Oil prices stabilized on Thursday (February 12th), as the market reassigned a risk premium to US-Iran tensions despite US inventory data showing swelling domestic supplies. This movement confirms one thing: geopolitical headlines are still more "noise" than signals of a short-term surplus. As of 3:50 PM WIB, Brent was at $69.60/barrel (+0.29%) and WTI was at $64.83/barrel (+0.31%). The gains were moderate, but enough to keep prices near the psychological $70 level for Brent. From a geopolitical perspective, market focus is on the potential for escalation in the Middle East. Recent reports...
Global oil prices remain high despite concerns about oversupply. Traders are now more focused on geopolitical tensions, from Venezuela to Russia and Iran, which have the potential to disrupt global energy supplies. This situation has kept the market cautious, even though the annual trend for oil prices remains weak. Venezuela has reportedly begun shutting down several oil wells in the region with the world's largest reserves due to the United States blockade. Meanwhile, US President Donald Trump claimed his country had attacked a facility within the country. Tensions also escalated after...
Silver prices stabilized after experiencing their biggest drop in more than five years in the previous session, amid profit-taking following a strong year-end rally. Silver held above $71 an ounce on Tuesday, despite falling 9% in the previous session. Gold was little changed, trading around $4,340, after falling 4.4%. The decline was driven by technical indicators suggesting excessively rapid price increases, coupled with thin market liquidity, which exacerbated price fluctuations. Despite Monday's decline, both gold and silver remain on track for their best annual performance since 1979....
Oil prices rose more than $1 a barrel on Monday (December 29th) as Russia accused Ukraine of attacking President Vladimir Putin's residence, while traders braced for potential supply disruptions in the Middle East due to escalating tensions in Yemen. Brent crude futures rose $1.30, or 2.1%, to $61.94 a barrel. U.S. West Texas Intermediate crude futures rose $1.34, or 2.4%, to $58.08. On Monday, Russia accused Ukraine of launching a drone attack on the Russian president's residence in northern Russia, prompting Moscow to now plan to review its position in peace talks. Ukraine rejected...
Gold prices plunged more than 4% to below $4,350 an ounce on Monday as investors secured profits after a string of record highs, with tentative progress in U.S.-Ukraine peace talks weighing on safe-haven demand despite ongoing uncertainty. President Donald Trump said negotiations with Ukrainian President Volodymyr Zelenskiy had made significant progress, although a final agreement is still weeks away. Zelenskiy noted that the framework is largely in place and U.S.-Ukraine security guarantees have been finalized, while core issues such as control over the Donbas region remain unresolved. At...
Oil prices reversed course after Friday's decline as US-led talks to end Russia's war in Ukraine failed to produce a breakthrough, and China pledged to support growth next year. West Texas Intermediate (WTI) prices reached over $58 per barrel, while Brent neared $62. The US has stepped up efforts to end the war, but sticking points remain, highlighting the difficulty of reaching a deal. President Donald Trump said he had made progress in talks on Sunday with Ukrainian President Volodymyr Zelenskiy at Mar-a-Lago. Zelenskiy said he asked Trump for security guarantees for 30 to 50 years. An...
Gold (XAU/USD) drops sharply on Monday, down 4.50% and trading near $4,330 at the time of writing, after hitting a fresh all-time high at the end of last week. The precious metal is facing strong profit-taking in a thin liquidity environment ahead of the year-end holidays, which is amplifying the corrective move following the sharp rally seen in recent months. A moderate rebound in the US Dollar (USD) is also adding pressure on Gold, as it makes the metal more expensive for non-US buyers. This recovery in the Greenback comes as some investors adjust their positions before the end of the...
Oil prices rose in European trading on Monday after sharp declines in the previous session, as U.S.-led talks to end the war in Ukraine failed to deliver a breakthrough, although gains were capped by persistent supply surplus worries heading into 2026. Brent Oil Futures expiring in February rose 1.8% to $61.34 per barrel, while West Texas Intermediate (WTI) crude futures also climbed 2% to $57.88 per barrel. Both contracts fell more than 2.5% on Friday, erasing most of the gains accumulated earlier in the week. Get premium crude market insight with InvestingPro - 55% off todayOil prices...
Global gold prices have declined in recent days despite ongoing geopolitical tensions, including the Israel-Iran conflict. This decline occurred as investors took profits after gold prices had risen sharply as a hedge. Furthermore, the absence of any major escalation in the near future has calmed the market, resulting in a temporary decline in gold demand. Other factors weighing on gold prices are the strengthening of the US dollar and expectations that the US Central Bank (the Fed) will not immediately lower interest rates. A stronger dollar makes gold more expensive for global investors,...
Gold rises in the early Asian trade. There's a broad commodities uptrend, driven by macro uncertainty, a weaker dollar, and persistent demand for "hard" assets, says Fawad Razaqzada, market analyst...
Oil extended declines after OPEC+ agreed to a bigger-than-expected production increase next month, raising concerns about oversupply just as US tariffs fan fears about the demand outlook.
Brent...
The Japanese Yen (JPY) weakened against its US counterpart and reversed part of Friday's recovery from the lowest level since July 23 following Bank of Japan (BOJ) Governor Kazuo Ueda's remarks....