Oil Prices Surge As Israel-Iran Conflict Heats Up
Israel''s large-scale military strikes on Iran''s military leaders, nuclear facilities and missile factories sent global markets into turmoil, with oil prices soaring and stocks plummeting.
Israel''s large-scale military strikes on Iran''s military leaders, nuclear facilities and missile factories sent global markets into turmoil, with oil prices soaring and stocks plummeting.
U.S. copper prices surged to record highs in July on tariff fears before crashing when key exemptions were announced, exposing traders to heavy losses.
Aluminum prices are climbing on the back of Chinese production caps, supply disruptions, and surging demand from EVs, defense, and infrastructure sectors.
The past 30 days have seen precious metals prices climb steadily, underscoring a volatile commodities environment for U.S. manufacturers and metal buyers.
Current drops in oil prices are often due to anticipated recession rather than an abundance of cheap energy, indicating a potential economic downturn and impacting energy
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Oil prices fell due to concerns about President Trump''s tariffs and potential global recession, with West Texas Intermediate crude briefly dipping below $60 per barrel.
Oil prices climbed on Thursday as investors considered potential OPEC+ output hikes and positive US-China trade talk developments.
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