Silver nears $70.69 as breakout structure targets $72.26 and $74.98
Silver has broken back into a bullish structure, trading near $69.71 after reclaiming its daily equilibrium level. Analysts point to…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
UBS raises gold target to $5,400 an ounce, backs de-dollarization trend
UBS has raised its 12-month gold target to $5,400 an ounce, arguing that the shift away from the US dollar…
US diesel stockpiles hit record seasonal low as exports surge
US diesel and heating oil stockpiles fell to a record seasonal low of 103.4 million barrels in the week ending…
Oil Falls as Iran-Oman Strike Hormuz Deal, Russia Threatens Ukraine Escalation
Oil prices fell Wednesday as diplomatic progress toward reopening the Strait of Hormuz outweighed renewed Russia-Ukraine tensions in a volatile…
Oil’s War Premium Unwinds Faster Than Gulf Supply Can Recover
West Texas Intermediate fell to $80.52 on Wednesday, its third straight down session, as diplomatic progress on reopening the Strait…
