Latest commodities news and market analysis
US crude inventories decreased less than anticipated, while gasoline stocks fell and distillates saw a significant build.
The Euro's recent advance against the US Dollar faces headwinds from escalating oil and European natural gas prices, according to ING analys
The Bank of Canada maintained its key interest rate at 2.25%, noting signs of economic improvement and an expectation for inflation to ease.
Canada's central bank held its benchmark rate at 2.25%, observing domestic economic improvement alongside global uncertainties.
US equity futures recorded slight increases, building on previous gains, as attention remains divided between inflation data and geopolitica
Spain's annual inflation rate remained at 3.2% in June, consistent with the prior month, while core inflation saw a slight dip.
An ECB governing council member noted that recent Middle East developments have reignited concerns about inflation and economic growth.
The Euro advanced against the British Pound on Wednesday, driven by increasing oil prices and subsequent adjustments to European Central Ban
An ECB policymaker affirmed the central bank's commitment to achieving its inflation target, noting current data offers some flexibility.
Gold maintained modest losses during Asian trading, holding above $4,000, as Federal Reserve rate hike expectations curbed gains from a weak
Gold prices in Saudi Arabia experienced a downturn on Wednesday, reflecting broader movements in the international commodity markets.
US Consumer Price Index data for June showed a notable slowdown in inflation, primarily due to a significant decline in gasoline prices.
Asian markets advanced following cooler US inflation figures, boosting risk appetite and driving a significant rally in semiconductor shares
China's economic expansion in the second quarter registered its weakest pace in over three years, missing analyst projections.
US military actions near the Strait of Hormuz have intensified, targeting Iranian military sites and raising concerns about regional shippin
Gulf nations are developing new oil export infrastructure, potentially insulating a significant portion of their crude shipments from the St
Gold prices moved higher in early Asian trading Wednesday, reacting to US inflation data that suggested a potentially less aggressive Federa
Japan's central bank is closely monitoring if summer price increases, especially in food, become embedded in the economy.
President Trump confirmed US talks with Iran while indicating military pressure would continue, influencing energy market risk premiums.
US crude oil stockpiles saw a much smaller reduction last week than analysts had forecast, according to the latest API data.
A recent private survey indicated a modest reduction in US crude oil inventories, falling short of market expectations for a larger draw.
The US Dollar Index declined following softer-than-expected inflation data, while crude oil and gold prices experienced rallies.
Crude oil prices concluded the session higher, influenced by evolving US policy on the Strait of Hormuz and key technical levels.
Lucid Motors refutes bankruptcy rumors and denies engaging restructuring advisors, as its stock faces significant selling pressure.