US oil reserve falls below 300 million barrels as crude jumps on fading Iran deal hopes
The US Strategic Petroleum Reserve fell to 298.7 million barrels last week, its lowest level since 1983, as oil prices…
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 climbs 4% as Iran rules out U.S. talks, ties Hormuz reopening to unmet demands
Oil prices jumped 4% on Monday, rebounding from a weekly slide of more than 7%, after Iran ruled out direct…
Gold Posts Best Weekly Gain Since January on Weak U.S. Jobs Data
Gold jumped roughly 7% last week, its best weekly gain since January, after an unexpectedly weak U.S. jobs report cooled…
Trump Faces Rising Pressure to Restrict U.S. Oil Exports
The Trump administration says it has no plans to ban exports of oil or natural gas products, even after reports…
Gold’s Almost 7.5% Rally Hinges on Wednesday’s US CPI Report
Gold's breakout above $4,000 now hinges on Wednesday's US inflation data. A weak jobs report drove last week's surge, but…
