IMF says oil markets have spent all three shock absorbers as U.S.-Iran conflict threatens to restart
The International Monetary Fund says oil markets have used up the three shock absorbers that kept crude prices from setting...
Metals & Energy News
Latest news on metals and energy commodities — copper, platinum, palladium and other commodity markets beyond gold, silver and oil.
UBS upgrades Cameco to Buy as long-term uranium contract prices hit record highs
UBS raised Cameco to Buy from Neutral with a price target of C$166.00, treating the miner’s recent slide as sentiment...
Iranian agency reports oil tanker explosion after naval mine strike in Strait of Hormuz
An Iranian news agency linked to the country’s armed forces reports that an oil tanker exploded after hitting a naval...
Deadly Chile storm halts copper mines as supply deficit warnings mount
A storm in Chile has killed at least 13 people and forced Lundin Mining, Antofagasta and Codelco to halt copper...
Core PCE stays sticky near 3.4% after Trump says he loves the inflation
Core PCE, the inflation gauge the Federal Reserve watches most closely, has hardly moved even as headline inflation retreated in...
