12+ hour, 9+ min ago   (641+ words) Oil fundamentals sharply tightened Monday following the closure of Saudi Arabia’s East-West pipeline as a result of drone attacks. The pipeline carries about 4 million barrels a day to the Red Sea port of Yanbu, representing about 4% of global supply. Industry…...

14+ hour, 11+ min ago   (856+ words) Early Monday at 03:10 GMT, Spot Gold (XAUUSD) is trading at $4,336.10, down $13.32 or 0.31%. The session high is $4,355.41 and the low is $4,326.35. Spot gold rebounded Friday after testing its lowest level since September 2. Core CPI came in above expectations with Treasury yields…...

4+ day, 4+ hour ago   (329+ words) WTI and Brent test bullish breakouts as U.S.-Iran tensions raise supply disruption fears, with technical momentum and geopolitical risks supporting oil prices. The light sweet crude oil market gapped higher to kick off the trading session on Thursday, pulled back…...

3+ day, 23+ hour ago   (572+ words) Natural gas attempts to rebound as traders react to the EIA Weekly Natural Gas Storage Report. The report indicated that working gas in storage increased by +40 Bcf from the previous week, compared to analyst consensus of +31 Bcf. Interestingly, higher-than-expected build…...

4+ day, 1+ hour ago   (938+ words) Spot gold dropped more than $60 Thursday after traders looked past an as-expected Producer Price Index and sold the metal on crude oil and Treasury yields instead. WTI moved back above $100 a barrel. The 10-year yield broke above 4.90% to its highest…...

4+ day, 4+ hour ago   (119+ words) with the S&P 500 testing 7,600 and markets bracing for CPI-driven volatility. The markets will remain very on edge, I suspect, with interest rates, the PPI numbers coming out during the day, CPI coming out tomorrow, and the war headlines. If…...

4+ day, 11+ hour ago   (692+ words) Shipping data confirm these concerns, as only seven ships passed through the Strait of Hormuz yesterday, compared to 12 a day earlier, as well as the ten day average of fifteen. Worryingly, no LNG ship went out of the Strait. One…...

4+ day, 13+ hour ago   (280+ words) The daily chart for WTI crude oil shows that the price has broken above the $92.50 resistance area and pushed toward the $97 level. The price action after the breakout from the triangle pattern shows strong bullish momentum in the short term....

4+ day, 23+ hour ago   (460+ words) Natural gas remains under pressure as traders stay focused on cooler weather forecasts and bet on weaker demand. From the technical point of view, natural gas settled below the 50 MA at $2.92 and pulled back towards the nearest support, which is…...

5+ day, 3+ hour ago   (262+ words) WTI crude oil pushes above $95 as an ascending triangle breakout and supply concerns put the key $100 level firmly in focus. The light sweet crude oil market has rallied a bit during the early part of the trading session here on…...