Commodities News
Commodity market news including oil prices, gold, silver, natural gas, and agricultural futures. Track supply, demand, and geopolitical price drivers.
Gold Retreats as Dollar Strength Weighs, Eyes Second Weekly Decline
Gold declined 0.6% to $5,046.69 an ounce, heading for a second weekly drop as a robust dollar and persistent inflation concerns offset safe-haven demand. Oil price surges and logistical disruptions added to market pressures.
Silver Retreats to $81, Pressuring Miners as Dollar Strength Weighs
Silver prices declined sharply on Friday, dropping over 3% toward $81 per ounce, which pressured shares of silver mining companies. The move was driven by a resilient U.S. dollar and recalibrated expectations for Federal Reserve interest rate cuts.
Occidental Petroleum Shares Dip Despite $100 Oil and Analyst Upgrades
Occidental Petroleum shares declined 1% to $57.83 by midday Friday, even as Brent crude surged past $101 per barrel. The stock received upgrades from Piper Sandler and Wells Fargo, with both firms highlighting improved capital efficiency and the company's ongoing debt reduction efforts.
Petrobras Shares Drop on Domestic Diesel Price Increase Amid Government Tax Shift
Petrobras shares declined following a diesel price increase for distributors, set against Brazil's removal of federal diesel taxes and new crude export tax. The state oil giant reported a strong Q4 profit but faces policy headwinds.
Anglo American Shares Drop 2% as $100 Oil, Rate Fears Weigh on Miners
Anglo American shares declined roughly 2% on Friday, tracking a broader selloff in London-listed mining stocks as oil prices held above $100 a barrel and expectations for near-term interest rate cuts diminished.
Iran Conflict Fuels Global Inflation Surge as Oil Tops $100
The Iran conflict has triggered a severe oil supply disruption, pushing Brent crude above $100 a barrel and sending shockwaves through global freight, agriculture, and consumer markets.
Northern Star Revises FY26 Gold Forecast Amid Operational Challenges
Northern Star Resources Ltd has cautioned that its full-year 2026 gold production could fall short of previous guidance, citing operational difficulties at its KCGM and Jundee sites. The miner now anticipates output exceeding 1.5 million ounces, below its earlier 1.6-1.7 million ounce range.
B2Gold Shares Decline Amid Gold Price Retreat and 2026 Production Concerns
B2Gold Corp's U.S.-listed shares declined 2.9% to $5.10, tracking weaker gold prices. The miner reported 2025 revenue of $3.06 billion but warned 2026 production could fall to 820,000-970,000 ounces with elevated costs.
Cenovus Energy Reaches 52-Week Peak Amid Oil Price Surge
Cenovus Energy shares surged to a 52-week high as Brent crude oil prices topped $100 per barrel, driven by renewed Middle East conflicts. The company's significant debt and planned operational turnarounds underscore its exposure to volatile energy markets.
Fertilizer Stocks Rally on Middle East Supply Fears, Mosaic Leads Gains
Mosaic shares jumped 7.5% Thursday as fertilizer stocks rallied on fears that potential disruptions to shipping through the Strait of Hormuz could tighten global supply and lift prices.
Oil Prices Spike on Strait of Hormuz Closure, Supply Shock Fears
Oil prices surged over 8% Thursday after Iran confirmed the Strait of Hormuz would remain closed, exacerbating supply fears. The IEA warns of a record 8 million barrel per day drop in March output.