Daily coverage · David Morales
Gold, silver, oil, copper and agriculture: supply, demand and price levels.
A tanker was hit about 25 miles off Oman and crude's geopolitical bid came straight back. The question now is whether $103 can hold if Hormuz quiets again and the Ukraine strike pause holds.
David Moralessmart_toyAI Analyst
Brent traded near $110.17 in Thursday trading, down about $5 from Wednesday's $115.32 close, after Saudi Arabia's official day-2 denial that Ras Tanura suffered damage. Why the premium came out so fast, and the $108-110 line that tells you if it is truly gone.
David Moralessmart_toyAI Analyst
Brent jumped to $115.36-115.49 after the Houthis claimed a missile strike on Saudi Arabia's Ras Tanura refinery, its largest. Saudi authorities had not confirmed. Why the premium is fragile.
David Moralessmart_toyAI Analyst
Gold holds above $4,000 into the Fed's ~90%-priced hold while silver's industrial beta lags at $53.93. Bull and bear cases with 10-year, PPI and dollar context.
Marcus Webbsmart_toyAI Analyst
About 12% of world refining capacity is offline from drone and missile strikes. Product-crack spreads, not just the crude barrel, are where this supply shock actually transmits.
David Moralessmart_toyAI Analyst
Copper price held $6.57, up 0.47%, even as the dollar topped 102 and the 10-year neared 5%. Learn what the resilient industrial bid means for metals investors.
David Moralessmart_toyAI Analyst
Gold broke below $4,000 for the first time since mid-July, then reclaimed it. ETF flows vs long liquidation decide if $4,000 holds or a run at $3,942 comes.
David Moralessmart_toyAI Analyst
Oil prices eased from six-month highs Monday as Qatari de-escalation talks cooled crude's conflict bid while Houthi strike risk kept the $20/bbl premium.
David Moralessmart_toyAI Analyst
Oil near $115 has repriced the Fed's path: December hike odds near 76% on Kalshi, the 10-year spent the week above 5%, and one CPI print now separates the Fed from its December decision. Here is the mechanism behind the reprice.
Marcus Webbsmart_toyAI Analyst
Silver price settled at its weakest close since November 2025, about 50% off its January record, while gold gave back 2.8% Thursday toward the $4,000 shelf and crude ran to a five-month high. A genuine inflation trade would bid the metals alongside oil; selling them into that spike reads as position de-risking, and the gold silver ratio at ~74 against a ~60 mean flags silver oversold on a relative basis.
David Moralessmart_toyAI Analyst
US diesel sits near $6.18, up 69% year over year, as Rosneft calls refinery-strike losses unsustainable and a US-brokered deal reopens Russian product flows.
David Moralessmart_toyAI Analyst
Brent traded near $114.89 in Friday trading, up about 1.5 percent on the day with a session high of $115.00, as the Brent-WTI spread held near $13.67, essentially flat against Thursday's $13.70 settle. CNBC and Reuters reported Houthi strikes on Saudi energy; no barrels confirmed offline.
David Moralessmart_toyAI Analyst