Commodities News
Commodity market news including oil prices, gold, silver, natural gas, and agricultural futures. Track supply, demand, and geopolitical price drivers.
Ontario Gas Price Drop Forecast for Friday, But Relief May Be Short-Lived
En-Pro forecasts a 9-cent drop in Ontario gas prices Friday, but futures point to a potential rebound. Suncor (SU) and Imperial Oil (IMO) shares show little movement.
US Beef Import Quota Opens 300K Tons; JBS Not Sole Beneficiary
The US opens a 300,000-ton lean beef import quota, not exclusive to JBS. Ground beef prices hit $6.923/lb, up 9.6% YoY. Tyson cuts beef outlook.
Australian Fuel Wholesale Costs Surge as Diesel Outpaces Petrol
Australia's wholesale fuel costs accelerated, with diesel up 16.2 cents to 267.0 cents a litre in four days. Brent crude at $107 drives pressure, with supply cushion easing concerns.
Gold Rebounds Above $4,300 After Fed Shock, Yet Futures Lag
Gold rebounded above $4,300 in Asian trading Thursday, but futures still lag the prior settlement after the Fed's rate hike. COMEX gold fell 1.26% to $4,332.40.
Silver Rally Fades as Fed Signals Further Rate Hikes
Silver's pre-Fed rally vanished as the Fed's rate projections pointed to another hike, pushing COMEX silver down 4.1% from its high.
Brent Dips Below $106 as Fuel Stockpiles Rise
Brent crude slipped below $106 a barrel as US inventory data revealed larger-than-expected builds in gasoline and distillates, offsetting a smaller-than-anticipated crude draw.
Toronto Gas Prices Set to Spike Again as Winter-Blend Relief Fades
Toronto's brief winter-blend discount is set to vanish Thursday as prices are forecast to jump six cents to 189.9¢ per litre, erasing most recent savings.
Furnace Oil Prices Soar 84% in PEI Amid Refinery Shutdown
PEI furnace oil prices have jumped 84% year-over-year, reaching C$2.159/L, driven by soaring crude costs and a 75-day refinery turnaround at Irving Oil's Saint John facility.
Australia's Diesel Price Surge: Supply Is Secure, but Costs Bite
Australia's diesel supply is secure with 32 days of stock, but record prices are fueling inflation and an expected RBA rate hike. ASX 200 fell 1% as energy costs hit miners.
Global Fuel Unrest Tests Fiscal Resolve as Oil Stays Above $100
Fuel-price protests are spreading globally as Brent holds above $100, forcing governments to choose between passing costs to consumers or absorbing them via subsidies.
US Crude Stock Surge Eases Oil Rally, But Fuel Prices Stay Elevated
Oil and fuel futures declined Wednesday after an industry report showed a larger-than-expected U.S. crude inventory build, but the drop may not translate to lower pump prices yet.
IperionX's GenX Titanium Process Hits Key Milestone in 41-Hour Test
IperionX's GenX titanium process achieved 6x throughput and 75% lower power in a 41-hour test, but unit costs remain undisclosed. Shares rose 2.4%.