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Commodities

Weekly Recap: Historic Central Bank Stances, Earnings Act as Market’s “Safety Valve”

While some weeks pass in silence, others redraw the global economic map. The trading week of April 27 – May 1, 2026, falls firmly into the latter. Between five major central bank decisions, a historic Fed dissent, aggressive Japanese intervention to bolster the Yen, and blockbuster tech earnings, market expectations …

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Mid-East War Hits Exxon Mobil and Chevron Profits as Supply Lines Clog

Despite soaring oil prices triggered by the ongoing war in Iran, American energy giants Exxon Mobil and Chevron both saw their profits plummet in the first quarter of the year. The expected windfall from expensive crude was wiped out by unprecedented disruptions to oil shipments, proving that high prices don’t …

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Bitcoin Bounces Back Above $77K: Wall Street Records and Apple’s Stellar Earnings Reignite Crypto Rally

Key Takeaways Bitcoin rebounds: The world’s largest cryptocurrency rose 1.8% to $77,143 after dipping near $75,000 earlier in the week. April winning streak: Bitcoin gained 12% in April amid the temporary U.S.-Iran ceasefire and Wall Street’s record-breaking run. $80K still the wall: The $80,000 resistance level continues to cap rallies, …

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Trump Lifts UK Whisky Tariffs in Royal Charm Offensive: King Charles Wins What “Nobody Else Could”

Key Takeaways Tariff reversal: President Donald Trump announced he is lifting tariffs on whisky from Britain in a gesture honoring King Charles. Royal influence: Trump credited the King and Queen with achieving what “nobody else was able to do, without hardly even asking.” Final day flourish: The announcement came on …

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Gold Stuck Near One-Month Low: Iran War Inflation Fears and Hawkish Central Banks Crush Bullion

Key Takeaways Prices slip: Spot gold fell 0.5% to $4,600.06/oz, while gold futures dropped 0.4% to $4,611.54/oz — both close to one-month lows. Quiet trading: Volumes were muted due to market holidays across most of Asia. Two months of losses: Spot gold lost roughly 1% in April, extending March’s near …

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Oil Holds Near 2022 Peaks: Iran Defiance and Trump’s Military Options Keep Crude on Edge

Key Takeaways Prices stay elevated: Brent crude futures for July rose 0.4% to $110.87/barrel; WTI for June held flat at $105.20. Four-year high: The expiring June Brent contract hit over $126 per barrel on Thursday — the highest since the 2022 Russia-Ukraine crisis. Trump weighs strikes: The president is considering …

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Oil Shock Sends Markets Reeling as Iran War Fears Push Crude to Multi-Year Highs

Global oil markets erupted into fresh turmoil after reports emerged that Washington is reviewing new military options tied to the escalating Iran conflict, sending crude prices soaring to their highest levels since 2022 and reigniting fears of a global inflation shock.Brent crude briefly surged above $126 a barrel before retreating …

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