April 16, 2026 11:39 am
Key Moments WTI Crude trades near $89.35, holding below $90.00 and staying within the prior session’s range. Sentiment improves after comments from US President Donald Trump on “productive” talks with Iran. Meanwhile, US EIA data showed a 0.913 million-barrel inventory draw, beating expectations for a build. WTI Price Action Centers on Geopolitics WTI Crude Oil […]
Read moreApril 16, 2026 9:22 am
Key Moments Rabobank’s Michael Every contends that oil futures prices are not adequately capturing ongoing war and supply disruption risks related to Iran and the Strait of Hormuz. He outlines outcomes from a potential broad US victory over Iran to extended blockades and deeper escalation that may only be reflected in physical oil markets. Recent […]
Read moreApril 16, 2026 8:33 am
Spot Silver held near a 1-month high on Thursday on the back of a softer US Dollar and lower Treasury yields amid optimism about a potential end to the Middle East conflict. US President Donald Trump said that he believed the war with Iran may be coming to a conclusion soon, while the White House […]
Read moreApril 16, 2026 6:49 am
Key Moments Gold (XAU/USD) trades around $4,835, close to a nearly four-week high after recovering from the prior session’s pullback. Expectations for progress in US-Iran diplomacy and waning odds of a Federal Reserve rate hike weigh on the US Dollar and underpin bullion. Ongoing geopolitical tension in the Gulf and Israel-Lebanon theater keeps safe-haven demand […]
Read moreApril 16, 2026 6:07 am
Key Moments XAG/USD trades just above $80.00, up 1.50% on the day. It recently touched a high near $80.50. Moreover, a move above the 200-period SMA on the 4-hour chart supports a bullish bias. Price also holds above the 50% Fibonacci retracement of the March decline. Meanwhile, resistance stands at the 61.8% Fibonacci level at […]
Read moreApril 16, 2026 6:00 am
Key Moments WTI trades just under $88.00, down about 0.40%. As a result, it extends a three-day losing streak despite rebounding from sub-$85.00 levels. Meanwhile, expectations for a prolonged US-Iran ceasefire continue to weigh on crude prices and dampen follow-through buying. However, heightened risks around the Strait of Hormuz and a US naval blockade of […]
Read moreApril 15, 2026 1:35 pm
Key Moments CME lithium carbonate futures trading reached 3,473 lots by Friday April 10, surpassing the previous monthly record of 2,373 lots set in March 2026. Daily trading volume hit an all-time high of 1,600 lots on April 2, with 1,404 lots on April 10 now ranking as the second-largest daily total. The forward curve […]
Read moreApril 15, 2026 1:25 pm
Key Moments ING strategist Michiel Tukker highlights that swings of $10 in Oil prices have been driving rapid shifts of about 25bp in implied central bank rate hikes. Market pricing currently reflects a full 25bp of hikes for the ECB by June, with at least one additional increase anticipated by year-end. Heightened Oil volatility is […]
Read moreApril 15, 2026 10:22 am
Spot Silver pulled back from a one-month peak on Wednesday, in unison with Gold, as optimism over another round of peace talks between the US and Iran boosted risk sentiment. US President Donald Trump said yesterday that negotiations to end the Iran war could resume in Pakistan over the next two days after weekend talks […]
Read moreApril 15, 2026 9:36 am
Key Moments LME aluminium cash bid and offer prices declined overnight but remained above USD 3,600 per tonne on April 14. The LME aluminium 3-month reference price fell to USD 3,563 per tonne, a drop of USD 44.54 per tonne or 1.23 per cent. LME aluminium opening stocks slipped below 400,000 tonnes, with ongoing supply […]
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