Commodities News
Commodity market news including oil prices, gold, silver, natural gas, and agricultural futures. Track supply, demand, and geopolitical price drivers.
U.S. Natural Gas Holds Gains as Global LNG Supply Shock Widens
U.S. natural gas futures held near a four-week high as global supply disruptions tightened LNG markets. The EIA reported a storage draw of 38 Bcf, while European inventories fell to a seasonal low.
Silver Recovers from Sharp Drop as Dollar Strength Limits Rally
Spot silver rose 0.6% to $86.27 an ounce on Thursday, recovering part of its 3.5% decline from the previous session. The rebound was underpinned by safe-haven demand, though a stronger U.S. dollar and uncertain interest rate outlook restrained further advances.
Gold Retreats as Dollar Strength, Delayed Fed Cuts Outweigh Geopolitical Havens
Gold prices declined 0.3% Thursday, with spot bullion at $5,159.04 an ounce. A stronger U.S. dollar and reduced bets on imminent Federal Reserve interest rate cuts offset demand driven by geopolitical risks.
Brazil's Export Tax Weighs on Petrobras Amid Global Oil Rally
Petrobras shares showed limited movement as Brazil introduced a temporary oil export tax and removed diesel levies, which may restrict benefits from soaring global crude prices. The state-run firm reported a strong Q4 profit and significant shareholder returns.
Hormuz Strait Disruption Undercuts Emergency Oil Release, Fuels Price Volatility
A record emergency oil release fails to stabilize markets as attacks near the Strait of Hormuz keep crude shipments severely constrained, causing Brent prices to swing wildly and U.S. gasoline costs to surge.
India Races to Secure LPG Amid Gulf War Disruption, Sparks Induction Stove Rush
India has invoked emergency powers to redirect LPG supplies from commercial to residential users following Gulf war disruptions, causing restaurants to limit hot meals and triggering a massive spike in induction cooker purchases.
Oil Majors Rise as Strait of Hormuz Attacks Spark Crude Price Surge
Major oil equities advanced in premarket trading Thursday as crude prices surged past $100 a barrel after new attacks on shipping in the Strait of Hormuz, though prices later eased. Broader market futures fell as traders reassessed Federal Reserve rate cut expectations.
Europe's Gas Market Braces for Supply Shock as Qatar LNG Disruption Looms
European natural gas prices remained firm as Shell's force majeure on Qatari LNG cargoes threatens supply from April, prompting EU officials to consider market interventions.
Gold Retreats as Dollar Gains, Geopolitical Tensions Underpin
Gold declined 0.5% to $5,165.93 per ounce as a stronger U.S. dollar pressured the metal. Silver saw a more pronounced drop of 4.1%, with other precious metals also retreating.
Silver Plunges 4% as Inflation Data Bolsters Dollar, Rate Outlook
Silver prices tumbled over 4% Wednesday, erasing the prior day's gains, after a firmer U.S. dollar and persistent inflation data dimmed the appeal of non-yielding metals. The sell-off extended across the precious metals complex.
U.S. Natural Gas Futures Rebound Above $3 Amid Fragile Market Balance
U.S. natural gas prices edged higher to $3.041/mmBtu, recovering from a prior drop, as the market weighs robust LNG exports against tepid domestic consumption and a lowered EIA price forecast.
Oil Prices Rebound Above $88 as Hormuz Supply Fears Outweigh IEA Stockpile Plan
Oil prices recovered sharply on Wednesday, with Brent crude climbing back above $88 per barrel, as market concerns over supply disruptions in the Strait of Hormuz overshadowed discussions of emergency stockpile releases by the IEA and G7 nations.