Brent crude tops $113 as Houthi attacks on Saudi Arabia escalate
Brent crude climbed to $113.75 on Friday after Houthi attacks on Saudi Arabia, an Aramco headquarters evacuation and a Libyan pipeline shutdown deepened supply worries.
Commodities News
Gold, silver, oil, natural gas and agricultural markets.
USD/CAD falls to 1.40 as oil rally and BoC hike bets lift Canadian dollar
USD/CAD fell for a sixth straight session to about 1.40, the loonie's strongest since September 22, as Brent crude near $111 and 80%-plus odds of a Bank of Canada rate hike did the pushing.
Northern Star gold sales fall 7.6% in Q1 but FY27 guidance holds
Northern Star Resources sold 363,891 ounces of gold in the September quarter, down 7.6% year on year, but held its full-year 1.5–1.65 million ounce guidance as the KCGM mill expansion entered commissioning.
Brent crude holds near five-month high after Houthi strikes on Saudi infrastructure
Brent crude changed hands at $110.10 on Tuesday morning, just under Monday's $110.70 five-month high, as Houthi strikes on Saudi infrastructure and record tanker freight rates kept a fat risk premium in the price. China's September data added another layer: refiners drew inventories at more than 500,000 barrels a day even as apparent demand slumped.
Ivanhoe Electric in talks to sell Santa Cruz copper as data center demand surges
Ivanhoe Electric is holding advanced buyer discussions for copper from its Santa Cruz project in Arizona, CEO Taylor Melvin told Bloomberg, as data centers and power grids drive record demand for the metal.
Oil prices fall as Trump waives sanctions on Russia
Crude gave back part of Friday's surge after Donald Trump waived key Russia sanctions, but vessel attacks in the Gulf and a fragile US-Iran backdrop keep the market on edge.
Silver price tumbles 5.3% in brutal week as hot CPI revives Fed hike bets
Silver suffered one of its worst weeks of the autumn, slumping 5.3% to an 11-month low as hotter-than-expected US inflation revived Federal Reserve rate-hike bets. Gold proved far more resilient, giving up only 0.5% on the week.
Natural gas price: 67 Bcf storage miss meets mild weather as November expiry nears
November natural gas futures closed Friday at $3.116 after a 67 Bcf EIA storage injection missed forecasts by a wide margin, while mild weather and a shrinking surplus set up a tense run into the October 28 expiry.
WTI crude tops $100 as traders price in a US strike on Iran
WTI crude settled at $100.63 on Friday, up 3% on the day and about 9% on the week, as desks bet the US could strike Iran — with Brent holding above $109 and natural gas sagging toward $3.10 on weak demand.
Brent crude tops $109 as Hormuz attacks and Ukraine refinery strikes tighten supply
Brent crude climbed past $109 a barrel on Friday as violence near the Strait of Hormuz and Ukrainian strikes on Russian refineries squeezed supply, while WTI retook $100 for the first time in nearly a month.
HSFO premium hits $50/ton as Hormuz ship-fuel squeeze tightens, Vitol says
High-sulphur fuel oil premiums have surged to $50 a ton from $5.10 in February as Hormuz ship-fuel flows stay down at least 800,000 tons a month and Russian refinery attacks cut another million, Vitol's Asia head told the SIBCON bunker conference this week.
Goldman Sachs starts AngloGold, Endeavour Mining at Buy on central-bank gold demand
Goldman Sachs put Buy ratings on AngloGold Ashanti and Endeavour Mining, with targets of $104 and 4,700p on the back of persistent central-bank gold buying; Gold Fields was rated Neutral with a $38 target.