July 6, 2026 9:34 am
Key Moments Benchmark Dutch front-month gas contract trades at 44.45 euro per megawatt-hour as prices decline. UK front-month gas contract drops 1.9% to 105.60 pence per therm, mirroring continental weakness. Stabilizing tanker flows through the Strait of Hormuz temper geopolitical risk premiums for European gas. Market Overview European wholesale natural gas prices moved lower on […]
Read moreJuly 6, 2026 8:23 am
Key Moments Brent crude fell to $71.10 and U.S. WTI eased to $67.89, both down more than 1% after the latest OPEC+ decision. OPEC+ agreed to lift production targets by 188,000 barrels per day from August, despite ongoing constraints from the U.S.-Israeli war on Iran. Gulf exports in June exceeded 10 million barrels per day, […]
Read moreJuly 6, 2026 6:33 am
Key Moments XAG/USD slips about 1% to near $61.80 after a four-session advance.
Read moreJuly 6, 2026 6:06 am
Key Moments Gold (XAU/USD) retreats from above $4,200 after a three-day advance, as safe-haven demand lifts the US Dollar amid Strait of Hormuz tensions. Reduced expectations for further Federal Reserve rate hikes and ongoing central bank purchases help cushion downside in the Gold price. Technical signals on the 4-hour chart continue to favor buyers, with […]
Read moreJuly 3, 2026 1:52 pm
Key Moments Spot gold climbed 1.1% to $4,170.99 an ounce, putting it on course for its first weekly advance in five weeks. Weaker-than-expected U.S. nonfarm payrolls data eased expectations of a Federal Reserve rate hike and pressured the U.S. dollar. OCBC cut its gold and silver price forecasts this week, even as analysts turned “cautiously […]
Read moreJuly 3, 2026 1:32 pm
Key Moments Brent crude traded at $71.79 a barrel and WTI at $68.50, with both benchmarks holding near levels last seen before the Iran war. Citigroup projected Brent could fall to $60 a barrel by year-end, citing normalizing shipping, softer Chinese demand, and weaker-than-expected inventory draws. The six-month Brent spread moved into contango, signaling an […]
Read moreJuly 3, 2026 1:24 pm
Key Moments QatarEnergy-controlled Q-Flex LNG carrier Al Shamal has transited the Strait of Hormuz in ballast, ending an apparent week-long pause in such passages. LNG carriers have been clustering in the Middle East Gulf and the Arabian Sea off India and Pakistan as they wait to load cargoes. Edison reported that QatarEnergy has extended force […]
Read moreJuly 3, 2026 1:08 pm
Key Moments LME aluminum three-month price moved down toward $3,000/t as the earlier geopolitical risk premium was unwound. Emirates Global Aluminium reported that about 7% of production pots at the Al Taweelah smelter have been restarted. The restart progress supported expectations that Gulf-related supply disruptions are temporary and that lost output will return over time. […]
Read moreJuly 3, 2026 9:51 am
Key Moments August live cattle on CME settled at 239.225 cents per pound, down 2.60 cents, while October cattle closed at 234.300 cents, off 2.425 cents. USDA reported beef packer losses of $295.20 per head, deepening from $280.25 per head the previous day as margins stayed heavily negative. August lean hog futures gained 1.700 cents […]
Read moreJuly 3, 2026 9:34 am
Key Moments WTI briefly climbed toward $69.25 before attracting new selling interest and slipping back toward the mid-$68.00s. Prices remain below the 200-day Simple Moving Average and the 61.8% Fibonacci retracement of the December 2025-March 2026 advance, preserving a bearish near-term structure. The Relative Strength Index hovers around 29 in oversold territory, while the MACD […]
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