Oil jumps nearly 4% as Hormuz stalemate outweighs surprise US crude build
Brent settled up nearly 4% at around $103 a barrel and WTI rose about 2% to around $92 on Wednesday,…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
Saudi Pipeline Restart and Hormuz Workarounds Swing Oil Prices
Saudi Arabia's East-West pipeline restart pulled oil prices lower this week, but Hormuz-area workarounds are costing exporters record freight rates….
Gold Holds $4,311 Support as Bearish Momentum Fades
Gold is trading at $4,321.25 on the five-hour chart, holding just above the $4,311 support level for the second time…
US Crude Stockpiles Rise 3 Million Barrels as Gasoline, Distillate Supplies Fall
US crude stockpiles rose by 3 million barrels last week even as gasoline and distillate supplies fell, the EIA reported….
Goldman Sachs’ Fed rate call hinges on a sustained oil price pullback
Goldman Sachs expects the Fed to deliver one more rate hike on Oct. 27 and then pause, a call that…
