Brent Eases From Near Six-Month High as Saudi-Iran Talks Temper Houthi Supply Scare
Diplomacy in Tehran trimmed oil prices, but attacks on Saudi energy sites and on Hormuz shipping keep a heavy risk premium in place.
Commodities
Oil
- Gold
Gold Sinks Below $3,900 to One-Year Low as Fed Hike Bets and AI Sell-Off Spur Selling
Bullion was down about 3.7% late Friday after a week of hawkish central bank holds, while silver headed for its worst weekly drop since early June.
- Gold
Gold Jumps 3% Back Above $4,000 as Dollar Slides After U.S. Midterm Elections
Silver and palladium rallied harder, while World Gold Council data showed India's demand heading for a six-year low and Chinese bar buying still rising.
- Oil
Brent Sinks 8% to Below $95, a Two-Month Low, as Iran Talks and Gulf Supply Weigh
Crude has lost more than 15% this week as traders bet on Iran diplomacy and the Dubai curve flips into contango, signaling ample supply for Asian buyers.
- Precious Metals
Gold Touches $4,121 Two-Week High as Silver Lags and Gold-Silver Ratio Widens to 78
Bullion extended its rebound on a weaker dollar while silver trailed, and record ETF holdings showed where the steadier money has gone.
- Nickel
Indonesia Signals Tighter 2027 Nickel Ore Quota as LME Nickel Slips to $15,240
Jakarta lifted this year's mining cap to as much as 300 million tons but says next year's will weigh a global glut, with LME stocks near 278,000 tons.
- LNG
Asian LNG Prices Hit $32 as China, Korea Lock In Winter Cargoes Despite Hormuz Risk
The JKM benchmark has risen about 27% in a month and nearly tripled in a year, leaving North Asian utilities paying up as Hormuz talks drag on.
- Metals
Copper Steadies Near $14,000 as LME Stockpile Climbs to 312,250 Tons, Highest Since July
Metal keeps flowing into U.S. warehouses while Shanghai stocks fell 18% in a week and Chinese buyers pay the highest import premium in over a decade.
- Metals
Nickel Jumps 5.3% in Shanghai, LME Hits Two-Week High as Indonesia Targets Ore Trader
Jakarta's forestry task force moved against companies linked to a major nickel ore trader, adding to supply worries in the world's top nickel producer.
- Rice
Vietnam Rice Export Prices Jump to $480 a Ton, Near Two-Year High
Thin Vietnamese stocks, Thai flooding and a firm Indian market have lifted Vietnamese quotes about 7% in a week and Thai prices nearly 4% in a month, with Philippine buying expected in November.
- Palm Oil
Malaysian Palm Oil Falls to Lowest Since June at 4,377 Ringgit as Record Stocks Loom
The Bursa Malaysia benchmark lost 272 ringgit in three sessions as weaker soybean oil and forecasts of a 3.75 million ton stockpile outweighed a jump in October exports. The MPOB reports on Nov. 10.
