August 18, 2026 1:34 pm
Key Moments LME three-month copper has traded above $14,000/t, moving close to record levels as nearby market conditions tighten. Tom-next and cash/3m spreads have surged to premiums of $75/t and $545/t, respectively, underscoring acute tightness in spot supply. US-bound shipments ahead of potential tariffs, along with Chinese buying, have drained LME inventories, which remain near […]
Read moreAugust 18, 2026 1:25 pm
Key Moments Commerzbank’s Norman Liebke links European gas storage levels over winter directly to the pace of LNG import inflows. At the current LNG inflow rate of 8 bcm per month, gas storage is projected to trend toward 0% by March. Upside risks to both European gas and electricity prices are highlighted amid strong Asian […]
Read moreAugust 18, 2026 9:55 am
Key Moments Brent crude futures traded at $91.22 a barrel and U.S. WTI at $85.31 a barrel by 0827 GMT, marking a third consecutive session of gains. Expectations for a U.S.-Iran peace deal diminished as Washington declined to prolong a temporary ceasefire and Iran signaled a shift to a more offensive posture. Tensions in key […]
Read moreAugust 18, 2026 7:13 am
Key Moments WTI trades around $84.20 in a consolidation phase after reaching an over two-week high during the Asian session on Tuesday. Price action stays above the 38.2% Fibonacci retracement of the July-August decline, with RSI near 56 and MACD above zero and rising. Upside remains capped by a confluence barrier at $86.65-$86.70, reinforced by […]
Read moreAugust 18, 2026 7:03 am
Key Moments XAU/USD trades with modest losses below $4,400, halting a two-day advance heading into the European session on Tuesday.
Read moreAugust 18, 2026 6:19 am
Key Moments XAG/USD trades around $65.60 per troy ounce after two days of gains, pressured by heightened US-Iran tensions.
Read more