Copper Hits Record High as Supply Squeeze, Not Growth, Drives Rally
Copper surged to a record high Thursday, with U.S. futures touching around $6.90 a pound before retreating into the close….
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 Rallies 4.8% in Its Best Week Since February as Inflation Worries Return
Front-month gold futures jumped 4.8% this week to $4,242 an ounce, their largest one-week percentage gain since the week ending…
Oil jumps on Iran-Oman Hormuz shipping framework and reported Iranian strikes
Oil surged Thursday: Brent crude climbed as much as 4.7% to $83.19 a barrel after a report of an Iran-Oman…
Gold slips 0.3% as firmer dollar and rebounding oil offset Hormuz optimism
Gold eased on Thursday as a firmer dollar, rebounding oil prices, and climbing Treasury yields pulled bullion back from its…
US oil imports from Saudi Arabia fall to zero in July, first time in 40 years
US refiners imported zero barrels of Saudi Arabian crude oil in July, the first full month without such shipments since…
