The tropical Pacific is in the grip of one of the strongest El Niño events on record, and the world’s weather agencies say it has not yet peaked. On Thursday, the US National Oceanic and Atmospheric Administration (NOAA) said a strong-to-very strong El Niño is likely through January–March 2027, with a better than 79% chance.
Oil prices fell slightly, with Brent crude just below $96 a barrel on Friday, November 13, close to Thursday’s settlement. The fall comes as the International Energy Agency said global oil supply has overtaken demand for the first time since the Iran war began. What happened to oil prices today? Brent crude futures for January
Gold prices fell on Friday despite a sharp collapse in Asian stock markets, as rising oil prices and expectations of further US interest-rate increases weakened demand for the traditional safe haven. Spot gold slipped 0.6% to $4,063.39 an ounce by 02:48 GMT, while December futures declined 1% to $4,072.90. Japan’s Nikkei 225 lost about 5.7%
Oil prices rebounded for a second session on Friday, November 6, 2026, as tanker attacks renewed supply concerns, although Brent crude remained headed for a steep weekly oil price decline. January Brent futures rose 1.31% to $99.58 a barrel at 05:04 GMT, after briefly crossing $100. WTI oil prices gained 0.95% to $91.38. Both benchmarks
Oil prices fell again on Monday after Brent’s steepest weekly decline since the pandemic, amid growing hopes of a US-Iran peace deal. Brent slipped 0.85% to $97.48 a barrel by 01:38 GMT, while West Texas Intermediate lost 0.35% to $90.51. Brent dropped roughly 17% last week, even as tanker attacks continued near the Strait of
Gold price rebounded on Monday and is nearing the highest level in three weeks as investors reacted to the latest US jobs report and waited for Tuesday’s inflation data. It jumped to $4,130, up by over 7% from its lowest level this year. Gold jumped after the strong US jobs data Gold rose on Monday,
The oil price today fell sharply, with Brent crude down nearly 5% on Monday, as Qatar’s prime minister headed to the White House with an Iranian proposal to reopen the Strait of Hormuz. What happened to oil prices today? Brent crude futures for January delivery were down 4.7% at $93.68 a barrel at 14:11 GMT,
Crude oil extended its decline and remained in a bear market after President Donald Trump met with Qatar’s Prime Minister. Brent, the global benchmark, fell to $91.4, down 22% from its October high. Technicals suggest that the downward trend will continue in the near term. Crude oil price falls as Trump considers next moves on
Gold prices reversed course on Tuesday, November 10, giving up their recent gains after stronger-than-expected US inflation data pushed Treasury yields and the dollar higher. Spot gold last traded at $4,054.90 an ounce, down 2% on the day, shortly after the CPI data was released. COMEX gold futures for December delivery were at $4,060.80 at
Oil prices rebounded on Wednesday, recovering from a two-month low as fresh attacks on tankers near the Strait of Hormuz complicated hopes of easing tensions between the US and Iran. Brent crude climbed 1.1% to $92.53 a barrel by 04:20 GMT, while US West Texas Intermediate gained 0.8% to $86.71. The recovery followed a sharp