February 6, 2026 7:15 am
Key Moments Brent crude traded at $67.80 per barrel and U.S. WTI at $63.54 per barrel at 0353 GMT, both up 25 cents, or 0.4%, on the day. Both benchmarks have fallen more than 3% from late-January peaks near six-month highs after earlier supply fears eased. Analysts flagged that any easing of U.S.-Iran tensions could […]
Read moreFebruary 5, 2026 2:18 pm
Key Moments Brent crude fell $1.54 to $67.92 and WTI dropped $1.52 to $63.62, both down more than 2%. Oil markets focused on planned U.S.-Iran talks in Oman as tensions and military buildups persisted in the Middle East. Record WTI Midland at Houston trading in January and widening Russian discounts to China underscored heightened supply […]
Read moreFebruary 5, 2026 10:35 am
Key Moments Copper prices reversed earlier gains as attention shifted back to weakening demand signals. London Metal Exchange inventories in Asia increased, while traders moved additional African spot cargoes into China. The China Nonferrous Metals Industry Association projected about a 5 per cent rise in refined copper output this year after a 10 per cent […]
Read moreFebruary 5, 2026 10:23 am
Key Moments Natural gas and proxies such as US Natural Gas Fund ETF (NYSE: UNG) have dropped nearly 60% over the past five years after a war-driven price spike in 2022. Warmer February weather expectations triggered about a 15% slide in natural gas prices on Sunday evening following a sharp, cold-driven run-up. Rising AI data […]
Read moreFebruary 5, 2026 9:53 am
Key Moments Brent crude futures settled at $68.67 per barrel after a $1.34 gain, according to UOB’s Global Economics & Markets Research Team. NY WTI futures advanced by $1.93 to close at $65.14 per barrel amid heightened US-Iran tensions. The EIA reported a 3.46 million-barrel decline in US crude inventories last week, with Lower 48 […]
Read moreFebruary 5, 2026 7:30 am
Key Moments Spot silver dropped as much as 16.7% to $73.5565 an ounce, with March futures sliding more than 10% to $73.383/oz. The decline came abruptly during Asian trading and coincided with a modest strengthening of the U.S. dollar. Analysts described the pullback as a normalization phase, with underlying demand drivers for precious metals still […]
Read moreFebruary 5, 2026 7:02 am
Key Moments Brent crude futures declined 2.07% to $68.02 per barrel, while U.S. WTI fell 2.06% to $63.80. Prices reversed part of Wednesday’s roughly 3% surge after confirmation that U.S.-Iran talks in Oman are set to proceed. Analysts noted that geopolitical risk remains elevated despite the talks, with potential for the risk premium to rise […]
Read moreFebruary 4, 2026 2:36 pm
Key Moments Copper prices fell after Tuesday’s 4.6% surge, the largest one-day gain since November 2022. Rising inventories in London Metal Exchange warehouses in Asia and weaker Chinese spot demand weighed on sentiment. Glencore Plc agreed to sell 40% of its stakes in two African copper operations to a US government-backed group. Market Reverses After […]
Read moreFebruary 4, 2026 11:17 am
Key Moments China plans to launch yuan-denominated LNG futures on the Shanghai Futures Exchange as soon as next month. The contracts aim to reduce reliance on overseas benchmarks and dollar pricing for Chinese LNG imports. Analysts expect China’s LNG imports to rise 12% to 76.5 million metric tons in 2026, supported by higher global LNG […]
Read moreFebruary 4, 2026 10:20 am
Key Moments Gold futures (GC=F) climbed 3.4% to $5,102.60 a troy ounce, while spot prices advanced 3.2% to $5,087.02. Brent crude (BZ=F) futures edged up 0.2% to $67.45 a barrel, with West Texas Intermediate (CL=F) rising 0.4% to $63.49. The pound strengthened to $1.3724 against the dollar and €1.1600 against the euro as markets looked […]
Read more