Commodities

3 July 2026
WTI slips towards $68 as US-Iran thaw eases risk premium and boosts Gulf supply flows

WTI slips near $68.40 as eased US-Iran tensions and restored Hormuz shipping boost supply, pressuring prices.

3 July 2026
AUD/USD edges higher after soft US payrolls but remains capped below 0.7000

AUD/USD rebounded after weak US payrolls, but stayed rangebound below 0.7000, maintaining broader downtrend.

3 July 2026
US oil rig count rises to 445 as higher crude prices bolster drilling appetite

Baker Hughes says US oil rigs rose to 445, indicating producer confidence, disciplined supply growth, and steady prices.

3 July 2026
EIA reports larger US natural gas inventory build, pressuring futures as summer-demand risks loom

EIA reported an 87 Bcf gas storage build, above forecasts, pressuring prices amid volatile summer demand.

2 July 2026
Australian exports slide 6.9% in May, weighing on Aussie dollar and miners as China demand cools

Australia’s May exports plunged 6.9%, reversing April’s surge, pressuring AUD, miners, and boosting dovish RBA bets.

2 July 2026
WTI slides towards pre-conflict levels as Hormuz flows recover and OPEC+ hike looms

WTI falls toward pre-conflict levels as Hormuz flows improve; OPEC+ supply hike outlook offsets US inventory draw.

2 July 2026
US Manufacturing PMI Miss Spurs Defensive Equity Hedges and Volatility Bets, Boosting Bond Appeal

US manufacturing PMI missed forecasts, signaling cooling growth; investors turn defensive, hedge volatility, rotate sectors, favor bonds, and short commodities.

1 July 2026
WTI slides below $69 as US-Iran talks rekindle supply hopes and Hormuz risks linger

Crude slides below $69 as US-Iran talk headlines spur volatility; Hormuz risks keep rebound hedges in focus.

1 July 2026
RBA Commodity Index Edges Higher as Price Growth Plateaus, AUD Upside Seen Limited

RBA commodity index up 16.9% y/y signals plateauing prices; AUD supported but crowded; hedge miners, sell premium.

1 July 2026
Gold Slips Below $4,000 As Fed Rate-Hike Bets Build

Gold price analysis: XAUUSD slips below $4,000 as fading US-Iran peace hopes, inflation risks and Fed rate-hike bets pressure bullion.

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