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Commodity Watch — Jul 12, 2026, 18:00 UTC
Oil prices are again at the forefront. Crude Oil is trading at $71.41, down 0.93%. This follows reports of a US-Iran ceasefire collapse. Geopolitical tensions in the Middle East drive immense oil volatility. The Strait of Hormuz remains a critical choke point.
Key takeaways
- Crude Oil is trading at $71.41, down 0.93%.
- It trades at $4,113.7, a 0.65% decline.
- It's at $2.94, down 2.39% today.
Transcript
Oil prices are again at the forefront. Crude Oil is trading at $71.41, down 0.93%. This follows reports of a US-Iran ceasefire collapse. Geopolitical tensions in the Middle East drive immense oil volatility. The Strait of Hormuz remains a critical choke point. Gold, typically a safe haven, is also down. It trades at $4,113.7, a 0.65% decline. This comes despite our Fear & Greed Index showing "Fear." Markets are digesting the latest Fed minutes. Significant uncertainty on monetary policy path weighs on many assets. Natural Gas also saw a significant drop. It's at $2.94, down 2.39% today. Copper, however, found some footing, up 0.26%. Geopolitical instability and central bank policy dictate these price swings. Stay informed on these crucial global connections. This is Commodity Watch on rawfin.tv.
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