Oil prices rise on renewed Middle East hostilities
USOIL gains amid a fresh wave of military strikes by the US and Iran and conflicting signals over transit through the Strait of Hormuz.
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USOIL gains amid a fresh wave of military strikes by the US and Iran and conflicting signals over transit through the Strait of Hormuz.
UKOil remains bearish below $75, with oversold conditions allowing for a bounce but softer supply fundamentals keeping $70.50 at risk unless Hormuz disruption revives the geopolitical premium.
XAUUSD is attempting to stabilise on softer US payrolls, but remains technically cautious until it breaks the downtrend line and confirms a higher trough and higher peak.
Oil, natural gas, copper, silver and gold will be in the spotlight in the second half of the year amid shifting fundamental drivers.
Macro headwinds are weighing on commodities, but structural growth themes continue to underpin the sector.
USOIL drops after the two sides spoke of progress in their first post-MoU talks, but uncertainty over a lasting deal does not go away.
President Trump expects to sign a settlement with Iran, raising optimism around the global economy and copper consumption, but risks still loom.
USOIL slips as markets monitor conflicting signals, following Wednesday's jump due to fresh US-Iran hostilities.
XAU/USD falls deeper into bear territory on lingering geopolitical tensions and higher-for-longer Fed prospects, with the US CPI update looming today.
Copper (Comex) prices rise to new all-time highs amid the ongoing AI boom and mining disruptions, but the Middle East conflict weighs on consumption.
USOIL jumps after the US President deemed Iran's counterproposal unacceptable, dousing hopes for a peace deal and raising fears of an escalation in the conflict.
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