June 20, 2026 10:53 am
Key Moments The author expects Brent Crude prices to retreat to about $60 per barrel in 2027, following turbulence linked to the Middle East conflict. Disruptions from the Strait of Hormuz shutdown and depleted global reserves, including a U.S. strategic reserve near 1983 levels, have tightened current supply. ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX) […]
Read moreJune 19, 2026 12:20 pm
Key Moments XAU/USD drops to a one-week low around $4,121 and is set for a 1.7% weekly decline. Futures markets price a 77% probability of a Fed rate hike at the October meeting and a 90% chance of at least a quarter-point move by year-end. Bearish technicals persist, with XAU/USD trading near $4,147.83 and the […]
Read moreJune 19, 2026 11:56 am
Key Moments Front-month Dutch TTF benchmark climbed 3.4% to 41.9 euro per megawatt-hour after a six-session slide. British gas contract advanced 3.8% to 100.38 pence per therm, recovering from near two-month lows hit on Thursday. Cancellation of U.S.-Iran talks and intensified Israeli strikes in Lebanon renewed risk premia in European gas markets. Geopolitical Setback Triggers […]
Read moreJune 19, 2026 11:25 am
Key Moments Silver (XAG/USD) traded at $65.06 per troy ounce on Friday, down from $65.71 on Thursday. The metal has declined 8.47% since the beginning of the year. The Gold/Silver ratio stood at 64.01 on Friday, little changed from 64.06 on Thursday. Spot Silver Moves Lower Silver prices (XAG/USD) fell on Friday, according to FXStreet […]
Read moreJune 19, 2026 10:28 am
Key Moments WTI US Oil trades around $75.60, up 0.21% on the day, but still tracks a weekly loss of roughly 10%. Crude flows through the Strait of Hormuz are resuming after the United States lifted maritime restrictions on traffic to and from Iranian ports. A 60-day memorandum of understanding between Washington and Tehran has […]
Read moreJune 19, 2026 6:58 am
Spot Gold hovered above a 1-week low on Friday and was on course for a third consecutive weekly loss, as the US Dollar surged to a one-year high, while hawkish signals from the Federal Reserve also pressured the yellow metal. A firmer dollar makes dollar-priced Gold less appealing to international investors holding other currencies. 9 […]
Read moreJune 18, 2026 6:06 am
Key Moments West Texas Intermediate (WTI) traded near $75.10 per barrel in Asian hours on Thursday after five straight daily losses. A preliminary US-Iran agreement eased supply fears by supporting the reopening of the Strait of Hormuz. The IEA expects global oil supply to grow by 8 million bpd by 2027, far above projected demand […]
Read moreJune 17, 2026 2:13 pm
Key Moments The London Metal Exchange will introduce a new contract in October based on Shanghai Futures Exchange hot-rolled coil prices. SHFE’s hot-rolled coil futures recorded 169 million lots of volume in 2025, far exceeding the 139,109 lots for LME Chinese HRC futures. Currency conversion and pricing for the new product will be managed by […]
Read moreJune 17, 2026 2:04 pm
Key Moments Brent crude futures rose 1.2% to $79.90 per barrel and WTI gained 0.7% to $76.60 per barrel as of 09:21 ET (13:21 GMT). Both benchmarks had fallen about 10% over the last two sessions, with Brent dropping below $80 for the first time since early March. The International Energy Agency projected a substantial […]
Read moreJune 17, 2026 1:05 pm
Key Moments Soybean futures added 8 to 9 cents in Wednesday morning activity after closing Tuesday up 7 1/2 to 11 3/4 cents. NASS reported U.S. soybean conditions at 66% good/excellent, with notable weekly gains in IN, MN, ND, and SD and declines in IL, IA, NE, and OH. Brazil’s June soybean exports were estimated […]
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