Saudi Arabia's air defenses intercepted multiple drones and missiles over its capital and southern cities on Sunday, according to the Saudi-led coalition, escalating a conflict that threatens key infrastructure and maritime trade routes.
The Conservative Party has secured a majority in British Columbia's provincial election, ending nine years of New Democrat rule and signaling a significant policy shift toward expanding the province's natural gas sector.
Analysts at Goldman Sachs are recommending a positive allocation to commodities, citing their value as a geopolitical hedge, structural supply constraints, and strong demand from trends like AI and electrification.
Crude oil benchmarks fell on Monday, pulling back from recent highs, as diplomatic efforts involving Qatar and regional powers to de-escalate tensions with Iran eased market concerns over potential supply disruptions.
Saudi Arabia will begin storing crude oil at Singapore's Jurong Rock Caverns from the second half of 2027, a strategic move aimed at bolstering energy supply security for key Asian markets.
Gold prices held steady in early Asian trading after a sharp 4% drop last week, as investors brace for the Federal Reserve's upcoming policy decision and key inflation data for clues on future interest rate hikes.
Crude oil prices fell on Monday, retreating from near six-month highs as diplomatic talks aimed at de-escalating tensions between the United States and Iran offered a reprieve from a recent rally. The decline comes despite persistent supply threats in the Middle East.
Silver prices have fallen sharply, trading significantly below key moving averages in a severe downtrend. However, technical indicators are now flashing extreme oversold signals, with a key candlestick pattern suggesting selling pressure may be nearing exhaustion.
West Texas Intermediate crude oil is trading in a tight range below the key resistance level of $103.50, as technical indicators point to waning bullish momentum and market indecision.
