Oil prices drop as Brent falls 2.5% and WTI slides below $81 on Hormuz deal hopes
Oil prices fell sharply on Wednesday as easing fears of Gulf military conflict and talk of an Iran-Oman deal over…
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 pulls back below $4,700 after early rally to $4,730.90
Gold futures opened above $4,700 for a second straight day on Wednesday before slipping back under that level. The metal…
Oil drops nearly 3% as Iran, Oman discuss Hormuz shipping corridor
Brent crude fell nearly 3% to $85.95 a barrel on Wednesday, its third straight daily drop, after Iran and Oman…
Gold holds near three-month highs as traders await US PCE data
Gold held near three-month highs around $4,650 an ounce on Wednesday as traders awaited the Federal Reserve's preferred inflation gauge….
Oil falls as Saudi Aramco reroutes supply around the Strait of Hormuz
Brent crude fell for a third straight session as Saudi Aramco steered more September cargoes around the Strait of Hormuz…
