FN Media Group Presents Oilprice.com Market CommentaryNEW YORK, July 1, 2026 /PRNewswire/ -- Forget the chips. Forget the code. The most expensive, in-demand commodity in the entire $3-trillion AI revolution is not a patented algorithm or a new Nvidia GPU. It's power. Specifically, a secure, high-v…
Gold extended its slide on Wednesday, with spot prices posting their steepest monthly decline since October 2008 in June, as a stronger U.S. dollar and renewed expectations of an interest rate hike deepened the selloff in bullion.Spot gold slipped below the psychologically important $4,000-an-ounce…
Gold sank 14% in the second quarter, capping the worst performance since 2013. After setting a record in January, the metal has been hurt by speculation that the Fed may hike rates this year to tackle sticky inflation, despite the declines seen in energy costs following the interim US-Iran peace de…
Silver traded near $58.20 per ounce on Wednesday, July 1, 2026, grinding sideways in the high-$50s after last week's break below the $64.50 floor that had capped the post-record consolidation since December. The white metal (XAG/USD) is down more than 50% from its $121.67 all-time high set on Janua…
By Dow Jones Newswires StaffU.S. stock futures pointed down in early European trade, as global equities looked set to kick off the second half of the year in the red.After notching the best quarter in six years, U.S. equities lost steam as traders upped bets for further interest-rate hikes this yea…
The US is pouring money into fossil fuel power generation at a pace not seen in a generation. The International Energy Agency projects that American spending on coal and gas power plants will reach $50 billion this year, a figure that reflects the country's scramble to keep the lights on as electri…
Iran refused to meet US envoys Jared Kushner and Steve Witkoff in Doha on Tuesday June 30, dimming ceasefire hopes in the ongoing war and lifting oil prices. Qatar’s prime minister met the Americans instead, according to BeInCrypto, while Iran’s Foreign Ministry said Hormuz mine clearance falls und…
According to Bloomberg, Asian equities edged lower as investors turned cautious after a rally in chipmakers and tech stocks helped propel them to their best quarter in 17 years. MSCI's regional equities gauge dropped 0.2%, snapping a two-day gain, with nine of 11 subgroups declining.Stocks in Japan…
Commodity markets traded mixed on July 1, with crude oil prices rebounding on renewed geopolitical concerns, while precious metals remained under pressure amid a stronger U.S. dollar and rising Treasury yields.Crude oil prices advanced in early trade after reports that Iran will not meet U.S. envoy…
Oil steadied after the biggest quarterly drop since the pandemic as traders monitored peace talks between the US and Iran and the return of shipping through the Strait of Hormuz, according to Bloomberg.
The global oil market is set to swing back into oversupply as the impact of the Iran war fades and traffic through the Strait of Hormuz recovers, according to Goldman Sachs Group Inc., Bloomberg reported.
Spot silver extended its intraday decline to 1% to $57.97 per ounce, according to 36Kr.
Gold edged up on Tuesday but was on track for its sharpest quarterly decline in 13 years, as inflation concerns stemming from the Middle East conflict reinforced expectations that the U.S. Federal Reserve could hike interest rates.Spot gold rose 0.3% to $4,027.03 per ounce by 1:40 p.m. ET (1740 GMT…
The war in Iran has reshaped China’s petrochemicals trade, enabling Chinese plants to reduce a glut of key building blocks used in plastics, rubber and textiles by increasing exports, according to Bloomberg.
Every oil shock eventually returns to the same narrow stretch of water: the Strait of Hormuz (SoH), the channel between Oman and Iran that carries about a fifth of the world’s oil. For more than half a century, it has been the pressure point of the global energy system. When geopolitical tensions c…
WINNIPEG, Manitoba--Intercontinental Exchange canola futures incurred declines in the new crop contracts on Tuesday but came away from much sharper losses from earlier in the session. Meanwhile, the soon-to-expire July contract posted an increase.Statistics Canada estimated a record amount of canol…
By Kirk MaltaisHIGHLIGHTSCorn Confirmation: The USDA's report showed smaller stocks of corn than expected by analysts surveyed by The Wall Street Journal, while planted acres were slightly higher than expected. "Corn started lower on the day, until the USDA waved their magic wand," said analysts wi…
Surging volatility across metals and a renewed focus on risk management are reshaping how liquidity is priced, accessed and managed across FX and CFD markets, according to senior industry executives speaking at the Finance Magnates Singapore Summit 2026.The panel, which brought together liquidity p…
What Happened? Shares of natural gas producer Range Resources NYSE:RRC jumped 2.6% in the afternoon session after U.S. natural gas futures climbed on forecasts of a heatwave and strong demand.The price of natural gas futures jumped as rising temperatures across the U.S. increased demand for gas-fir…
What Happened? Shares of natural gas producer CNX Resources NYSE:CNX jumped 2.7% in the afternoon session after natural gas futures rallied amid forecasts for hotter summer weather across the United States.The price of natural gas, a key driver for CNX's revenue, climbed as forecasted heatwaves wer…