US Rig Count Falls to 588 as Oil Prices Climb
The U.S. rig count dropped to 588 this week, according to Baker Hughes, with oil and gas rigs both pulling…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
Diesel prices climb toward 2022 record as Iran conflict squeezes global refining capacity
Diesel prices are closing in on their 2022 record as the Iran conflict knocks global refining capacity offline. Hedge funds…
Gold Breaks Above 200-Day Moving Average, Eyes $4,768.93 Target
Gold broke above its 200-day moving average and the 38.2% retracement of its 2026 trading range on August 21, extending…
Brent Crude Nears $100 as Hormuz Traffic Stalls and Trump Escalates Iran Pressure
Brent crude is closing in on $100 a barrel as Strait of Hormuz transits stay near a standstill and President…
Treasury Boosts Long-End Bond Buybacks as Gold Rally Tests Yield Spread Thesis
The Treasury is buying more long-end bonds to cap surging yields, and gold's rally still hinges on a Treasury yield…
