Commodities News
Commodity market news including oil prices, gold, silver, natural gas, and agricultural futures. Track supply, demand, and geopolitical price drivers.
Vale Shares Slide Amid Record China Iron Ore Inventories
Vale shares fell over 1% as data showed China's iron ore inventories reaching a multi-year peak while steel production dipped, highlighting potential demand pressure.
Gold Plunges to Six-Week Low as Hawkish Central Banks, Oil Spike Pressure Bullion
Gold prices tumbled sharply, with spot gold dropping 3.9% to $4,629.29 per ounce, its lowest level since early February. The sell-off was driven by major central banks holding interest rates steady and warning of renewed inflation risks from surging oil prices.
European Gas Prices Soar on Qatar LNG Outage, Inflation Fears Mount
European natural gas prices surged to their highest level since early 2023 after an attack on Qatar's LNG infrastructure knocked out a significant portion of global export capacity, threatening supplies to Europe and Asia and prompting central bank inflation warnings.
Gulf Attacks Propel Oil, Widen Brent-WTI Gap to 2015 High
Oil prices experienced extreme volatility Thursday following Iranian strikes on Gulf energy infrastructure, with Brent crude briefly exceeding $119 a barrel. The attacks have damaged Qatar's LNG export capacity and widened the key Brent-WTI spread to its largest margin since 2015.
Silver Plunges 10% as Fed's Hawkish Stance Rattles Metals Market
Spot silver plummeted 10.7% to $67.26 per ounce following the Federal Reserve's decision to maintain interest rates, extending losses from earlier in the week. The decline comes despite strong retail investment and projected supply shortages.
Brent-WTI Spread Widens to 11-Year High Amid Gulf Supply Shocks
Brent crude prices jumped nearly 7% following Iranian missile strikes on Gulf energy infrastructure, while U.S. benchmark WTI saw muted gains. The divergence pushed the discount for WTI versus Brent to its widest level in over a decade.
Gold Slides to One-Month Low Amid Dollar Strength, Fed's Hawkish Stance
Gold declined to its lowest level since early February, pressured by a robust U.S. dollar and the Federal Reserve's commitment to maintaining elevated interest rates. Spot gold fell 1.1% to $4,764.27 per ounce.
Silver Plunges on Hawkish Fed, Dollar Strength, and Oil Shock
Spot silver fell 4.3% to $72.14 per ounce Thursday, with U.S. futures dropping over 6%, pressured by expectations for prolonged high interest rates and a robust dollar.
Iran Strikes Gulf Energy Hubs, Sending Oil Past $112 and LNG Supply into Crisis
Oil prices spiked above $112 a barrel following Iranian strikes on energy infrastructure in Qatar, Saudi Arabia, and the UAE, crippling LNG output and raising fears of prolonged supply disruptions. European gas prices have jumped over 60% since the conflict began.
Iran Threats Spark 5% Oil Surge, Brent Tops $108 Amid Gulf Tensions
Oil prices jumped sharply as Iran threatened strikes on Gulf energy infrastructure, pushing Brent crude up 5% to $108.56 a barrel. The escalation offset a large U.S. crude inventory build, with traders focused on geopolitical risks.