US crude oil inventories post largest weekly build since January 2023
US commercial crude oil inventories jumped 17.4 million barrels in the week ended August 7, the largest weekly gain since…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
BP and Shell Post Big Profit Jumps as Iran War Lifts Oil Prices
BP and Shell both posted sharp profit gains this quarter, driven by the same Iran-war-driven surge in oil and gas…
Oil dips as OPEC, IEA cut 2026 demand outlook while Iran talks stall
Oil prices slipped on Wednesday after both OPEC and the IEA cut their 2026 demand forecasts, while a stalled Iran…
Gold tests weekly high as cooler CPI report eases rate-hike bets
Gold climbed $67 to $4,434, edging just above the weekly high set a day earlier. An in-line CPI report cooled…
Oil climbs for a sixth day as Hormuz attacks and Iran deadlock tighten supply
Brent and WTI crude extended a multi-day rally on Wednesday after attacks on two ships in the Strait of Hormuz…
