Commodities News
Commodity market news including oil prices, gold, silver, natural gas, and agricultural futures. Track supply, demand, and geopolitical price drivers.
Oil Prices Dip Amid Strait of Hormuz Tensions, Traders Await U.S. Inventory Data
Brent crude declined 0.35% to $68.80 per barrel as geopolitical risks in the Strait of Hormuz persisted. Market participants are focused on upcoming U.S. stockpile figures and developments regarding Iran and EU sanctions.
Heating Oil Futures Dip as Geopolitical Tensions Ease, Traders Eye Inventory Data
NYMEX heating oil futures declined 0.7% to $2.3996 per gallon, tracking a pullback in crude oil. Market focus shifts to Wednesday's U.S. distillate inventory report for direction.
Gasoline Futures Gain Amid Geopolitical Tensions, Traders Eye Inventory Data
RBOB gasoline futures rose over 1% as U.S.-Iran tensions near the Strait of Hormuz kept traders cautious. The national average pump price increased to $2.921 per gallon.
Oil Prices Retreat as Hormuz Tensions Offset by Supply Resilience
Brent crude edged lower Tuesday, paring gains from a geopolitical risk rally sparked by U.S. warnings near Iran. Market focus shifts to inventory data and OPEC's monthly report.
Oil Prices Retreat as Geopolitical Tensions Maintain Supply Risk Premium
Brent and WTI crude declined Tuesday amid heightened U.S.-Iran tensions and new maritime guidance for the Strait of Hormuz. Traders await U.S. inventory data for further market direction.
Natural Gas Futures Extend Losses on Milder Weather Outlook, Storage Data Awaited
U.S. natural gas prices declined further early Tuesday, pressured by forecasts for warmer late-February weather reducing heating demand. Market attention turns to Thursday's storage report for signs of inventory trends.
Silver Retreats as Dollar Gains Strength Ahead of Key U.S. Economic Reports
Silver prices declined over 1% as the U.S. dollar strengthened, with traders awaiting crucial U.S. employment and inflation data later this week that could influence Federal Reserve policy.
Gold Retreats from Record Highs as Equities Gain; Focus Shifts to US Economic Data
Gold prices declined on Tuesday, pressured by a stronger dollar and rising global stock markets. Traders are awaiting key U.S. employment and inflation reports later this week for direction.
Rio Tinto Shares Retreat as Metals Rally Cools in London Trading
Rio Tinto shares fell 0.5% in early London trade, giving back some of Monday's 3% advance as precious metals prices softened. The mining giant's next earnings report is scheduled for February 19.
Glencore Shares Surge 4.8% on $250M South African Metals Deal Ahead of Earnings
Glencore's stock rebounded sharply in London trading after a subsidiary secured a major prepayment agreement for copper and zinc in South Africa. Investors now await the company's full-year results scheduled for February 18.
South32 Gains as Mozambique Pledges Support for Mozal Smelter
South32 shares rose after Mozambique's energy minister committed to keeping the Mozal aluminium smelter operational. Investors await the company's half-year results on Feb. 12 for further clarity.
Lynas Shares Gain as Rare Earth Prices Reach Multi-Year High, State Street Boosts Stake
Lynas Rare Earths shares advanced 2.2% after neodymium-praseodymium oxide prices in China hit their highest level since mid-2022. State Street Corporation increased its voting power in the company to 9.55%.