Commodities News
Commodity market news including oil prices, gold, silver, natural gas, and agricultural futures. Track supply, demand, and geopolitical price drivers.
Michigan Suspends Summer Gas Rules as Prices Surge Past $3.88
Governor Gretchen Whitmer declared a state of energy emergency in Michigan, suspending stricter summer gasoline regulations in eight southeastern counties to provide relief at the pump as average prices approach $4 per gallon.
Oil Surges on Renewed Hormuz Tensions, Fueling Inflation Fears
Oil prices surged sharply Thursday, with Brent crude exceeding $109 and WTI climbing past $111, following renewed geopolitical tensions over the Strait of Hormuz. Analysts warn U.S. gasoline could hit $5 a gallon if the vital waterway remains closed.
Natural Gas Futures Steady Amid Oversupply, Record LNG Exports
U.S. natural gas futures remained anchored around $2.80 per mmBtu as a larger-than-expected storage injection and unseasonably warm weather countered record March LNG exports. The Energy Information Administration lowered its 2026 price forecast below $3.80.
Silver Tumbles 4% as Geopolitical Tensions Fuel Dollar, Oil Rally
Silver prices declined nearly 4% on Thursday, pressured by a stronger U.S. dollar and surging crude oil following heightened Middle East tensions. The move reversed the previous session's gains.
Gold Retreats as Dollar Gains on Geopolitical Tensions
Gold prices dropped sharply Thursday, erasing much of the prior day's rally, as a stronger U.S. dollar and surging oil prices shifted market focus back to inflation risks. Spot gold fell 2% to $4,660.95 an ounce.
Exxon Plunges 5.2%, Erasing $36 Billion as Iran Peace Hopes Sink Oil
Exxon Mobil shares fell sharply, erasing $36 billion in value, as crude oil prices dropped on signs of a potential end to the U.S.-Iran conflict. The energy sector sold off broadly despite gains in the wider market.
Oil Volatility Persists Near $100 as Ceasefire Hopes Clash with Supply Realities
Oil prices fluctuated sharply on Wednesday, with Brent crude touching $98.35 before recovering near $103, as hopes for a swift end to the Iran conflict were tempered by persistent supply disruptions. The IEA warned April supply losses could double March's figures.
European Gas Prices Retreat Amid Profit-Taking, EU Considers Emergency Steps
European natural gas prices declined Tuesday as traders locked in gains, with the Dutch TTF benchmark dropping 2.5%. The European Commission is preparing emergency measures as storage levels remain critically low.
Brent Crude Sees Wild Swings on Iran Peace Talk Rumors, OPEC Supply Plunge
Brent crude futures experienced extreme volatility Tuesday, with the June contract falling over $3 on rumors of a potential Iran peace deal, while expiring May Brent held gains. The market grapples with a sharp OPEC production decline and fresh Middle East supply disruptions.
Silver Surges 6.7% on Dollar Weakness, Yet Remains Down Sharply for March
Silver prices rallied sharply on Tuesday, gaining 6.7% as the U.S. dollar weakened and geopolitical concerns showed signs of easing. Despite the daily surge, the metal remains deeply in negative territory for the month of March.
Gold Rebounds 2% But Set for Worst Monthly Drop Since 2008
Gold prices climbed over 2% on Tuesday, yet the precious metal remains on track for its most significant monthly loss since the 2008 financial crisis. Silver surged nearly 5%, and Brent crude oil hovered near $118 a barrel.
Gold Posts March Rebound but Faces Worst Monthly Drop Since 2008
Gold prices climbed in early New York trading Tuesday but remained on track for their steepest monthly decline since 2008. Brent crude oil rose sharply after the Strait of Hormuz was closed due to the Iran conflict.