Goldman Sachs Sees Brent Crude Hitting $120 if Hormuz Disruptions Persist Through 2027
Goldman Sachs has raised its oil price target, forecasting Brent crude could reach as high as $120 a barrel if…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
Oil Nears $100 as Houthi Strikes Hit Saudi Sites and US Strikes Iranian Tankers
Oil prices jumped above $99 a barrel Tuesday, the highest in three months, after Houthi missile and drone strikes hit…
Gold falls as Fed hike bets and oil-fuelled inflation fears weigh
Gold Futures declined 0.6% on Tuesday as rising bets on a Federal Reserve rate hike and oil-driven inflation fears outweighed…
OPEC+ holds output steady, but the Hormuz closure is what sets fuel prices now
OPEC+ held October production quotas steady on Sunday, Sept. 6, but the decision barely moved prices because the Strait of…
Global Diesel Supply Crunch Set to Last Through Winter
A global diesel shortage will run through the winter as lost Russian and Middle Eastern refining capacity fails to return,…
