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Commodities 10 February 2026 - 4 March 2026

Brent crude price jumps again as Hormuz shipping risks deepen; traders eye Washington moves

Brent crude price jumps again as Hormuz shipping risks deepen; traders eye Washington moves

Brent crude futures jumped roughly 6% to $82.38 a barrel as of 1749 GMT Tuesday, sticking close to their multi-month highs. Standard Chartered hiked its forecast for Brent in the first quarter to $74 a barrel, up from $62, and boosted its 2026 average projection to $70 from $63.50, after the latest bout of unrest in the Middle East. The bank noted that “the forward curve has strengthened notably,” pointing out the market’s willingness to pay a premium for prompt barrels over later delivery.
Oil prices snap higher as U.S.-Iran nuclear talks jolt Brent and WTI; OPEC+ decision next

Oil prices snap higher as U.S.-Iran nuclear talks jolt Brent and WTI; OPEC+ decision next

Oil jumped over $1 on Thursday, bouncing back from earlier swings as traders zeroed in on the U.S.-Iran nuclear negotiations in Geneva. Brent crude ended up $1.17, or 1.65%, at $72.02 per barrel. U.S. West Texas Intermediate tacked on 87 cents, or 1.33%, to $66.29. “Not going so great” for diplomacy, said John Kilduff of Again Capital, reacting to the headlines. Phil Flynn at Price Futures Group warned that any deal lifting sanctions would spell a “bearish” turn for crude.
26 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

U.S. natural gas futures dipped again Tuesday, shaving off about 1% as milder weather forecasts took the edge off heating demand and sent prices to a fresh four-month low. March gas on the New York Mercantile Exchange lost 2.7 cents, settling at $2.958 per million British thermal units with only two sessions left as the front-month. Data from LSEG put Lower 48 output at 108.7 billion cubic feet per day for February so far. Total demand—including exports—is expected to slide to 128.4 bcfd next week, down from 138.3 bcfd this week. Flows heading to U.S. LNG plants climbed to 18.7 bcfd, while West Texas Waha cash prices stayed stuck in the red for a 13th consecutive day.
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

Oil slipped on Monday, though prices remained close to their highest levels in half a year. Brent lost 37 cents, or 0.52%, trading at $71.39 a barrel. U.S. WTI dipped 27 cents, or 0.41%, to $66.21 as of 12:44 p.m. ET. Ahead of Thursday’s talks, Iran hinted at possible concessions in return for sanctions relief, while a shift in U.S. tariffs rattled demand expectations. “That seemed to suggest that they are more open to talking about their nuclear program,” Price Futures Group analyst Phil Flynn said, noting the risk of military action against Iran persists.
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 plc shares rose about 3% to 500.45 pence by 0902 GMT on Wednesday after the Swiss-based miner and commodities trader set out a $2 billion shareholder payout with its 2025 results. Adjusted EBITDA — a measure of operating profit before interest, tax and some one-offs — fell 6% to $13.51 billion, above an analysts’ $13.3 billion consensus, and CEO Gary Nagle said “the underlying momentum in H2 was clear.” It comes weeks after rival Rio Tinto abandoned takeover talks.
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 slid sharply Thursday, dropping more than $1 a barrel as the International Energy Agency pared its demand growth outlook for 2026 and signs emerged that the threat of a U.S. strike on Iran might be fading. Brent crude shed $1.26, or 1.8%, to trade at $68.14 a barrel as of 10:16 a.m. CDT. U.S. West Texas Intermediate slipped $1.24, or 1.9%, to $63.39. “It just ran out of steam,” said Phil Flynn, senior analyst at Price Futures Group.
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