Commodities News
Commodity market news including oil prices, gold, silver, natural gas, and agricultural futures. Track supply, demand, and geopolitical price drivers.
Gold Holds Near $4,760 as Geopolitical Tensions Counter Dollar Weakness
Gold consolidated near $4,760 an ounce following a third consecutive weekly advance. Prices found support from a falling U.S. dollar but faced headwinds from stalled Iran negotiations and persistent inflation concerns.
Oil Prices Rally on Strait of Hormuz Bottleneck Despite Truce
Oil prices climbed Thursday as traffic through the critical Strait of Hormuz stayed severely constrained, with only seven vessels transiting in 24 hours. Brent crude rose 1% to $95.65, while WTI surged 3.2% to $97.39.
European Gas Prices Steady Near €44 as Supply Fears Ease
European natural gas prices stabilized near 44 euros per megawatt-hour as the EU downplayed immediate supply threats. Goldman Sachs revised its price forecast lower, citing potential for volatility if shipping disruptions persist.
Silver Surges Past $76 as Dollar Weakens, Fragile Ceasefire Stirs Markets
Spot silver climbed 2.9% to $76.24 per ounce on Thursday, extending recent gains. The rally was fueled by a weaker U.S. dollar and a precarious ceasefire between the U.S. and Iran, with traders awaiting key inflation figures.
Gold Rebounds as Dollar Weakens, Traders Eye Iran Ceasefire and CPI Data
Gold prices advanced sharply on Thursday, buoyed by a softer U.S. dollar and lower Treasury yields. Market focus remains on geopolitical tensions and upcoming U.S. inflation figures.
Gas Price Relief Stalls as Strait of Hormuz Blockade Persists
A recent U.S.-Iran ceasefire has failed to quickly reopen the vital Strait of Hormuz, keeping oil supply constrained and gasoline prices elevated. Brent crude rebounded 3% on Thursday, signaling a persistent risk premium in the market.
Occidental Petroleum Shares Drop Amid Oil Price Retreat, CEO Succession in Focus
Occidental Petroleum stock declined in premarket trading, tracking lower oil prices after a U.S.-Iran ceasefire. Wolfe Research lifted its price target to $70, but analysts remain cautious ahead of CEO Vicki Hollub's expected retirement and first-quarter results due May 5.
Gasoline Prices Defy Oil Drop, California Faces $7.50 Per Gallon
National gasoline averages held above $4 per gallon Wednesday despite falling crude prices, with California drivers facing prices nearing $7.50 in some areas as refinery issues and logistical challenges compound geopolitical pressures.
Oil Prices Surge Amid Hormuz Blockage, OPEC+ Move Fails to Ease Supply Crunch
Oil prices climbed Monday with WTI closing at $112.41 and Brent at $109.77 as the Strait of Hormuz remains largely blocked. OPEC+'s modest production increase fails to offset significant supply disruptions.
U.S. Natural Gas Gains on Late Cold, But Oversupply Concerns Loom
U.S. natural gas futures advanced Monday as a late-season cold wave increased heating demand, though elevated storage levels and a bearish long-term price outlook from the EIA tempered the rally.
Silver Retreats as Rate Cut Hopes Dim and Middle East Tensions Stoke Inflation
Silver declined 0.9% as major banks pushed back Fed rate cut projections. Escalating Middle East tensions threaten higher oil prices, potentially keeping inflation elevated and central banks on hold.
Gold Steadies Near $4,670 Amid Iran Deadline, Fed Rate Outlook
Gold traded near $4,670 an ounce on Monday, stabilizing after early losses as markets weighed geopolitical tensions and shifting interest rate forecasts. Spot gold was little changed at $4,669.27.