Commodities News
Commodity market news including oil prices, gold, silver, natural gas, and agricultural futures. Track supply, demand, and geopolitical price drivers.
Gold Reclaims $5,000 as Soft Inflation Data Fuels Rate Cut Bets
Gold prices rebounded sharply above $5,000 an ounce following softer-than-expected U.S. inflation data, which increased market expectations for Federal Reserve interest rate cuts later this year.
OPEC+ Weighs April Production Hike as Oil Market Braces for Supply Shift
OPEC+ members are set to discuss restarting oil production hikes next month, potentially adding supply as demand forecasts weaken. Key energy stocks showed mixed performance ahead of the decision.
Silver Rebounds on Rate-Cut Hopes After Cooler CPI Data
Silver prices stabilized near $77.30 an ounce following a sharp Friday rebound, driven by increased bets for a June Fed rate cut after cooler inflation data. The iShares Silver Trust (SLV) rose 2.9%.
First Majestic Silver Soars 85% Amid Valuation Clash
First Majestic Silver stock has surged 85.53% over three months, sparking a valuation debate between bullish CA$120 targets and a DCF model suggesting CA$30.03. Albertsons appears undervalued by 55% based on cash flow analysis.
Oil Steadies Near $68 as OPEC+ Eyes April Output Hike
Oil prices stabilized Friday after a softer U.S. inflation reading, with Brent crude near $68. Traders await the March 1 OPEC+ meeting where the group may decide to resume output hikes from April.
Aramco Achieves 70% Domestic Procurement, Aims for 75% by 2030
Saudi Aramco has reached a 70% local content level in its procurement through the iktva program and is now targeting 75% by 2030. The initiative has added over $280 billion to the national GDP.
Albemarle Idles Australian Lithium Plant Amid Price Pressure
Albemarle shares dropped sharply after idling its Kemerton lithium processing unit in Australia. China's battery-grade lithium carbonate prices rose slightly, but spot trading remained sluggish.
IEA Trims Oil Demand Outlook, Sending Prices Lower
Crude oil prices dropped sharply Thursday following a reduced demand forecast from the International Energy Agency and a large build in U.S. stockpiles.
Oil Prices Retreat as IEA Trims Demand Outlook, Inventories Swell
Brent crude prices declined sharply following a reduced demand-growth projection from the IEA and a larger-than-expected build in U.S. crude inventories. Traders are now watching OPEC+ policy moves.
Silver Plunges 9% Ahead of Key Inflation Data
Silver prices dropped sharply on Thursday, with spot metal falling 9.4% as markets positioned for upcoming U.S. inflation data that could influence Federal Reserve policy.
Exxon Mobil Shares Decline on Ex-Dividend Date Amid Weaker Oil Price Outlook
Exxon Mobil stock fell 0.8% to $154.31 as it traded ex-dividend for a $1.03 quarterly payout, while Brent crude dropped 0.6% following an IEA demand forecast cut and larger-than-expected U.S. inventory build.