U.S. military says it aided passage of 660 million barrels of oil through Strait of Hormuz since May
U.S. Central Command has helped tankers move more than 660 million barrels of crude oil through the Strait of Hormuz…
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 heads for biggest monthly gain since 1999 as dollar weakens
Gold is heading for its biggest monthly gain since 1999, up more than 13% in August, as the US Treasury's…
Equinor Secures Three-Year Crude Deal to Supply ORLEN’s European Refineries
ORLEN has signed a three-year deal to buy Norwegian crude from Equinor, with volumes reaching over nine million metric tons…
Gold Rallies to $4,585 as Treasury’s Bond Buyback Plan Fuels ‘Debasement Trade’
Gold rose 1.5% to about $4,585 a troy ounce on Friday and is on track for its biggest monthly gain…
WTI Crude Rallies 5.91% as Iran Ceasefire Collapses and Hormuz Traffic Stays Restricted
October WTI crude futures gained 5.91% this week to $86.31 as the Iran ceasefire expired and Strait of Hormuz shipping…
