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News Headlines
WTI holds gains near $92.00 as Strait of Hormuz remains constrained fxstreet.com
West Texas Intermediate (WTI) oil price advances after two days of losses, trading around $91.90 per barrel during the Asian hours on Thursday.
Source: fxstreet.com
Commodity Corner: Oil rebounds toward $97 as Hormuz disruption persists; gold steadies tradingview.com
Source: tradingview.com
Why the Iran war may lead countries to hoard aluminum and copper bnnbloomberg.ca
Source: bnnbloomberg.ca
Gold Forecast: XAU/USD lacks clear direction amid Mideast uncertainty, ahead of US inflation fxstreet.com
Source: fxstreet.com
Goldman cuts Q2 oil to $90/$87, keeps $82/$80 Brent and $77/$75 WTI outlook investinglive.com
Goldman’s downgrade reinforces the view that oil’s front-end risk premium is unwinding, weighing on near-term prices. However, steady back-end forecasts suggest underlying fundamentals remain firm, limiting downside and supporting a still-elevated medium-term price floor.
Source: investinglive.com
XAU/USD Analysis Today 07/04: Market Focus on U.S.-Iran Conflict (chart) dailyforex.com
Source: dailyforex.com
Crude Oil Update: WTI crude attempts to stabilize around the $90 level forex.com
WTI drops more than 13% and trades near $90, as signs of a potential Middle East truce ease bullish momentum.
Source: forex.com
WTI jumps above $92.50 amid US and Iran’s fragile ceasefire fxstreet.com
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $92.80 during the Asian trading hours on Thursday. The WTI price jumps after Iran accuses the US of violating elements of a two-week ceasefire agreement.
Source: fxstreet.com
WTI, Brent crude oil, and natural gas price crash today: What’s happening with oil and gas prices as crude economictimes.indiatimes.com
WTI, Brent crude oil, and natural gas price crash today: Oil and gas prices plunge sharply as WTI drops 17% to $93.45 today. Brent crude falls over 15%, now trading near $92.55 per barrel. Natural gas slips 4.7%, settling around $2.73 amid easing supply fears. The key trigger is the Strait of Hormuz reopening expectations after ceasefire news. Nearly 20% of global oil flows depend on this narrow route daily. Markets quickly removed risk premiums built during weeks of conflict tensions. Over 800 stranded vessels still signal supply delays despite easing fears. Refineries and LNG plants may take weeks to fully restart operations. Will oil prices rebound above $100 or fall further toward $80? The next move depends on how fast energy flows normalize globally.
Source: economictimes.indiatimes.com
MARKET UPDATE: VIX 21.62; DJIA +1070.10/+2.3%; S&P +136.50/+2.05%; NASDAQ +547/+2.48%; RUSSELL +74.6/+2.9%; WTI $95.54/-15.45%; BRENT $94.54/-13.45% tradingview.com
Source: tradingview.com
Oil prices resume gains after Iran accuses U.S. of breaching ceasefire deal cnbc.com
Oil markets rose after Iran accused the United States of violating elements of a two-week ceasefire agreement.
Source: cnbc.com
Gold (XAU/USD) Price Forecast: Bullish Momentum Falters Above 20-Day MA fxempire.com
Source: fxempire.com
IRAN CONFIRMS STRAIT OF HORMUZ TO BE OPEN TO OIL TRAFFIC FOR TWO WEEKS; OIL PRICES COLLAPSE; WTI -16.3% TO $94.16 tradingview.com
Source: tradingview.com
Traders place large $950 million bet on oil price falling hours ahead of ceasefire reuters.com
Source: reuters.com
WTI crude prices could rally back to recent highs if ceasefire doesn’t hold: Lipow Oil’s Andy Lipow cnbc.com
Andy Lipow, Lipow Oil Associates president, joins ‘Power Lunch’ to discuss what to expect from gas prices, the energy flows through the Strait and more.
Source: cnbc.com