USO oil fund gains 58% since the Iran war began, outpacing WTI crude futures
The United States Oil Fund has gained 58% since the U.S.-Israel war with Iran began at the end of February,…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
Europe’s gas storage sits just above 50% full as diesel stocks hit 2022 lows
European gas storage is only just above 50% full during active refill season, and diesel inventories sit at their lowest…
Gold trades below every major moving average as the Fed decision nears
Gold trades below every major moving average on the daily chart, and each bounce this month has failed within $100…
Gold jumps more than 1% as Fed holds rates for fifth straight meeting
Gold rose more than 1% on Wednesday after the Federal Reserve left its benchmark rate unchanged for a fifth consecutive…
CENTCOM redirects 20 vessels in Iran blockade as Glencore expects $3 billion trading profit
CENTCOM says its forces have redirected 20 commercial vessels, disabled two and boarded two others while enforcing the U.S. blockade…
