Oil prices hover around US$110/bbl as Hormuz stays shut ahead of Trump deadline
LONDON: Oil prices hovered around $110 a barrel on Tuesday as a deadline imposed by U.S. President Donald Trump loomed for Iran to open the Strait of Hormuz or be "taken out".
Oil steadies as traders track push for ceasefire
NEW YORK: Oil steadied as traders tracked a report of a push for a ceasefire in the Middle East, after President Donald Trump announced a fresh ultimatum on Iran if the Strait of Hormuz was not reopened.
Opec+ makes symbolic oil hike, sees long supply hit from conflict
NEW YORK: The Organisation of the Petroleum Exporting Countries and its allies (Opec+) warned that damage to Middle East energy assets will have a prolonged impact on oil supply even after the Iran war ends, as it approved a symbolic increase in output quotas for next month.
Oil prices fall on US-Iran receiving peace proposal
LONDON: Oil prices fell more than $2 in choppy trade on Monday, as investors awaited clarity on the status of talks between the U.S. and Iran and remained wary about sustained supply losses due to shipping disruptions.
Oil prices rise as US-Israeli war with Iran continues to disrupt supply
TOKYO: Oil prices climbed on Monday on continuing fears of supply losses because of shipping disruptions in the key Middle East producing region from the U.S.-Israeli war with Iran. Brent crude futures rose $1.71, or 1.6%, to $110.74 a barrel by 0057 GMT. U.S. West Texas Intermediate crude futures gained $0.71, or 0.6%, to trade at $112.25 per barrel.
CPO’s strong rally lifts plantation outlook
PETALING JAYA: Crude palm oil prices (CPO) have surged to RM4,500 per tonne, driven by positive demand from the United States and Indonesia's biofuel policy expansion.
Rubber prices set to rise amid supply disruptions
KUALA LUMPUR: The rubber market is expected to trend higher this week boosted by higher demand for the commodity amid supply disruption due to the West Asia crisis, an expert says.
Gold futures likely to see cautious trading
KUALA LUMPUR: The gold futures contract on Bursa Malaysia Derivatives is expected to trade cautiously this week, as markets anticipate that central banks will maintain aggressively hawkish stance due to rising energy-driven inflation.
Malaysia’s palm oil sector in advantageous position despite West Asia conflict
KUALA LUMPUR: Malaysia is in an extremely advantageous position as one of the world's top palm oil exporters, continuing to supply edible oils to countries which are grappling with rising food prices and fertiliser supply disruptions due to the closure of the Strait of Hormuz.
Aluminium slips on firmer dollar, but heads for biggest weekly gain in a month
BEIJING: Aluminium fell on Friday, as a stronger dollar and mounting concerns over a potential economic recession after dimming hopes of a quick end to the Iran war outweighed supply fears that kept prices of the metal on track for a weekly gain.
