US crude and Brent crude, the international benchmark, tumbled 6 percent Monday, with the US crude falling well below $70 per barrel
Commodities
crude oil
Crude oil edges up Friday, but could be headed for biggest weekly loss in over a month
Brent crude futures rose 16 cents, or 0.2%, to $74.61 a barrel, while US West Texas Intermediate crude was at $70.84 a barrel, up 17 cents
Bullion Market
Gold prices surge to all-time high on Friday as rate cut, US election uncertainties drive investors to the safe haven asset
The current rally in gold prices comes close on the heels of gold emerging as the standout asset in Q3, 2024, appreciating by a whopping 13.8%
Brent Crude
Oil eases though investors wary over potential Mideast supply disruption
Brent crude oil futures fell 0.5% to $79.01 a barrel, while the US West Texas Intermediate crude futures dropped 0.4% to $75.53 per barrel on Friday
geopolitical tensions
Lebanon-Israel conflict: Investors urged to stay calm as oil prices surge amid Middle East geopolitical tensions
While short-term volatility is likely, the long-term outlook for oil prices remains subject to a wide range of influences beyond the current Middle East crisis, experts say
geopolitical conflicts
Oil prices rise as Middle East conflict fuels supply disruption fears
Brent crude futures increased 0.87 percent to $74.54 a barrel, while the US West Texas Intermediate crude futures gained 1.03 percent to $70.82 a barrel
China
Inside the global lithium boom and the geopolitical race for EV supply chain dominance
China and Russia are positioning themselves as major forces vying for control over these vital lithium deposits through strategic diplomacy and deal-making
Gold
Surge in India’s gold demand expected on the back of import duty cut, wedding season purchases
The country’s gold imports more than tripled to 140 tons in August from the previous month