Commodity Market Recap Week #25

Last Week’s Commodity Highlights and How to Predict What’s Next

Dear Readers of The Merchant’s News,

the world’s energy markets teetering on the edge as U.S. bombers strike Iran’s nuclear facilities, oil prices rocket upward, and gold surges to a jaw-dropping $3,431.38 per ounce.

It’s June 23rd and the past week has been a rollercoaster for anyone tracking oil, gas, and metals. Brent crude oil leapt from $74.23 to $79.23 per barrel a 6.7% spike fueled by fears that Iran might choke off the Strait of Hormuz, a narrow waterway carrying 20% of the globe’s oil and gas.

Meanwhile, natural gas prices are stuck in the doldrums at $2.74 per MMBtu, weighed down by overflowing U.S. stockpiles.

Gold and silver are glittering as safe-haven stars, while copper and nickel stumble amid economic jitters.

Big Oil giants like ExxonMobil and Chevron are doubling down on blockbuster oil fields and lithium bets, and mining titans like BHP and Rio Tinto are juggling cash payouts with green energy pivots.

Agenda
Here’s what we’re going to talk about:

• 🛢️Oil and Gas: What happened with oil and natural gas prices last week and why

• 🏭Big Oil Companies: Quick updates on BP, Shell, Chevron, and Exxon Mobil how their stocks are doing and what’s new

• 🧈Metals: How gold, silver, and metals like copper are moving

• ⛏️Mining Companies: The latest on Glencore, Rio Tinto, and BHP, and their stock trends

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