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…
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 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…
Oil Slides Further as U.S.-Iran Tensions Ease and Hormuz Deal Advances
Oil prices extended losses on Wednesday as easing fears of Gulf military conflict and progress toward an Iran-Oman deal on…
Gold Slips Ahead of Key U.S. Inflation Data
Gold edged lower on Wednesday as traders positioned ahead of the U.S. Personal Consumption Expenditures report and Fed chair Warsh's…
