts.
Petrobras Shares Extend Rally on Oil Price Surge; Q4 Results Loom
Petrobras shares climbed for a third session as Brent crude surged past $83 per barrel. The company's fuel pricing strategy and upcoming fourth-quarter earnings on March 5 are key investor focuses.
Venture Global Surges on Qatar LNG Halt, Posts Strong Q4
Venture Global shares surged in premarket trading following a Qatar LNG production halt that tightened global gas markets. The company also reported robust fourth-quarter earnings.
Battalion Oil Holds Gains After 114% Surge as Strait of Hormuz Tensions Fuel Oil Rally
Battalion Oil shares steadied in premarket trading after a massive 114% rally, mirroring a sharp rise in oil prices driven by escalating Middle East tensions and shipping disruptions near the Strait of Hormuz.
Rio Tinto Shares Slide on Geopolitical Tensions, Company Advances Projects
Rio Tinto shares declined more than 2% in early London trading, pressured by broader market losses amid heightened Middle East tensions. The company simultaneously moved forward with a major mineral sands restart and a critical minerals pilot plant.
Shell Gains as Oil Rises on Middle East Tensions; Legal Setback Noted
Shell's stock edged higher Tuesday, tracking a rally in oil prices driven by Middle East supply concerns. Separately, a New York judge rejected Shell's attempt to overturn an arbitration loss in a dispute with LNG producer Venture Global.
Shell Gains as Oil Rises on Middle East Tensions; Legal Setback Noted
Shell's stock advanced as Brent crude climbed for a third session due to escalating Middle East tensions. Separately, the company lost a legal bid to overturn an arbitration award in an LNG contract dispute.