Commodities News
Commodity market news including oil prices, gold, silver, natural gas, and agricultural futures. Track supply, demand, and geopolitical price drivers.
U.S. Mint's $5,370 Gold Coin Vanishes in Two Minutes Amid Record Investment Demand
The U.S. Mint's 2026-W American Eagle gold coin sold out in under two minutes, reflecting surging physical gold investment demand that Metals Focus says will overtake jewelry this year.
Lithium Americas Surges on Thacker Pass Progress, Defying Sector Weakness
Lithium Americas shares jumped 5.8% to $5.51 as investors focused on accelerating construction at its Thacker Pass project, bucking declines in Albemarle and SQM.
Gasoline Dips on Crude Retreat, But Geopolitical Risks Persist
U.S. gas prices fell to $4.322/gal, down from $4.507 last week, as crude pulled back. However, oil surged 4.2% Monday after Iran halted indirect U.S. talks and new blockade fears emerged. Gasoline stocks declined for a record-tying 15th week.
Gold Steadies Amid Jobs Data Anticipation, Monthly Loss Persists
Gold rose Friday but ended May down over 1%. U.S. jobs data due June 5 will test the outlook as the Fed holds rates steady and physical demand remains weak.
Cameco Rebounds After Restarting Key Mines; Output Forecast Unchanged
Cameco shares rose 7.1% last week after resuming full production at McArthur River and Key Lake. The company left its 2026 output guidance unchanged, supporting investor confidence.
Exxon Warns of $160 Oil as Hormuz Talks Stall, Shareholders Back Texas Move
Exxon Mobil warned crude could spike to $150-$160 a barrel as global inventories near minimums. Shareholders approved moving legal home to Texas.
Brent Crude Tumbles as US-Iran Hormuz Truce Hopes Spur Weekly Rout
Oil prices suffered their biggest weekly loss since April as traders bet on a US-Iran ceasefire to reopen Hormuz. Brent settled at $92.05, with EIA data showing a 3.3 million barrel crude draw.
Glencore Eyes Monday Catalyst as South Africa Greenlights Ferrochrome Power Relief
Glencore shares ended the week nearly unchanged at 567.80 pence, as South Africa approved a temporary discounted power rate for the Glencore-Merafe ferrochrome venture, offering cost relief ahead of Monday's market open.
Crude Drops 4% on Iran Deal Report, Hormuz Reopening Hopes
Oil prices fell about 4% Wednesday after Iranian state TV reported a draft U.S.-Iran deal to reopen the Strait of Hormuz, sending Brent to $95.59 a barrel and WTI to $88.91.
Silver Slips Toward $76 as India Tariffs and Fed Jitters Weigh
Silver slipped 2.3% to $76.27 as India's new import curbs and Fed rate worries dampened demand. The metal remains up 129% year-over-year but well below January highs.