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21/03/2026
Fitch Ratings: If the Hormuz oil pipeline is closed for six months, the average oil price could reach $120 per barrel.
Latest
2 m ago
As of the week ending on March 17, the data from the Commodity Futures Trading Commission showed that speculators in COMEX gold increased their net long positions by 3682 contracts to 105920 contracts. Speculators in COMEX silver decreased their net long positions by 420 contracts to 9301 contracts. Stock fund managers reduced their net long positions in CME S&P 500 index by 9545 contracts to 884457 contracts. Stock fund speculators reduced their net short positions in CME S&P 500 index by 15414 contracts to 326497 contracts.
2 m ago
Francisco Blanch, Head of Commodities and Derivatives Research at Bank of America Merrill Lynch: The current conflict has already led to a tightening of global energy supply, and this shipping channel needs to be reopened as soon as possible to control the damage it is causing to economic growth.
3 m ago
Bank of America: If the Strait of Hormuz remains closed, the risk of global economic recession may be approaching.
3 m ago
As of the week ending on March 17, the data from the U.S. Commodity Futures Trading Commission shows that speculators in COMEX copper futures reduced their net long positions by 1070 contracts to 46,662 contracts.
4 m ago
Iraq claims that it will not hold foreign oil companies accountable for breach of contract under "force majeure" circumstances.
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