Oil Splits as Hormuz Deal Hopes Meet Surprise US Crude Build
Oil traded mixed on Wednesday as hopes for a US-Iran de-escalation over the Strait of Hormuz offset a surprise build…
Commodities News
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Oil Seesaws as Hormuz Deal Hopes Clash With Houthi Tanker Attacks
Oil prices swung Wednesday as hopes for a U.S.-Iran deal to reopen the Strait of Hormuz collided with new Houthi…
Houthis Claim Missile Strikes on Two Saudi Oil Tankers in Red Sea, Gulf of Aden
Yemen's Houthi movement said it fired missiles at two Saudi oil tankers on Wednesday, one off the Red Sea port…
Gold jumps 4.4% to $4,258.18 as Hormuz deal hopes and weaker dollar drive rally
Spot gold jumped 4.4% to $4,258.18 an ounce on Wednesday, its best one-day gain since early February, as a weakening…
US distillate fuel exports hit record 1.9 million barrels per day
The US shipped a record 1.9 million barrels per day of distillate fuel last week as domestic inventories kept falling,…
