Gold Drops 1.8% on Hot CPI, but Analysis Calls Selloff a Rate-Fear Overreaction
Gold fell to $4,080 after a warmer-than-expected September CPI report, then recovered some of the drop. An Investing.com analysis argues…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
Brent Holds Near $105 as Wars and Attacks Keep Oil Markets on Edge
Oil prices stayed rangebound this week, with ICE Brent around $105 per barrel. Hurricane-related shut-ins no longer support prices, so…
Supertanker rates fall from record highs as Middle East attacks curb demand
Supertanker freight rates fell this week from record highs. Demand eased after a wave of attacks on vessels in the…
U.S. Crude Oil Stocks Fall 8.6 Million Barrels as WTI Climbs Above $97
U.S. commercial crude oil inventories fell 8.6 million barrels in the week ending October 9, the EIA reported. WTI rose…
ExxonMobil signals $4.5 billion refining profit boost as margins soar
ExxonMobil said higher third-quarter refining margins could lift its downstream profit by $4.5 billion from the previous three months. Margins…
