Commodities
Gold price hits highest level since June on weak payrolls data and Hormuz deal hopes
Gold climbed to its highest level since late June on Wednesday, surpassing $4,295 per ounce, driven by weaker-than-expected U.S. employment data and optimism about...
Commodities
Ukraine’s military hits one of Russia’s biggest oil refineries in long-range drone attack
Ukraine's military struck two Russian oil refineries hundreds of miles from its border, President Volodymyr Zelensky said. The Slavneft-Yanos facility in the Yaroslavl region,...
Commodities
CNBC Daily Open: Iran, Oman in talks on Hormuz; SpaceX is loyal to Nvidia on AI
The Dow Jones recorded its fifth consecutive record close as markets anticipate a de-escalation in the Middle East conflict. Iran and Oman are nearing...
Commodities
Trump claims — yet again — that a deal to reopen Hormuz is close
U.S. President Donald Trump said a deal to reopen the Strait of Hormuz could come as early as Wednesday, as Iran and Oman inch...
Commodities
Current price of oil as of August 5, 2026
Oil prices stood at $83.72 per barrel on August 5, 2026 at 5:30 a.m. Eastern Time using the Brent benchmark, down $6.09 from the...
Commodities
Oil prices move higher after Yemen’s Iran-backed Houthis claim Saudi tanker strike
Oil prices rebounded on Wednesday after Yemen's Iran-backed Houthi militants claimed they had struck a Saudi Arabian tanker in the Red Sea. Brent crude,...
Commodities
Oil prices tumble after Bessent says Strait of Hormuz deal may come this week
Oil prices fell sharply Tuesday after Treasury Secretary Scott Bessent indicated a deal to reopen the key Strait of Hormuz could come as soon...
Commodities
Oil prices rise after vessel reports being hit in Strait of Hormuz
Oil prices climbed on Tuesday after a vessel was reportedly struck in the Strait of Hormuz, a key transit route for global oil shipments....