Commodities
Sanctioned Tanker Oil Spill Spreads Off Oman Coast
An oil spill originating from a vessel under Western sanctions against Russia has spread over a significant area off the coast of Oman.
UK Financial Watchdog Prepares New Rules for Tokenized Gold
The Financial Conduct Authority is expected to release updates on its framework for tokenized digital assets in the coming months.
Iraq Raises September Crude Oil Official Selling Prices for Asian Buyers
State-owned SOMO has adjusted its official selling prices upward for crude shipments heading to Asia in September.
London Gas Oil Tests Fibonacci Support Following Failure at $1,328
London gas oil prices retreated after failing to sustain levels above $1,328, moving to test key Fibonacci support.
Copper Tests $6.58 Support Following Rejection at Recent Highs
Copper prices pulled back from recent highs to test the $6.58 support level in live market trading.
Gold Reaches $4,415 Peak as RSI Hits Overbought Level of 77
Gold prices touched an overbought peak of $4,415, pushing the Relative Strength Index to 77.
Brent Crude Oil Trades Near $83.78 Within Bear Flag Pattern
Brent crude oil is currently trading near $83.78 as technical indicators point toward a potential bear flag formation.
Silver Stalls Below $65.50 Resistance Following V-Recovery
Silver prices faced headwinds near the $65.50 resistance level after completing a sharp V-shaped recovery in recent trading.
Gold Holds Near Seven-Week Highs Amid Iran Uncertainty and Fed Outlook
Gold prices remained steady close to seven-week highs as market participants evaluated geopolitical risks surrounding Iran and future Federal Reserve monetary policy.
Crude Oil WTI Trades Near $78.27 Amid Bear Flag Formation
West Texas Intermediate crude oil remains pressured near $78.27 as technical indicators point toward a potential bear flag pattern.
Oil Prices Rise on Persistent Strait of Hormuz Disruptions and Houthi Attacks
Crude benchmarks advanced as the reopening of the Strait of Hormuz remained elusive amid ongoing Houthi attacks.
Brent Crude Surges Past $83 as Middle East Tensions Escalate
Brent crude climbed above $83 a barrel following attacks on Saudi Arabia by Yemen’s Iran-linked Houthi movement, as broader markets react to rising geopolitical conflict.
Natural Gas Prices Stabilize Near $2.75 Following Market Volatility
Natural gas futures rebounded to trade near the $2.75 level following a period of sharp price spikes and market volatility.
Oil Prices Rise Amid Uncertainty Over Strait Reopening
Crude futures advance as markets monitor ongoing disruptions and uncertainty surrounding the reopening of a key shipping lane.
Yemen’s Houthis Target Saudi Aramco Jazan Refinery, Fire Extinguished
Yemen's Houthi movement claimed responsibility for an attack on Saudi Aramco's Jazan refinery, which resulted in a fire that was successfully extinguished.
Iran Signals Potential Strait of Hormuz Agreement, but Waterway Remains Closed
Iranian officials indicate a deal regarding the Strait of Hormuz is nearing completion, though it remains insufficient to reopen the vital shipping lane.
Oil Prices Plunge and European Markets Rally as Trump Halts Iran Strikes
Brent crude dropped 5% and equities advanced following the US president's decision to call off military strikes on Iran.
Oil Profits Surge Amid Middle East Conflict as Trump Criticizes Energy Sector
Major energy companies reap heightened profits driven by conflict-related price spikes, drawing sharp political criticism.
Gold Heads for Best Week Since January on Soft US Payrolls
Gold prices are on track for their strongest weekly gain since late January following US jobs data that reduced expectations for Federal Reserve interest rate hikes.
Strait Reopening Outlook: Key Factors for Energy Markets
Analysts outline key variables and market indicators to monitor as global attention turns to the eventual reopening of a vital maritime chokepoint.
Supertankers Vanish Through Strait of Hormuz, Prompting Shipping Concerns
Analysis notes a sudden drop in visible supertanker traffic through the Strait of Hormuz, a key oil transit route, raising questions about routing and supply dynamics.
Hormuz Tensions Are Fast‑Tracking the US Shale Resurgence
With the Strait of Hormuz again a flashpoint, investors are betting on domestic oil supply, reshaping the global oil narrative beyond OPEC dominance.
Why Hormuz Tensions Are Driving Up Shipping Insurance and Squeezing Refiners
As Iran and Oman edge toward a Hormuz reopening, the real price shock is coming from soaring marine insurance premiums that are adding a hidden cost to crude and tightening refinery margins.
Iran says Oman deal near completion, US must act to open Hormuz
Iran announced that negotiations with Oman are in their final stages, but called on the United States to take steps to reopen the Strait of Hormuz for shipping.