Brent Crude Oil Futures Steady as Trump Initiates Release of Stranded Vessels in Hormuz Strait.
Brent crude oil futures showed minimal movement this morning, trading flat with July contracts at $108.18, reflecting a slight increase
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Thursday, June 18, 2026
Smart Market Insights
Commodity News
Global Oil Supply Deficit of 4.8 mbpd Could Be Mitigated by Demand Destruction, According to Report.
The global oil market is currently experiencing a significant supply deficit of approximately 4.8 million barrels per day (mbpd), largely
Read MoreGold Slides 0.7% While Brent Crude Stays Close to $95 Amid Rising US–Iran Tensions
Gold prices are experiencing constrained movements amid ongoing geopolitical tensions and uncertainty surrounding US-Iran negotiations. Currently, spot gold is priced
Read MoreGold Prices Dip Once More: Latest Rates in Chennai, Ahmedabad, Mumbai, Kolkata, Bengaluru, and Delhi
Gold prices in India have experienced a decline across most major cities as of April 22, 2026, reflecting broader market
Read MoreIndian Jewellery Shoppers Delay Purchases Amid Gold Price Fluctuations
Gold prices are currently experiencing volatility amidst a backdrop of fluctuating market conditions. Recent trading sessions show a notable uptick
Read MoreOPEC+ Nations Reach Symbolic Quota Increase in First Meeting Following UAE’s Unexpected Exit.
Current price movements in the oil market have been significantly influenced by OPEC+ decisions, particularly the recent agreement to increase
Read MoreCrude Oil Surges Past $103 Amid Rising US-Iran Tensions and Strait of Hormuz Disruption
Crude oil futures have exhibited a notable uptick recently, with Brent crude rising to $103.40 and WTI climbing to $94.53.
Read MoreIron Ore Stabilizes Amid Investor Concerns Over War-Driven Costs and Increasing Supply.
Iron ore prices have exhibited limited movement, with the most-traded contract on China’s Dalian Commodity Exchange holding steady at 785.5
Read MoreGold and silver prices dip as market forces and economic data weigh on bullion demand.
Gold and silver prices have experienced a decline in early Thursday trading, with spot gold falling 0.23% to $4,721.50 per
Read MoreChina and India Drive Positive Net Inflows in Gold ETFs, Signaling Continued Investment in Precious Metals in 2023.
Gold prices have recently shown a downward trend, falling over 15% since peaking at $5,608 an ounce on January 29,
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