The average price for diesel fuel in the U.S. has reached a new high of over $6.50 per gallon, according to AAA data, exacerbating inflation concerns amid a tightening global supply of refined products.
A senior South Korean opposition lawmaker is calling for parliamentary oversight of a planned $350 billion investment package in the United States, warning of disproportionate financial risks for Seoul in major energy projects.
European wholesale gas prices declined as supply fears eased, while a new ECB report warned that price shocks now translate into consumer inflation within one to three months, complicating monetary policy.
UBS has raised its price targets for palladium for late 2026 and early 2027, citing a tighter physical market driven by surprisingly resilient automotive demand and contracting global mine supply.
Copper futures climbed to their highest level since mid-September, but technical indicators like declining volume and a near-overbought RSI suggest the rally may stall as it tests a critical resistance zone near $6.80.
Gold is trading in a narrow range as technical indicators offer conflicting signals for bulls and bears. Analysts are watching for a decisive breakout above $4,450 or below $4,300 to set the market's next direction.
Brent crude oil is trading at a critical support level around $101.50 per barrel as a series of short-term technical indicators flash bearish warnings. A sustained break below this level could trigger a deeper price correction, according to chart analysis.
West Texas Intermediate crude oil has fallen to test a crucial technical support level at $94 per barrel, following a nearly 12% drop from a recent double-top formation. A sustained break below this level could indicate further downward momentum for the commodity.
London Gas Oil prices are caught in a tight trading range, hovering around $1,480 as conflicting technical indicators create market uncertainty and signal a potential tug-of-war between buyers and sellers.
