Brent crude climbs 3.8% to $87.26 as US and Iran resume strikes
Brent crude rose 3.8% to $87.26 a barrel on Wednesday morning after the US military said it knocked down an…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
U.S.-Saudi consortium plans $5 billion Gulf refinery outside the Strait of Hormuz
A U.S.-Saudi consortium named MERA Oil is advancing plans for a $5 billion refinery in the Persian Gulf with a…
Gold holds near weekly lows as traders hedge into the FOMC decision
Two catalysts are pinning gold near weekly lows: today’s FOMC decision and a renewed escalation on the US-Iran front. The…
Gold edges up before Fed decision as oil rebound revives inflation concerns
Gold edged up 0.4% to $4,043.38 an ounce on Wednesday as investors held back before the U.S. Federal Reserve’s policy…
ADNOC Continues UAE LNG Exports Through Hormuz Despite Strike Threat
The UAE keeps shipping liquefied natural gas out of the Persian Gulf despite the threat of strikes in the Strait…
