Crude oil settles at $84.50 as Hormuz risk premium builds
WTI crude settled sharply higher as reduced shipping traffic through the Strait of Hormuz kept a geopolitical risk premium in…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
Iran seizes UAE-owned tanker in Strait of Hormuz, sending oil to session high
Iran reportedly seized a UAE-owned tanker in the Strait of Hormuz, extending a string of attacks on vessels linked to…
U.S. copper imports hit 12-year high as LME stocks crash
U.S. importers brought in more than 200,000 tonnes of refined copper in July, the largest monthly volume in twelve years,…
Tether Gold perpetual contracts hit $2 billion in daily volume on Binance
Tether Gold perpetual contracts on Binance now generate roughly $2 billion in daily trading volume, up from about $1.5 million…
Canadian oil producers step back from hedging as crude hits multiyear highs
Canadian oil producers are reportedly pulling back from hedging as crude prices sit near multiyear highs, echoing a move already…
