Crude oil slips below support as G7 confirms stockpile release plan
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…
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…
Silver prices stabilize near recent lows after dovish Federal Reserve comments lessen the likelihood of an October rate increase.
Gold trades in a narrow range below $4,200, with focus on the upcoming US non-farm payrolls report.
The US is pressuring Germany and France to release 120 million barrels of diesel from strategic reserves as global supply tightens, sparking a political…
The US has warned Germany and France to release diesel reserves or face a potential export ban.
China halted fuel exports for October and Russia extended its diesel ban, potentially raising inflation and giving the Fed reason to hike rates, which could…
Gold rises $9 to $4,169 but remains capped by the 100-hour moving average, keeping sellers in control.
Goldman and JPMorgan see Gulf crude exports back near normal, but refined product flows remain weak.
Morgan Stanley outlines three supports for gold despite a 3.8% decline this year: central bank buying, bond intervention, and oil-linked inflation.
Gold rose 0.4% to $4,170 but remains below $4,200 as elevated Treasury yields limit recovery conviction.
Marco Rubio ordered Iran's UN delegation out of the US after talks stalled, Axios reported. The move showed deep distrust between the two countries.
Crude oil futures traded at $91.25 after rebounding from support near $88.80, with key resistance at $91.45.
US crude inventories rose 922,000 barrels, defying draw expectations, while product draws were larger than forecast.
Crude oil fell as US-Iran negotiations eased tensions and the US offered 40 million barrels from its strategic reserve.
Goldman Sachs says Persian Gulf oil exports, including dark flows, have returned to the 2025 average after doubling in September, with Saudi Arabia leading…