Chinese demand surge and Strait of Hormuz disruption push crude oil toward record highs
Crude oil is climbing as surging Chinese demand meets a tightening physical market. The Strait of Hormuz remains effectively shut…
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 extends gains as US and Iran strike tankers in the Strait of Hormuz
Oil rose more than $1 a barrel on Monday after the US and Iran exchanged strikes on tankers in the…
Gold Holds Near $4,400 as Strong Payrolls and Hormuz Tensions Lift Fed Hike Bets
Gold held near $4,400 an ounce on Monday as a stronger than expected August jobs report and renewed attacks in…
Brent Oil Rises 0.8% After Reported US Strike on Iranian Tankers
Oil prices gained 0.8% at the open after a reported U.S. attack on Iranian tankers, pushing Brent crude near $96…
Hedge Funds Turn Most Bullish on Oil Since May as Diesel Hits Record $5.85
Hedge funds pushed their net-bullish Brent crude positions to a three-month high in the week to 1 September, but diesel…
