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Crude Oil Plunges 5.63% to $76 as US-Iran Diplomacy Advances on Hormuz

Crude oil fell more than 5% to $76 a barrel on Tuesday, reversing earlier gains as hopes for renewed diplomacy between the US and Iran eased concerns over supply disruptions. US Treasury Secretary Scott Bessent said that there is a chance of a deal …

Vinay Lochav | 04 August 2026

Gasoline Falls 4.29% to Over 5-Week Low as Hormuz Diplomacy Eases Prices

Gasoline in the US fell below $2.90 per gallon, down 4.29 percent to the lowest level since June 26, as easing geopolitical tensions weighed on energy prices. US Treasury Secretary Scott Bessent said that there is a chance of a deal today or tomorrow …

Vinay Lochav | 04 August 2026

Heating Oil Falls 2.75% to Three-Week Low as Middle East Tensions Ease

Heating oil in the US fell below $3.70 per gallon, down 2.75 percent to the lowest level in more than three weeks, as easing geopolitical tensions in the Middle East reduced concerns over potential supply disruptions. US Treasury Secretary Scott Bessent said a deal …

Vinay Lochav | 04 August 2026

US Natural Gas Falls 3.72% to Three-Month Low on Record Output and Mild Weather

US natural gas prices declined below $2.70 per MMBtu, down 3.72 percent and reaching their lowest level in more than three months, as expectations for weaker demand and milder weather weighed on the market. Forecasts pointed to moderating temperatures across much of the country …

Vinay Lochav | 04 August 2026

US Job Quits Rise to 3.23 Million in June, Though Quits Rate Holds Near 2020 Lows

The number of U.S. workers voluntarily leaving their jobs rose by 79,000 to 3.23 million in June, an increase from a revised 3.15 million in May. Leisure and hospitality led the sector-level gains, adding 40,000 quits, driven primarily by accommodation and food services, while …

Vinay Lochav | 04 August 2026

Copper Climbs 1.67% Toward $6.60, Highest in Two Months, on Tightening Supply

Copper futures climbed toward $6.6 per pound on Tuesday, up 1.67 percent and reaching their highest level in two months as ongoing supply constraints continued to tighten market conditions. Analysts cited shortages of copper concentrate and scrap copper in top consumer China, driving treatment …

Vinay Lochav | 04 August 2026

Gold Rises 0.85% to $4,090 as Markets Weigh US-Iran Diplomacy and Fed Path

Gold rose 0.7% to $4,080 per ounce on Tuesday as investors assessed diplomatic efforts to ease US-Iran tensions and their potential impact on oil prices, inflation, and the Federal Reserve's policy outlook. US Treasury Secretary Scott Bessent said a deal to reopen the Strait …

Vinay Lochav | 04 August 2026

Silver Surges 3.67% to $59.80, Highest Since July 10, on Iran Diplomacy and Fed Odds

Silver surged more than 3% to $59.8 per ounce on Tuesday, its highest level since July 10, as investors evaluated diplomatic efforts to ease US-Iran tensions and their implications for oil prices, inflation, and the Federal Reserve's policy outlook. US Treasury Secretary Scott Bessent …

Vinay Lochav | 04 August 2026

Platinum Surges 7.61% Above $1,750, Highest Since Mid-June, on Iran Diplomacy

Platinum futures climbed above $1,700 per ounce, reaching their highest level since mid-June as gains across precious metals were supported by diplomatic efforts to ease US-Iran tensions. The metal's daily surge of 7.61 percent pushed it to around $1,750 an ounce, extending a monthly …

Vinay Lochav | 04 August 2026

Anthropic Names Mariano-Florentino Cuéllar as First Chief Global Affairs Officer

Anthropic named Mariano-Florentino Cuéllar as its first chief global affairs officer, a newly created position intended to manage the artificial intelligence developer's relationships with the U.S. government and the growing number of countries where the company is expanding its operations. Cuéllar will report directly …

Vinay Lochav | 04 August 2026
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