Saudi east-west pipeline repair may take 3-5 weeks - AP
Attacks damaged the Saudi east-west pipeline, expected to take 3-5 weeks to repair, tightening oil markets and pushing WTI to $104.95.
Gold, crude oil, industrial metals and agricultural products: supply and demand, inventories and geopolitical risk.
Attacks damaged the Saudi east-west pipeline, expected to take 3-5 weeks to repair, tightening oil markets and pushing WTI to $104.95.
Silver holds above $63 support despite a hawkish Fed outlook and surging oil, with the FOMC decision and Middle East tensions as key risks.
Gold prices have fallen below $4,300, with a break of technical support levels potentially triggering a deeper selloff before the Fed decision.
Oil rises as Saudi pipeline closure and postponed Hormuz talks worsen supply fears, with technical levels and catalysts ahead.
Gold rallied on Friday despite higher inflation, testing $4,300 support. Rate hike bets and oil prices remain key; FOMC decision ahead.
Oil prices climbed after Saudi pipeline attacks and a drop in Hormuz traffic, keeping inflation worries in focus before the Fed decision.
Oil opened with a gap higher and held, as Saudi pipeline damage threatens exports. Goldman Sachs now expects a Fed rate hike.
Crude oil climbed on supply disruptions while crypto and metals declined ahead of the Fed decision.
CICC raised its Brent forecast to $85 and warned that oil above $100 could start to dent demand.
Trump administration wants future Iran talks to center on nuclear program, not Hormuz, per CNN sources; Oman meeting postponed, leaving regional diplomacy key.
Tanker confirmed hit by projectile in Hormuz Strait; Iranian cargo vessel reportedly attacked with casualties. Diplomacy stalled after Saudi pipeline damage.
Drone attack shuts Saudi East-West pipeline, disrupting oil supply as Hormuz talks stall and Houthis advance.
Oil jumped and stock futures fell at the week's open on unresolved Middle East tensions and OpenAI's IPO retreat.
A planned Hormuz meeting between Iran and Gulf states has been postponed at the request of regional countries. The delay adds uncertainty to oil markets.
Gold near $4,347 neckline; CPI data may decide if break to $3,950 occurs. Pattern unconfirmed.