February 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 moreFebruary 4, 2026 9:34 am
Key Moments Silver (XAG/USD) trades about 6% higher near $90.50 during Wednesday’s European session amid renewed US-Iran tensions. The metal bounced after a drop of more than 30% from its record high of $121.61, pressured by expectations around Kevin Warsh succeeding Jerome Powell at the Fed. XAG/USD remains below the 20-day EMA at $91.66, with […]
Read moreFebruary 4, 2026 7:22 am
Key Moments Brent April futures rose 1.2% to $68.15 per barrel, while WTI gained 1.4% to $63.69 per barrel by 21:01 ET (02:01 GMT). Meanwhile, reports of U.S.-Iran incidents near major shipping routes increased fears of Middle East supply disruptions ahead of nuclear talks. Additionally, API data showed U.S. crude inventories fell by 11.1 million […]
Read moreFebruary 3, 2026 2:45 pm
Key Moments March natural gas futures are trading at $3.290, modestly higher after a sharp weather-driven selloff pushed prices below $4.00. Meanwhile, U.S. natural gas output has recovered to 111.6 bcf/day as warmer temperatures ease freeze-offs. Production could approach a record high. Futures have slipped beneath both the 50-day and 200-day moving averages. These technical […]
Read moreFebruary 3, 2026 10:50 am
Key Moments Spot gold climbed 5.1 percent to $4,897.40 an ounce in Asian trading following a steep prior sell-off U.S. gold futures advanced 5.6 percent to $4,913.81 even as the dollar strengthened The U.S. Bureau of Labor Statistics reported delays to the December JOLTs data and the January Jobs Report due to a partial government […]
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