Crude oil dips as sellers test support near key midpoint
Crude oil falls 1.5% as sellers break below key levels, but the 50% midpoint near $86.83 holds.
Crude oil falls 1.5% as sellers break below key levels, but the 50% midpoint near $86.83 holds.
Gold fell 0.3% to $4,125 as Treasury yields surged, but SPDR Gold Trust holdings remained near multi-month highs, indicating investors have not abandoned the…
WTI crude oil stabilizes near $88, but faces resistance at $90-$91. Buyers must hold $89.50 and clear $90 for further gains.
Hormuz crude flows are near 76% of prewar levels, but refined fuel shipments stay low and diesel prices remain high; full recovery is not seen before 2027.
President Trump signed an order removing the restriction on tax-exempt red-dyed diesel, allowing all buyers to purchase it as diesel prices stay elevated.
Bundesbank chief Nagel says central banks should keep buying gold despite high yields, citing geopolitical risk and debt concerns.
Crude oil rallied on Middle East supply concerns; technical levels at $90.77 and $91.85 are key.
Oil fell after G7 agreed to release 100 million barrels from emergency reserves and as Middle East crude exports rose. Bitcoin and gold gained.
Crude prices fell in early Monday trade as supply-side relief from G7 releases and Gulf exports outweighed geopolitical risks from Houthi attacks.
Russian officials say tests on a plague lab worker who died found no pathogen; 189 under observation for three weeks.
The ANZ World Commodity Price Index increased 0.6% in September, led by oil-driven rises in milk powder and aluminium, while a weaker New Zealand dollar…
Asian gold producers are refining more domestically and taxing exports, tightening global supply amid record prices.
Gold futures remain bearish below 4195, with first support at 4155. Bulls need a move above 4217 to shift the short-term outlook.
The LBMA faces a lawsuit over two deaths in Tanzania that could leave it insolvent, threatening the $1 trillion-a-week London gold market.
Oil prices fell sharply after the G7 confirmed the release of up to 100 million barrels from strategic stockpiles, pushing WTI and Brent below a key technical…