US Crude Stockpiles Rise 4.4 Million Barrels as Saudi Imports Collapse
US crude oil inventories climbed 4.405 million barrels in the week ending August 14, blowing past the 0.200 million-barrel increase…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
Gold jumps 2.9% as Treasury doubles down on bond buybacks
Spot gold rose 2.9% to $4,458.43 an ounce on Wednesday after the U.S. Treasury said it plans to at least…
Platinum rallies 2.9% as Fed rate-hike odds collapse and supply deficit deepens
Platinum jumped 2.9% to $1,766.80 per ounce as fading Federal Reserve rate-hike odds and a weaker dollar lifted precious metals…
Oil eases as prediction markets narrow odds of a new record high
Oil pulled back intraday, with both WTI and Brent settling at $89.26 a barrel. Prediction markets now put the odds…
Oil Extends Gains for Fourth Day as Global Bond Selloff Deepens
Oil futures rose for a fourth straight day as prospects faded for a deal to end the Middle East conflict,…
