Commodities News
Commodity market news including oil prices, gold, silver, natural gas, and agricultural futures. Track supply, demand, and geopolitical price drivers.
Distillate Supply Squeeze Supports Heating Oil Despite Daily Dip
U.S. heating oil futures declined 0.8% to $2.59 a gallon Friday, pausing after a rally fueled by a significant weekly drawdown in distillate stockpiles. Inventories fell 4.6 million barrels to 120.1 million, roughly 5% under the five-year average.
Oil Holds Near Six-Month Highs Amid Iran Tensions, Supply Draws
Oil prices remained near six-month highs despite a slight Friday pullback, supported by geopolitical tensions and a sharp drop in U.S. crude inventories. Brent and WTI posted weekly gains of roughly 5.3%.
Silver Surges Past $82 on Tariff Ruling and Economic Data
Silver prices rallied sharply on Friday, climbing above $82 per ounce as markets reacted to a major Supreme Court tariff ruling and disappointing economic growth figures.
Natural Gas Futures Surge 5% on Weather, LNG Startup Outlook
U.S. natural gas futures climbed nearly 5% Friday, rebounding from recent lows as a cold snap and expectations for new LNG export demand from the Golden Pass project supported prices.
Gold Surges Past $5,000 on Rate Cut Hopes, Tariff Ruling
Gold prices climbed above $5,000 an ounce Friday, driven by disappointing U.S. economic growth figures and a Supreme Court decision striking down former tariffs. The move reflects shifting expectations for Federal Reserve policy.
SSR Mining Calls Convertible Notes, Gold Prices Rally on Economic Data
SSR Mining shares advanced as the company announced the redemption of its 2.50% convertible notes due 2039, which could lead to the issuance of approximately 13 million new shares. Concurrently, gold prices strengthened following disappointing U.S. economic growth data.
Denison Mines Secures Key Canadian Approval for Phoenix Uranium Mine
Denison Mines Corp. shares advanced in premarket trading following Canadian regulatory approval for construction of its flagship Phoenix uranium mine. The decision shifts focus to the company's final investment decision and construction timeline.
Silver Surges Past $80 on Safe-Haven Demand Ahead of Key U.S. Data
Silver prices climbed nearly 3% to breach $80 per ounce in European trading Friday, driven by safe-haven demand amid Middle East tensions and lower bond yields. The rally is increasing costs for solar manufacturers.
South32 Shares Dip Amid Copper Volatility and Dividend Focus
South32 shares closed lower at A$4.39, with markets focused on copper price volatility and the company's interim dividend ex-date of March 5. The miner also plans to idle its Mozal aluminium smelter in Mozambique.
Shell Shares Reach New Peak as Venezuela Licenses Unlock Dragon Gas Project
Shell shares climbed to a fresh 52-week high after the company confirmed new U.S. licenses enable advancement of its long-delayed Dragon natural gas project in Venezuela. The development comes amid elevated crude prices driven by geopolitical tensions.