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Commodity Watch — Sep 12, 2026, 12:00 UTC

Oil prices surged $1 after Iran launched missiles at Jordan. This headline dramatically underscores market sensitivity. Yet, Crude Oil for October 26 is now down 2.37%. It trades at $100.05 a barrel today. This whipsaw action reflects deep geopolitical risk.

#commodities#gold#oil#silver#market

Key takeaways

  • Oil prices surged $1 after Iran launched missiles at Jordan.
  • Yet, Crude Oil for October 26 is now down 2.37%.
  • It trades at $100.05 a barrel today.

Transcript

Oil prices surged $1 after Iran launched missiles at Jordan. This headline dramatically underscores market sensitivity. Yet, Crude Oil for October 26 is now down 2.37%. It trades at $100.05 a barrel today. This whipsaw action reflects deep geopolitical risk. OPEC+ supply strategies are constantly scrutinized. Global demand uncertainties also weigh heavily. Any escalation in the Middle East will fuel volatility. Meanwhile, Gold Dec 26 sees a modest rise. It is up just 0.04% to $4,408.9. This slight gain signals market caution, not panic. Investors seek safety amid global tensions. The imminent CPI data also shapes this sentiment. A hawkish Fed outlook could impact gold's appeal. Even Natural Gas Oct 26 is down 0.11% to $2.831. Energy markets remain incredibly reactive to world events. Geopolitical instability is the ultimate price driver. Commodities are direct indicators of global stability. These critical world events dictate market direction. This is Commodity Watch on rawfin.tv.

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