Morning Commodities: Oil Softens on Iran Deal Normalization, Gold Extends Decline
WTI near $70, Brent at $73.3; gold falls to $4,060/oz; grains mostly lower
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WTI near $70, Brent at $73.3; gold falls to $4,060/oz; grains mostly lower
WTI trades near $75/bbl after steep declines; gold climbs back above $4,190; winter wheat weakens as disappointing harvest begins
Strait of Hormuz reopening drives crude lower, gold hit by hawkish Fed repricing, grains weaken on ample supply
WTI drops ~5% to $80 on historic US-Iran ceasefire and Strait of Hormuz reopening; gold jumps 2.2% to $4,317; grains drift lower post-WASDE
WTI crude drops toward $86 as Trump signals a potential deal with Iran that could reopen the Strait of Hormuz; copper rallies on industrial demand optimism
WTI crude hits $94.33 as Iran launches missiles at Israel and Israel strikes back, Gold falls below $4,330 as risk-off sentiment bypasses safe havens
Brent hovers near $95 ahead of OPEC+ meeting, gold trades around $4,450 after a third straight monthly decline
WTI crude jumps above $90 as Israel escalates Lebanon operations; gold holds key support amid mixed signals
WTI near $88.5, gold breaks above $4,550, and Bernstein's new analysis points to a structural floor for crude
Brent trades at $98.27 amid cautious Iran deal optimism; gold climbs 1.2% to $4,564
Brent holds elevated on Hormuz disruption, gold under pressure from inflation and a strong dollar, agricultural commodities surge on drought and hedge fund positioning
WTI at $105.42, Gold at $4,562, Silver at $77.55; Wheat falls to $6.36 per bushel
Brent hits $109.26/bbl, WTI $105.42/bbl as supply fears mount; gold drops ~3% on hot inflation and rising yields
Asian refiners step in with spot purchases while Vitol offers Iraqi Basrah crude outside the Persian Gulf
WTI breaks above $102 for the first time in weeks; Brent near $107 as geopolitical risks dominate