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The latest commodities coverage from the TrustFinance editorial desk.
Analysts at Citi predict silver could reach $90 per ounce within 6 to 12 months, driven by a projected recovery in investment demand that is expected to outweigh a softening industrial picture.
The Trump administration is set to auction over 81 million acres in the Gulf of Mexico for oil and gas leases on Wednesday, though pre-sale data indicates muted industry interest compared to previous sales.
A senior Iranian official has refuted reports of a ceasefire extension with the United States, telling Reuters that Tehran considers the original deal void after an alleged US violation just days after it was signed.
Refined copper production in China is forecast to fall 2.83% year-over-year in August, marking a second consecutive monthly decline due to a raw material crunch, according to state-backed research firm Antaike.
The upcoming U.S. Consumer Price Index report for July is a pivotal data point for markets, with investors closely watching for clues on the Federal Reserve's next interest rate decision. Strong earnings from several tech companies are providing a positive backdrop.
The International Energy Agency (IEA) has significantly lowered its global oil supply forecast for 2026, projecting a deficit as renewed Middle East conflicts disrupt key maritime routes and curb production.
The International Energy Agency sharply cut its global oil supply forecast for 2026, projecting a 4.3 million barrel-per-day drop due to unresolved conflicts impacting the Strait of Hormuz and Bab el-Mandeb.
European natural gas futures extended gains on Wednesday, driven by concerns over historically low storage levels and ongoing supply disruptions ahead of the winter heating season.
Ukraine has reportedly suspended drone strikes on oil tankers at Russia's Novorossiysk port following a U.S. request aimed at stabilizing global oil markets. The attacks had disrupted up to 20% of loadings from a key Kazakh oil pipeline in July.
