WTI Crude Oil Tests $80.37 as 200 SMA and VWAP Converge
WTI crude oil slipped to $80.37 on the 5-hour chart, landing directly on the 200-period simple moving average and the…
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 and Silver Pause as US Data and Warsh’s Jackson Hole Speech Loom
Gold and Silver are pausing after a sharp rally, with Wednesday's US economic data testing the yield channel that supports…
Oil Falls as U.S. Sanctions on Iran Prove Milder Than Expected, Hormuz Deal Hopes Rise
Oil prices extended their decline on Wednesday as easing fears of Gulf military conflict and progress toward an Iran-Oman deal…
Iran and Oman Restart Talks on Temporary Hormuz Shipping Corridor
Iran has restarted talks with Oman on a temporary corridor through the Strait of Hormuz as U.S. economic pressure on…
ConocoPhillips and Chevron Move Into Iraq’s Oil Fields as Baghdad Targets 8-10 Million Bpd
ConocoPhillips has agreed to buy a 42% stake in BP's Kirkuk oil venture, while Chevron advances two of southern Iraq's…
