Commodities News
Commodity market news including oil prices, gold, silver, natural gas, and agricultural futures. Track supply, demand, and geopolitical price drivers.
Gold Dips Below $4,000 as Oil Surge on Iran Tensions Puts Fed Rate Hike Back in Play
Gold fell 3.09% to $3,992.20 as oil's rally on Iran tensions fueled rate hike expectations, with Fed's Waller flagging possible tightening.
Glencore's Six-Day Volatility Totals 10.35% as Shares End Flat
Glencore shares experienced 10.35 percentage points of cumulative daily moves over six sessions but ended nearly unchanged, as oil gains from U.S.-Iran tensions balanced trading profits against rising industrial costs.
Rio Tinto Faces Key Test as Iron Ore Shipments Poised for Cyclone Recovery
Rio Tinto shares edged up ahead of a key Q2 operations update, with consensus expecting 84.1 million tonnes of Pilbara iron ore sales, a 16.2% rebound from the cyclone-disrupted first quarter.
Hormuz Strait Sees 95% Drop in Ship Traffic, Crude Oil Market Signals Mixed
Only six vessels crossed the Strait of Hormuz on Sunday, a 95% drop from pre-war levels, as Brent crude rose 2.2% to $77.68. Analysts warn of production curbs and tight oil markets.
Diesel Premium Hits $80 as Geopolitical Tensions Roil Oil Markets
Oil futures brace for volatility after U.S.-Iran strikes threaten Hormuz shipping, while diesel margins hit $80, highlighting a widening gap between crude and refined product prices.
Russia's Diesel Export Ban Cuts Global Supply by 583,000 Barrels Daily
Russia's diesel ban removes 583,000 bpd from global supply, squeezing U.S. inventories and boosting refining margins for major players.
