Commodities News
Commodity market news including oil prices, gold, silver, natural gas, and agricultural futures. Track supply, demand, and geopolitical price drivers.
Hormuz Tensions Drive RBOB Gasoline Futures Higher
RBOB gasoline futures climb 2% to $3.67 a gallon as Hormuz risks and falling inventories outweigh federal tax suspension hopes.
Brent Crude Holds Near $107 as Strait of Hormuz Risks Persist
Brent crude holds near $107 amid OPEC output at 20-year low and Strait of Hormuz disruptions. Traders weigh supply risks against demand concerns.
Silver Rally Nears $80, Awaits CPI Data for Direction
Silver trades near $80 as traders await U.S. CPI data. A break above $83 could signal further gains, while failure risks a drop toward $70.
Brent Crude Drops 6% as Geopolitical Risks and Supply Constraints Loom
Brent crude fell 6% to $101.29, with WTI at $95.42, as China imports plunged 20% and OPEC+ raised quotas. Analysts eye $120 risk from Middle East tensions.
Natural Gas Holds Near $2.80 After Smaller Storage Build, Summer Demand Looms
U.S. natural gas futures closed near $2.80/MMBtu after a smaller-than-expected storage build of 63 bcf. The EIA projects Henry Hub at $3.10 for Q2 and Q3, with LNG exports set to hit 17.0 bcf/d in 2026.
Gold Surges to $4,720 as Geopolitical and Economic Crosscurrents Drive Rally
Gold rallied 2.3% to $4,719.68 on a softer dollar and easing Iran tensions, but faces resistance near $4,780-$4,900 as Fed policy and geopolitical risks loom.
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.