Plug Power stock has slumped sharply in the past few days, moving from a high of $4.33 on June 2nd to the current $2.91. It has slumped to its lowest point since April 20th, with the market capitalization falling from over $5.7 billion to $4 billion today. So, will this hydrogen giant rebound or fall
Brent crude oil price retreated for the fourth consecutive day as tensions in the Middle East cooled following President Donald Trump’s intervention. It dropped to $93.50, down sharply from the year-to-date high of $120. Still, all signs show that the price will rebound in the coming days and weeks. Brent crude oil price falls as
Gold prices were little changed on Tuesday as investors balanced a tentative pause in hostilities between Israel and Iran against the prospect of stickier inflation and higher US interest rates. Spot gold held near $4,332.50 an ounce in early trade, stabilising after touching its lowest level in more than two months in the previous session.
China’s aluminium exports jumped sharply in May as the world’s largest producer moved aggressively to fill global shortages caused by the ongoing Middle East conflict. At the same time, copper prices held relatively steady on Tuesday as tensions eased after both Iran and Israel agreed to halt attacks on each other, with traders now shifting
Despite three months of war severely restricting traffic through the Strait of Hormuz, the global oil market has remained calmer than many expected. One key reason appears to be a surprising volume of “clandestine flows”, tankers moving oil through the vital chokepoint with transponders turned off to avoid detection. Visible commercial traffic through the Strait
Global oil markets are facing renewed uncertainty as the conflict in the Middle East shows little sign of resolution, with Iran and Israel exchanging missile strikes and allied groups threatening to escalate. Prices surged at the start of the week but quickly retreated, underscoring both the volatility of the situation and the market’s fragile balance.
Oil prices plunged more than 3% on Tuesday as Iran and Israel announced a halt in attacks, thereby easing tensions in the Middle East. Gold prices were largely unchanged after slipping to a two-and-a-half month low in the previous session. Silver also continued its fall below $70 per ounce. Meanwhile, copper on the London Metal
Brent crude jumped sharply on Monday as fresh Israeli strikes threatened to break a fragile Iran-US ceasefire and pushed oil markets back toward the $100-a-barrel mark. The global benchmark rose as much as 4.4% intraday to about $97.15 a barrel on June 8, while West Texas Intermediate climbed above $94. The move followed several rounds
Gold extended its retreat on Monday as investors weighed a stronger US labour market, rising Treasury yields and another jump in oil prices, a combination that has complicated bullion’s usual safe-haven appeal. Spot gold fell 0.4% to $4,313.11 an ounce by 0302 GMT, adding to Friday’s roughly 3% slide that pushed prices to their lowest
Silver prices extended their losses during Monday’s late Asian trading session, falling to around $66.50 per ounce, the lowest level in more than two months. The decline came as investors increased expectations that the US Federal Reserve could tighten monetary policy further following stronger-than-expected US labour market data and persistent inflation concerns. The white metal