Commodities News
Commodity market news including oil prices, gold, silver, natural gas, and agricultural futures. Track supply, demand, and geopolitical price drivers.
Northern Star Retreats as Gold Holds Near $5,000 Amid Fed Watch
Northern Star Resources closed lower, tracking gold's consolidation near the $5,000 mark. Market focus remains on upcoming U.S. economic data and its impact on bullion.
Evolution Mining Retreats as Gold Slips, Focus Shifts to Dividend and Outlook
Evolution Mining shares declined alongside weaker gold prices, with the sector index dropping 1.2%. Market attention now turns to the company's upcoming dividend and future production guidance.
Northern Star Dips as Gold Retreats; Jefferies Boosts Target
Northern Star Resources shares declined 0.8% to A$28.23 as gold prices softened. Jefferies increased its price target to A$35, maintaining a Buy rating.
Fortescue Shares Extend Losses Amid Iron Ore Weakness, Jefferies Cuts Target
Fortescue Metals Group shares declined for a second consecutive session as iron ore prices remained under pressure. Analyst firm Jefferies reduced its price target on the stock.
Heating Oil Futures Gain Amid Geopolitical Tensions and Weather Watch
Heating oil futures edged higher Monday, supported by rising crude prices and geopolitical concerns. Traders are focused on U.S.-Iran negotiations and a postponed weekly inventory report.
Gasoline Futures Edge Higher Amid Holiday-Thinned Trade, Focus on Delayed EIA Data
Gasoline futures gained modestly in subdued holiday trading, with the national pump average holding near $2.93. Market attention shifts to the postponed EIA fuel stocks report this Thursday.
Oil Prices Gain Amid Iran Talks, OPEC+ Supply Pause
Oil prices edged higher Monday, supported by geopolitical tensions ahead of U.S.-Iran talks and a planned OPEC+ production pause. Brent crude rose 0.6% to $68.16, while WTI gained to $63.32.
Lithium Prices Steady as Market Awaits Post-Holiday Direction
Lithium carbonate prices in China remained unchanged at 145,000 yuan per tonne, marking a fourth consecutive session of stability. Market attention shifts to post-holiday trading and upcoming producer earnings for demand signals.
Natural Gas Futures Slide Toward $3 as Warm Weather Forecasts Pressure Market
U.S. natural gas futures dropped sharply Monday, pushing the March contract toward $3 per MMBtu amid mild weather forecasts and a smaller-than-expected storage withdrawal. The United States Natural Gas Fund (UNG) ended Friday at $12.44.
Oil Hovers Near $68 Amid Geopolitical Tensions and OPEC+ Supply Outlook
Brent crude futures edged higher, holding near $68 per barrel as traders monitored U.S.-Iran negotiations and the prospect of OPEC+ increasing output in April. Thin liquidity amplified market sensitivity to geopolitical headlines.
Oil Edges Higher Amid Geopolitical Tensions and OPEC+ Supply Outlook
Oil prices advanced slightly on Monday, with Brent crude approaching $68 per barrel. Market activity was subdued due to U.S. and Asian holidays, while attention turned to upcoming geopolitical talks and producer group meetings.
Gold Retreats Under $5,000 Amid Dollar Strength, Holiday Liquidity Squeeze
Spot gold declined over 1% to $4,976.37 an ounce, slipping below the key $5,000 level. The drop was attributed to a stronger U.S. dollar and significantly reduced trading volumes due to holiday closures in major markets.