Trump presses refiners for cheaper gasoline, but U.S. plants are already maxed out
President Trump pressed U.S. oil executives to lower gasoline prices immediately, but refiners have run above 95% utilization for the…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
US-Iran tensions push Brent crude 1% higher as Strait of Hormuz risk grows
Brent crude has climbed as renewed US-Iran hostilities raise fears of disruption at the Strait of Hormuz, a key chokepoint…
Citi lifts 3Q26 Brent forecast to $86 a barrel but keeps 2027 view at $65
Citi raised its third-quarter 2026 Brent forecast to $86 per barrel in a research note published on September 3, while…
US diesel prices hit record high as conflicts intensify supply crunch
The U.S. national average diesel price climbed to a record $5.820 a gallon on Thursday, topping the prior high set…
Brent Crude Tops $96 as Kuwait Reports Iranian Missile and Drone Attack
Kuwait's military said Thursday it was engaging Iranian missiles and drones, widening a conflict now in its seventh month beyond…
