June 10, 2026 10:22 am
Key Moments Oil prices declined as the US energy secretary reported that transits through the Strait of Hormuz are “meaningfully” increasing. Rabobank’s Michael Every points to indications that the US Navy is moving crude through Hormuz with ship transponders off, suggesting flows above what official data capture. Renewed crude offers from UAE and Kuwait and […]
Read moreJune 10, 2026 8:43 am
Key Moments WTI trades just below the mid-$87.00 area after failing to extend an early Asian-session advance. Prices remain supported by renewed US-Iran tensions and the effective closure of the Strait of Hormuz, but stay near a recent two-month low. Technical focus centers on the 100-day SMA at $84.72, with a decisive break lower seen […]
Read moreJune 10, 2026 7:30 am
Key Moments Gold (XAU/USD) trades with a bearish tone near $4,200 after marking its weakest level since March 23. Escalating US-Iran tensions and higher inflation concerns reinforce expectations for more hawkish central banks. Markets price nearly a 75% chance of a Federal Reserve rate hike by year-end, while traders await the latest US CPI data. […]
Read moreJune 10, 2026 6:26 am
Key Moments Silver (XAG/USD) trades near $64.35-$64.30, down more than 1.5% and at its weakest level since March 23. A breakdown below the 200-day EMA at $67.84 and a bearish double-top near $89.00 reinforce the negative technical outlook. Momentum indicators RSI at 31.31 and MACD at -1.28 point to persistent selling pressure, with scope for […]
Read moreJune 9, 2026 12:55 pm
Key Moments XAU/USD trades near $4,339 after touching a roughly two-and-a-half-month low on Monday. Optimism over a potential US-Iran deal and reduced Middle East tensions supports risk sentiment and weighs on the US Dollar. Persistent expectations of higher-for-longer Federal Reserve rates keep Gold’s upside limited ahead of the US CPI release. Gold Holds Firm as […]
Read moreJune 9, 2026 9:51 am
Key Moments Sohar LNG, a 137,248-cbm LNG carrier built in 2001 and 50%-owned by Asyad Shipping, was sold for recycling at Alang, India, for $23m. The transaction is expected to generate a $2.1m gain for the partners and supports Asyad Shipping’s fleet renewal strategy. The scrapping of Sohar LNG has lifted this year’s LNG carrier […]
Read moreJune 9, 2026 9:28 am
Key Moments Copper on the London Metal Exchange rose 0.6% to 13,695 a ton after earlier losses of as much as 0.5% during Asian trading. Jefferies analysts projected copper prices at $6.50 a pound ($13,000 a ton) in 2027 and an average of $8 a pound ($17,636 a ton) in 2030 and 2031. China’s May […]
Read moreJune 9, 2026 8:53 am
Key Moments Oil prices remained largely unchanged following the latest escalation between Israel and Iran, with markets reverting to an “as you were” stance. Rabobank’s Michael Every stresses that decisions by Hezbollah and Iran will be pivotal for the eventual course of the conflict and its impact on energy markets and broader risk sentiment. Developments […]
Read moreJune 9, 2026 8:08 am
Key Moments XAG/USD is trading slightly lower near $67.90 in Tuesday’s European session ahead of the May U.S. CPI release. Consensus forecasts point to headline CPI accelerating to 4.2% YoY and core CPI rising 2.9% YoY in May. Stronger-than-expected May NFP has fueled expectations of at least one Federal Reserve rate hike this year, weighing […]
Read moreJune 9, 2026 7:25 am
Key Moments WTI extends its prior sharp decline and trades near $88.75, down more than 1% during Tuesday’s Asian session. A declared halt in Israel-Iran attacks pressures prices, while lingering US-Iran tensions and Strait of Hormuz risks help curb losses. Bearish technical structure below the 200-period SMA and weak momentum indicators suggest scope for further […]
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