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Commodity Watch — Jun 1, 2026, 19:00 UTC
Welcome to Commodity Watch on rawfin.tv. Geopolitics is truly dictating market moves today. Oil is front and center. Exxon and Chevron warn oil could hit 160. This is due to the ongoing Iran conflict. Low global stockpiles add to the pressure. Tensions in the Middle East drive this fear premium.
Key takeaways
- Exxon and Chevron warn oil could hit 160.
- Spot Gold GC is 5 006.7 down just 0.03 .
- However August futures are down 1.69 to 4 515.4.
Transcript
Welcome to Commodity Watch on rawfin.tv. Geopolitics is truly dictating market moves today. Oil is front and center. Exxon and Chevron warn oil could hit 160. This is due to the ongoing Iran conflict. Low global stockpiles add to the pressure. Tensions in the Middle East drive this fear premium. Gold often a safe haven shows a complex picture. Spot Gold GC is 5 006.7 down just 0.03 . However August futures are down 1.69 to 4 515.4. Our Fear Greed Index sits at 29 indicating Fear. Yet Bitcoin surged to 74 000 on Iran agreement reports. This suggests a shifting safe-haven narrative. World events directly impact prices. The Dow Jones closed above 51 000. S P 500 and Nasdaq hit new highs. This optimism links directly to potential U.S.-Iran deal developments. Geopolitics remains the key driver. Stay vigilant in this volatile landscape. This
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