Commodities

U.S. output climbs to 108.1 Bcf/day, storage sits 4.5% above five-year average, and Turkish spot prices slide 0.5% as mild October weather suppresses heating demand and deepens global oversupply | That's TradingNEWS

WTI (CL=F) sank to $58.90, Brent (BZ=F) hit $62.73—lowest since May—after Trump’s tariff threats, China’s rare earth curbs, and OPEC+’s 137K bpd hike fueled oversupply fears, erasing crude’s 2025 rebound | That's TradingNEWS

XAU/USD posts its strongest rally since 1979, up 50% YTD, fueled by rate cuts, falling yields, and record Chinese demand, while Barrick Gold (NYSE:GOLD) gains 22% in three months | That's TradingNEWS

Natural Gas futures drop 4.3% to $3.15/MMBtu, pressured by an 80 Bcf U.S. storage build, 82.8% EU inventories, and the Golden Pass LNG launch boosting export supply | That's TradingNEWS

WTI and Brent crude slump over 3% as traders shift focus from Middle East tensions to surging supply and soft demand, with forecasts for 2025–2026 diverging between $48 and $80 | That's TradingNEWS

Gold holds above $4,000/oz, up 50% in 2025, after touching $4,059, as Fed rate cuts, 98.69 DXY, and record central bank demand push forecasts toward $4,150 in 2026 and potentially $6,000 under extended bull conditions | That's TradingNEWS

Henry Hub futures retreat 1.9% with inventories at 3,641 Bcf, open interest down 3.9%, and OrderFlow Intel showing firm bearish bias — traders eye $3.20 support as winter demand looms | That's TradingNEWS

Oil retreats 1.7% after 3.7M-barrel U.S. build, Iran-linked sanctions, and OPEC+ supply growth pressure prices; Saudi break-even now $82.40 amid bearish tone | That's TradingNEWS

XAU/USD slips 2.1% amid Fed’s dovish tone, $1T central-bank reserves, and easing Middle East tension; RSI at 89.7 warns of overbought exhaustion | That's TradingNEWS

NG=F rebounds from $3.15 lows to $3.58 amid bullish U.S. forecasts, strong LNG exports, and rising European demand. With RSI at 57.2 and storage at 3.38 tcf, analysts warn volatility could spike as colder weather and Brazil’s 20% transport rate hike reshape the global gas balance | That's TradingNEWS

WTI (CL=F) settles at $62.55 and Brent (BZ=F) at $66.25 amid 1.2M-barrel Cushing draw, stronger U.S. demand, and restrained OPEC+ output. With Russian production near quota and EIA projecting $65 WTI next year, traders eye $69 resistance as global inventories stay razor-thin | That's TradingNEWS

With XAU/USD trading near $4,065 and ETF inflows topping $64B, gold posts its eighth straight weekly advance as investors hedge against political chaos, a weaker dollar, and historic policy uncertainty — positioning the metal for $4,580 before year-end | That's TradingNEWS

With storage nearing 4 Tcf and LNG flows at 16 Bcf/d, Natural Gas futures gain 4% to $3.49. Europe’s TTF rises 5.3% to €33/MWh, while technical resistance at $3.59 defines the next breakout zone amid growing cold-weather demand and export momentum | That's TradingNEWS

WTI (CL=F) slides to $61.49 and Brent (BZ=F) to $65.18 as global stockpiles rise, OPEC+ boosts production by 137,000 bpd, and U.S. output hits a record 13.7M bpd — fueling the steepest oil glut since 2020 | That's TradingNEWS

The metal soars 51% year-to-date to $4,006.50, fueled by a falling dollar, Fed cuts, and record ETF inflows — Goldman Sachs now sees $4,900 by December 2026 | That's TradingNEWS

Feedgas flows hit 16 Bcf/d while inventories tighten and Europe’s TTF climbs 5%; traders now target $3.60 resistance as OPEC+ keeps oil supply steady and U.S. gas balances enter winter bullish | That's TradingNEWS