Oil settles 5% higher as Iran, US trade compensation demands over Hormuz
Oil settled 5% higher on Monday after Iran and the United States traded demands for compensation, dimming hopes for a…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
Gold Hits New Multi-Year High Near $4,441 as Momentum Turns Overbought
Gold pushed to a fresh multi-year high near $4,441.65 on Aug. 10, clearing the mid-June peak and extending a four-day…
U.S. oil jumps 5% as doubt grows over U.S.-Iran deal to reopen Strait of Hormuz
Oil prices jumped Monday as doubt grew that Washington and Tehran will reach a deal to reopen the Strait of…
European gas prices stay elevated as Iran-Oman Strait of Hormuz talks yield no breakthrough
Dutch TTF benchmark prices are hovering between €56 and €61 per megawatt-hour after Iran-Oman talks over shipping through the Strait…
US oil reserve falls below 300 million barrels as crude jumps on fading Iran deal hopes
The US Strategic Petroleum Reserve fell to 298.7 million barrels last week, its lowest level since 1983, as oil prices…
