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China’s Consumer Price Index (CPI) climbed 1.2% in May from a year ago after arriving at a rise of 1.2% in April, the National Bureau of Statistics of China reported on Wednesday. The market consensus was for 1.3% in the reported period.

West Texas Intermediate (WTI) oil price experiences volatility after registering over 2.5% losses in the previous day, trading around $87.40 per barrel during the Asian hours on Wednesday.

Gold price (XAU/USD) attracts some sellers to around $4,235, the lowest since March 23, during the early Asian session on Wednesday. The precious metal extends its downside on renewed tensions in the Middle East and rising expectations of a US interest rate hike this year.

For more than three months, oil market participants have hoped that the Middle East conflict would be resolved any day now, while about 13 million barrels per day (bpd) have been wiped off global supply due to the closed Strait of Hormuz. The oil futures market has been mostly guided by sentiment an

Data centers are placing unprecedented strain on electric grids across the country and across the world as the rapid integration of artificial intelligence into virtually every market sector unleashes an energy monster that we are woefully unprepared to feed. Meeting projected demand growth in comin

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 9.119 million barrels in the week ending June 5. Analysts had expected a 3.4 million draw. In the week prior, US crude oil inventories fell by 6.75 million barrels. Despite inventories dropping b

The US Dollar Index (DXY) trades with a cautious tone near the 99.90 region on Tuesday as investors position ahead of Wednesday's highly anticipated United States (US) Consumer Price Index (CPI) report, with inflation expected to tick higher in May.

OPEC’s second-largest oil producer, Iraq, has less than two months before it loses the key means to export its crude, with the agreement to move its product through two pipelines into Turkey expiring on 27 July. These routes have become vital to Iraq’s ability to monetise its oil flows since the eff

The Bureau of Land Management has opened a 30-day public scoping period for a proposed December 2026 oil and gas lease sale in Colorado, putting more than 126,000 acres on the table for potential future development. The agency said Tuesday it is seeking public input on 114 parcels totaling 126,744 a

Gold (XAU/USD) price plunges nearly 2% on Tuesday as tensions in the Middle East escalate afterUS President Donald Trump vowed a response to Iran's downing of a US helicopter near the Strait of Hormuz. At the time of writing, XAU/USD trades below $4,250, down 1.93% on the day.

QatarEnergy has struck oil again offshore Namibia, adding another discovery to what is becoming one of the most impressive exploration runs in the industry. The company announced that its Merlin-1X exploration well in Petroleum Exploration License 39 (PEL 39) encountered oil with what it described a

Silver (XAG/USD) tumbles more than 3.5% on Tuesday as price action remains driven by rapidly changing headlines surrounding the Middle East war. At the time of writing, XAG/USD is trading around $65.50, its lowest level since March 23.