Gas and oil retreat on profit-taking as Hormuz standoff and Europe’s drought tighten supply
European gas and oil prices pulled back on profit-taking after a sharp rally, but the retreat masks a tightening supply…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
Crude Oil WTI Holds $81.20-$84.80 Range as Momentum Fades
Crude Oil WTI is trading near $82.24, down 1.24% on the day, stuck inside a $81.20-$84.80 range that has trapped…
Gold Flashes Bearish Reversal Warning After Retreat to $4,433.92
Gold's 5-hour chart has flashed a bearish reversal warning, with price retreating to $4,433.92 after a parabolic run toward $4,508.97….
Gold slips 0.5% as traders weigh soft US CPI against Fed rate caution
Gold fell 0.5% to $4,388.64 an ounce on Thursday, retreating from a two-month high touched a day earlier. Traders weighed…
Oil Eases as Weaker Demand Outlook Counters Mideast Supply Risk
Oil prices slipped on Thursday as a surprise build in U.S. crude stocks and weaker demand forecasts from OPEC and…
