Oil Falls as Iran-Oman Strike Hormuz Deal, Russia Threatens Ukraine Escalation
Oil prices fell Wednesday as diplomatic progress toward reopening the Strait of Hormuz outweighed renewed Russia-Ukraine tensions in a volatile…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
Oil’s War Premium Unwinds Faster Than Gulf Supply Can Recover
West Texas Intermediate fell to $80.52 on Wednesday, its third straight down session, as diplomatic progress on reopening the Strait…
Gold Slips 1.4% as Firmer Dollar Follows Mixed US Inflation Data
Gold slipped on Wednesday as a firmer dollar followed mixed US inflation and growth data that left the Federal Reserve's…
Aramco routes Saudi crude to China through ship-to-ship transfers outside Hormuz
Saudi Aramco is routing more crude oil to Asia through ship-to-ship transfers outside the Strait of Hormuz rather than sending…
Oil Drops as Iran and Oman Advance Temporary Hormuz Shipping Corridor
Brent crude fell for a third straight session as Iran and Oman advanced a temporary shipping corridor through the Strait…
