June 12, 2026 8:39 am
Key Moments Brent slipped below $90/bbl as hopes grew for a ceasefire and restored crude flows through the Strait of Hormuz. ING analysts see a potential inflection point in late July if oil flows do not resume, with Brent possibly moving towards $120-130/bbl. Saudi Arabia, the UAE, and Iraq have lifted output month-on-month, partially offsetting […]
Read moreJune 12, 2026 7:29 am
Key Moments WTI trades around $84.65-$84.70, hovering near its weakest level since April 17 after a sharp selloff. Conflicting signals over a potential US-Iran peace deal and tanker tensions in the Strait of Hormuz have injected uncertainty into price action. Technical indicators point to a bearish near-term bias while WTI remains below the $85.00 area […]
Read moreJune 12, 2026 6:53 am
Key Moments XAU/USD faces renewed selling near the $4,246-$4,247 area after failing to extend its prior rebound from the lowest level since November 2025.
Read moreJune 12, 2026 6:19 am
Key Moments Silver (XAG/USD) trades around $67.00 per troy ounce after dropping back from more than 6% gains in the prior session. Fresh military incidents involving US and Iranian forces near the Strait of Hormuz weigh on sentiment despite emerging peace prospects. Rising global inflation pressures and tighter central bank policy, including an ECB rate […]
Read moreJune 11, 2026 1:37 pm
Key Moments ING’s Warren Patterson highlights that weaker Chinese crude imports and robust U.S. exports have recently reduced pressure on oil prices. China’s crude oil imports in May 2026 declined by 3.2m b/d year-on-year to 7.8m b/d, the lowest level since October 2017. Strategic reserve releases, including from the U.S. SPR, are expected to end […]
Read moreJune 11, 2026 1:33 pm
Key Moments WTI futures on NYMEX trade almost 3% lower near $87.60 during the European session on Thursday. Prices remain capped below the 20-day EMA at $91.52, reinforcing a bearish near-term technical outlook. Further downside could target $84.87 and potentially $78.88 if selling pressure persists. Geopolitics Weigh on Crude as Peace Talks Continue West Texas […]
Read moreJune 11, 2026 9:53 am
Key Moments Russian-origin aluminium represented 93 per cent of available LME warehouse stocks in May, up from 72 per cent in April. Total on-warrant aluminium inventories on the LME fell 23 per cent in May to 254,625 tonnes and now stand at 250,525 tonnes, the lowest since May 2025. Chinese-origin copper accounted for 53 per […]
Read moreJune 11, 2026 9:42 am
“`html Key Moments Dutch TTF front-month gas futures held at 50 euros per megawatt hour. British contracts also stayed steady at 121 pence per therm. Meanwhile, tensions around the Strait of Hormuz increased concerns about LNG supply. Europe continues to rebuild gas storage, which is now about 43% full. In addition, markets expect the European […]
Read moreJune 11, 2026 8:52 am
Key Moments Iran’s Revolutionary Guard declared the Strait of Hormuz closed and reported firing on two ships, while U.S. officials said commercial traffic continued. Brent crude climbed toward USD 95/bbl as markets reacted to new U.S. strikes in Iran and reported Iranian drone and missile attacks on U.S. bases. Despite the geopolitical escalation, overnight oil […]
Read moreJune 11, 2026 8:43 am
Key Moments WTI traded near $88.95 in early European hours on Thursday, backing off its intraday high as traders locked in profits. Fresh US military strikes in Iran and reported interceptions of Iranian missiles and drones have intensified concerns over potential supply disruptions. US crude inventories fell by 7.228 million barrels for the week ending […]
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