Commodities News
Commodity market news including oil prices, gold, silver, natural gas, and agricultural futures. Track supply, demand, and geopolitical price drivers.
Oil Rally Faces Data Test: Delayed EIA Report, $101 Brent, and Shrinking SPR
Brent crude settles above $101, EIA report delayed to Thursday. SPR at 286.6 million barrels, commercial stocks draw. Traders eye data for confirmation of tightness.
Cattle Futures Retreat After Rally, Clouding Rebound Prospects
Cattle futures pulled back Wednesday after a sharp rally, raising doubts about a durable rebound. USDA data point to tighter supplies ahead, but demand and imports may limit gains.
Gasoline Prices Surge 7.3 Cents as Brent Crosses $100
AAA's national average for regular gasoline rose 7.31 cents to $4.2245 a gallon, as Brent crude climbed back above $100. The jump adds pressure on consumers and the Fed ahead of its rate decision.
Silver Steadies Above $66 as Traders Await Key Inflation Data
Silver remains above $66 as SLV dips 0.8%. Traders focus on PPI, CPI, and Fed decision for direction amid tight physical market.
Oil Surges Past $99 After Saudi Attacks; Dow Futures Slide
Brent crude surged past $99 following attacks on Saudi energy facilities, while Dow futures dropped 390 points as investors weigh supply risks and inflation implications.
Gold Rebounds Above $4,430 as Dollar Slips, But Fed Rate Hike Odds Cap Gains
Gold rebounds to $4,429.89 as the dollar slips, but Fed rate hike odds near 60% and narrow trading range suggest the move is currency-driven, not a safe-haven shift.
Copper's Record Price Masks 131K-Ton Supply Glut
Copper prices reached a new all-time high of $14,533 per metric ton, yet a 131,000-ton surplus complicates the rally. Regional shortages and tariff uncertainty are key drivers.
Diesel Hits Record $5.90, Squeezing Carriers as Surcharges Lag
U.S. diesel prices hit a record $5.90/gallon, up 59% year-over-year, while freight surcharges lag, squeezing carriers like FedEx and UPS.
Strait of Hormuz Ship Traffic Dips to May Low as Brent Holds Near $97
Ship traffic through the Strait of Hormuz hit a May low, while Brent crude held near $97 as markets assess supply risks and a delayed recovery.
BC Hydro Breaks Ground on C$6B North Coast Power Line; Miners Await 2030
BC Hydro has begun construction on the C$6B North Coast Transmission Line, but mining stocks showed little reaction as power delivery isn't expected until 2030.
