CIBC lowers gold price forecasts, holds $5,500 for 2028
CIBC cut its gold forecasts in an October report, trimming the 2027 average to $5,200 and 2028 to $5,500. Silver was downgraded, while copper was raised.
9 min ago11 min read
Private data reveals big drop in US crude stockpiles
Private data shows US crude inventories fell by 11.1 million barrels, far exceeding expectations of a 1.9 million barrel rise.
14/10/2026 21:142 min read
A sizable decrease in crude inventories was recorded this week.
The information was shared on social media platforms like Twitter.
- Crude oil stocks fell by 11.1 million barrels, a large decline
- Gasoline inventories rose by 1.1 million barrels
- Distillate supplies decreased by 1.5 million barrels
- Stocks at the Cushing hub increased by 1.8 million barrels
Previously observed expectations had centered on the following figures:
- Crude: +1.9 million barrels
- Gasoline: +1.1 million barrels
- Distillate: -1.5 million barrels
Share to
Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
Related articles
Crude oil climbs amid renewed US-Houthi clashes in Middle East
Oil prices turned higher after US strikes on an Iranian base and Houthi attacks on Saudi oil facilities, with WTI at $103.13.
1 h ago8 min read
Al-Arabiya: US and Iran set to reveal talks breakthrough this week
Al-Arabiya reports a US-Iran breakthrough could be announced this week, but the two sides remain divided over the order of concessions.
7 h ago7 min read
Crude oil slips after Trump waives Russia sanctions; geopolitical tensions sustain support
Crude oil fell after Trump waived some Russian sanctions, but geopolitical tensions from Ukraine and the Middle East continue to support prices.
9 h ago7 min read