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Commodities 9 February 2026 - 26 February 2026

Brent oil price jumps past $72 as U.S.-Iran nuclear talks jolt crude traders

Brent oil price jumps past $72 as U.S.-Iran nuclear talks jolt crude traders

Brent crude rose 1.7% to $70.85 a barrel after early losses, as traders watched U.S.-Iran nuclear talks in Geneva for signs of escalation or a deal. U.S. crude inventories jumped by 16 million barrels, but prices held firm on geopolitical risk. OPEC+ will meet March 1 to consider an April output increase. Saudi Arabia is preparing to boost exports if Middle East supplies are disrupted.
26 February 2026
Glencore stock price slips in London as cobalt-stockpile focus cools

Glencore stock price slips in London as cobalt-stockpile focus cools

Glencore shares fell 1.8% to 524.8 pence in early London trade Thursday, reversing part of Wednesday’s gains. The drop follows news of a $115 million cobalt purchase from Rami Weisfisch for U.S. stockpiles, as cobalt prices surged on Congo export curbs. Copper prices dipped 0.23% on the LME, with inventories at a 13-month high. Glencore’s next shareholder vote is set for May 28, with a Q1 production report due April 30.
Silver price today slides after tariff shake-up; SLV drops as traders eye Iran talks, U.S. PPI

Silver price today slides after tariff shake-up; SLV drops as traders eye Iran talks, U.S. PPI

Spot silver fell 1.2% to $87.21 an ounce in New York Tuesday after hitting a two-week high, as traders took profits and the dollar strengthened. The drop followed the U.S. move to impose a 10% global import tariff, with the White House aiming to raise it to 15%. Spot gold slipped 1.4% to $5,158.24. The iShares Silver Trust ETF closed at $79.08, down from $80.57.
24 February 2026
Natural gas slips under $3 to a four-month low as forecasts warm — what it means for UNG

Natural gas slips under $3 to a four-month low as forecasts warm — what it means for UNG

NYMEX March natural gas fell 0.9% to $2.958/mmBtu Tuesday, set for its lowest close since October 16. Milder weather forecasts and steady U.S. output weighed on prices, even as LNG feedgas flows held near record highs. Traders now await Thursday’s U.S. storage report. The United States Natural Gas Fund ETF dropped 1.7% to $11.55 in early trading.
Oil price today: Brent slips but holds near six-month high as U.S.-Iran talks, tariffs loom

Oil price today: Brent slips but holds near six-month high as U.S.-Iran talks, tariffs loom

Brent crude fell 37 cents to $71.39 a barrel and WTI dropped 27 cents to $66.21 by midday Monday, both near six-month highs. U.S.-Iran nuclear talks and new U.S. tariffs kept risk premiums elevated. Global stocks slipped and gold rose after President Trump announced a temporary 15% global tariff. Goldman Sachs raised its Q4 2026 oil forecast, citing low inventories but warned of downside risks if sanctions ease.
BHP share price climbs again: copper-led results, dividend dates and iron ore risks drive the next move

BHP share price climbs again: copper-led results, dividend dates and iron ore risks drive the next move

BHP shares closed up 1.9% at A$53.28 on Thursday after reporting a half-year profit beat, with copper now making up 51% of underlying EBITDA. RBC raised its target price to A$55 but kept a neutral rating, citing high capex and weaker iron ore outlook. BHP set an interim dividend at 73 cents a share. Traders are watching copper prices, China signals, and the dividend timetable ahead of the next session.
Glencore share price rises on $2 billion payout plan as Congo copper deal grabs attention

Glencore share price rises on $2 billion payout plan as Congo copper deal grabs attention

Glencore shares rose about 3% in early London trade after announcing a $2 billion shareholder payout and full-year results. The board proposed a $0.17-per-share cash distribution in two tranches, pending a May 28 AGM vote. Glencore also finalized a land-access deal for its Congo copper mine, aiming to extend its life into the 2040s. Adjusted EBITDA fell 6% to $13.51 billion, beating analyst expectations.
BHP share price hits a record after copper tops iron ore and dividend jumps

BHP share price hits a record after copper tops iron ore and dividend jumps

BHP shares closed up 4.9% at A$52.84 in Melbourne after hitting a record A$54.20, driven by a profit beat and a higher interim dividend of 73 U.S. cents a share. Underlying EBITDA rose 25% to US$15.5 billion, with copper contributing 51%. The ex-dividend date is March 5 for the ASX and LSE. Traders are watching copper prices and iron ore talks with China.
Lithium price holds at 145,000 yuan as Albemarle-led rally faces post-holiday test

Lithium price holds at 145,000 yuan as Albemarle-led rally faces post-holiday test

China battery-grade lithium carbonate held at 145,000 yuan per tonne on Feb. 16, unchanged for a fourth session. U.S. lithium stocks last rose Friday, with Albemarle up 4.7% and SQM up 1.1%, as U.S. markets closed for Presidents Day. Albemarle idled its last active Kemerton processing train, citing margin pressure. Traders await Tuesday’s U.S. market reopen and upcoming producer earnings.
TSX Closed Today: Oil, Gold and Canada CPI to Watch Before Stocks Reopen

TSX Closed Today: Oil, Gold and Canada CPI to Watch Before Stocks Reopen

Toronto Stock Exchange is closed Monday for Family Day, with trading set to resume Tuesday. The S&P/TSX composite ended Friday up 1.9% at 33,073.71, led by gains in miners and energy after softer U.S. inflation data. Oil hovered near $68 a barrel, and gold traded around $5,000 an ounce in thin holiday markets. TC Energy and Enbridge both beat quarterly profit estimates.
Vale (VALE) stock slips in premarket as nickel write-down swamps earnings beat

Vale (VALE) stock slips in premarket as nickel write-down swamps earnings beat

Vale S.A.’s U.S. shares fell about 2% premarket after the miner reported a $3.8 billion quarterly net loss, driven by a $3.5 billion impairment on Canadian nickel assets and a $2.8 billion tax write-off. Vale raised Samarco provisions by $449 million for U.K. dam litigation. Pro forma EBITDA reached $4.8 billion. A management call is set for 11:00 a.m. Brasilia time.
13 February 2026
Oil prices tumble more than $1 as IEA demand cut hits Brent, WTI and stocks build

Oil prices tumble more than $1 as IEA demand cut hits Brent, WTI and stocks build

Oil prices fell over $1 a barrel Thursday after the International Energy Agency cut its 2026 demand growth forecast and U.S.-Iran tensions eased. Brent crude dropped $1.26 to $68.14, while U.S. West Texas Intermediate lost $1.24 to $63.39 by mid-morning. U.S. crude inventories rose by 8.5 million barrels last week, according to the Energy Information Administration.
Silver price slides 9% and SLV sinks as traders brace for Friday’s US CPI

Silver price slides 9% and SLV sinks as traders brace for Friday’s US CPI

Spot silver plunged 9.4% to $76.37 an ounce by midday Thursday in New York, after swinging between $84.98 and $74.97. U.S.-listed silver ETFs and miners tumbled, with iShares Silver Trust down 9.8% and Sprott Physical Silver Trust off 11.1%. The selloff followed strong U.S. jobs data and ahead of Friday’s inflation report, as traders reassessed Fed rate-cut odds.
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