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The latest commodities coverage from the TrustFinance editorial desk.
SpaceX's stock declined following its debut earnings report as investor focus on rising AI capital expenditures and cash burn overshadowed stronger-than-expected revenue figures.
European natural gas prices held steady near three-week lows as traders balanced reports of diplomatic progress in the Middle East against persistent supply constraints, including critically low storage levels.
Yemen's Houthi group claimed it launched a missile attack on a Saudi oil tanker near the port of Yanbu, an assertion that has not yet been confirmed by Saudi officials. The alleged incident raises concerns over the security of a key global shipping lane.
U.S. President Donald Trump said negotiations with Iran took place on Tuesday, but Tehran has denied the assertion, creating uncertainty over diplomatic efforts to end the ongoing conflict and reopen the Strait of Hormuz.
Comments from U.S. President Donald Trump suggesting progress in negotiations with Iran have sent oil prices lower and equities higher on hopes of an imminent deal to end the five-month blockade of the Strait of Hormuz.
Ship-tracking data shows traffic through the Strait of Hormuz and Bab el-Mandeb held steady on Tuesday, but volumes remain drastically below pre-conflict levels as markets watch for progress in peace negotiations.
Oil prices found a floor on Wednesday after a steep two-day decline, as investors weighed conflicting reports about diplomatic progress between the U.S. and Iran to reopen the critical Strait of Hormuz.
Crude oil prices fell for a third consecutive session amid growing optimism for a diplomatic deal to secure the Strait of Hormuz and a surprise increase in U.S. crude inventories.
Governor Greg Abbott has ordered a pause on new data center grid connections pending a full audit, citing an unprecedented surge in electricity demand that threatens the state's power grid reliability.
