July 7, 2026 9:40 am
Key Moments Brent and WTI futures gained 1.1% as fresh security incidents in the Strait of Hormuz reignited concerns over shipping disruptions. Reports of Iranian missile strikes on commercial vessels and a tanker hit near the Omani coast raised the risk of renewed U.S.-Iran confrontation. Price gains were tempered by planned OPEC+ supply increases, higher […]
Read moreJuly 7, 2026 9:33 am
Key Moments Benchmark Dutch front-month gas contracts rose 4.7% to 46.54 per megawatt-hour, reversing the prior session’s weakness. European storage sites are 43.1% full, trailing the 51.4% level recorded at the same point last year. Extended Norwegian maintenance and stronger Asian LNG demand have tightened European supply and increased price volatility. Heatwave Outlook Drives Demand […]
Read moreJuly 7, 2026 7:49 am
Key Moments Gold (XAU/USD) trades with a bearish bias above $4,100 as renewed inflation worries lift U.S. Treasury yields and support the USD. Soft June U.S. Nonfarm Payrolls and ISM Services PMI data have curbed expectations for additional Federal Reserve rate hikes, limiting downside in bullion. Technical signals still favor sellers, with XAU/USD below the […]
Read moreJuly 7, 2026 7:06 am
Key Moments Silver (XAG/USD) declines 1.35% to trade near $61.00 in Tuesday’s Asian session, extending its recent correction. Buying interest in oil reemerges after reports that Iran fired at least two missiles at commercial vessels in the Strait of Hormuz. FOMC minutes from the June meeting, where rates were held at 3.50%-3.75%, are set to […]
Read moreJuly 7, 2026 6:45 am
Key Moments WTI crude trades near $69.20 per barrel in Asian hours after prior-day losses, supported by risk premia from Hormuz tensions. Iran reportedly fired at least two missiles at commercial vessels in the Strait of Hormuz, damaging two ships but causing no casualties. Saudi Aramco cut Arab Light prices for Asia by $11 a […]
Read moreJuly 6, 2026 2:28 pm
Key Moments XAU/USD trades around $4,143 after rebounding from a more than seven-month low of $3,941.
Read moreJuly 6, 2026 1:49 pm
Key Moments: Wheat export values across major origins declined, with Black Sea and Australian prices under harvest and weather pressure. Corn cash premiums and FOB values in the US and Argentina moved higher even as CME corn futures ended the week lower. Soybean physical trade remained thin, but China CFR prices and premiums advanced alongside […]
Read moreJuly 6, 2026 1:04 pm
Key Moments WTI US Oil trades around $68.30, down 0.64% as supply concerns weigh on sentiment. OPEC+ plans to lift output by 188K barrels per day from August, led by Saudi Arabia and Russia. Major banks highlight the risk of a global supply surplus as disruptions in the Strait of Hormuz ease. WTI Drifts Lower […]
Read moreJuly 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, […]
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