West Texas Intermediate (WTI) Oil trades in a narrow range on Wednesday as traders weigh a sharp rise in US crude inventories against persistent supply risks in the Middle East. At the time of writing, WTI trades around $82.20 per barrel, hovering near a one-and-a-half-week high.

BNY notes Crude Oil prices remain elevated as doubts over a U.S.–Iran deal heighten supply concerns. The IEA reports global Oil markets tightened further in July, with demand, supply, refining runs and inventories all affected by geopolitical disruptions and high fuel prices.

Silver (XAG/USD) accelerates its advance on Wednesday and trades around $66.00 at the time of writing, up 2.18% on the day.

United States EIA Crude Oil Stocks Change above forecasts (-1.4M) in August 7: Actual (17.422M)

National Bank of Canada's (NBC) Jocelyn Paquet analyzes how China’s sharp reduction in petroleum imports helped offset the Middle East supply shock and limit Oil price gains. The July rebound in Chinese imports is highlighted as historically large in percentage terms.

The International Energy Agency (IEA) cut its global Oil supply and demand forecasts for 2026 amid shipping disruptions in the Middle East.

Gold (XAU/USD) rebounds on Wednesday after closing in negative territory on Tuesday for only the second time in six trading days. Traders now await the US Consumer Price Index (CPI) data, due at 12:30 GMT, to see whether the bullish momentum will continue or a reversal will take shape.

West Texas Intermediate (WTI) US Oil reverses lower on Wednesday and trades around $81.60 at the time of writing, down 0.77% on the day.

Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data. Silver trades at $66.56 per troy ounce, up 3.06% from the $64.58 it cost on Tuesday.

Commerzbank’s Charlie Lay and Dr. Henry Hao note that Brent and WTI firmed as markets reassessed prospects for a Hormuz deal, with the previous close at USD88.91 for Brent and USD83.20 for WTI.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts buyers for the third straight day and trades just below the $83.00 mark during the Asian session on Wednesday, close to a nearly two-week high set the previous day.

Gold prices rose in India on Wednesday, according to data compiled by FXStreet.

Silver price (XAG/USD) trades 1.1% higher at around $65.40 during the Asian trading session on Wednesday. The white metal reflects strength ahead of the United States (US) Consumer Price Index (CPI) data for July, which will be published at 12:30 GMT.

Gold (XAU/USD) attracts some dip-buyers during the Asian session on Wednesday, stalling the previous day's retracement slide from the $4,435 region, or the highest level since June 5.

United States API Weekly Crude Oil Stock came in at 9.072M, above expectations (-0.5M) in August 7

Commerzbank’s energy team notes fading hopes for a US–Iran agreement to reopen the Strait of Hormuz, driving Brent toward USD 90 and gas oil to nearly USD 1,350 per ton. Drone attacks on refineries in Saudi Arabia, Russia, Libya and tight diesel supply add to the risk premium.

West Texas Intermediate (WTI) Oil trades modestly higher on Tuesday after two-way price swings, as headlines from the Middle East keep energy markets volatile. At the time of writing, WTI trades around $82.13, up more than 7% so far this week.

Silver price reverses its course, drops some 2.70% on Tuesday, even though US Treasury yields and the Greenback remained steady, amid news that if the US does not comply with Iran’s demands, the Strait of Hormuz would remain closed. The XAG/USD trades at $64.77, after hitting a daily high of $66.49.

Gold (XAU/USD) price registers modest losses on Tuesday, driven by a firm US Dollar as traders await the release of crucial US inflation data and the potential reopening of the Strait of Hormuz. The rise in energy prices is also capping the yellow metal´s advance.

West Texas Intermediate (WTI) US Oil retreats on Tuesday, trading around $80.40 at the time of writing, down 1.281% on the day. The US benchmark gives back its previous gains after Qatar reported progress in negotiations between Iran and Oman regarding the Strait of Hormuz.

Commerzbank’s Carsten Fritsch notes Gold breaking above USD 4,400 per ounce despite a sharp Oil rally, with Fed rate expectations only modestly higher after weak US labour data.

TradingKey - On August 11, international crude oil prices surged and then pulled back. Driven by uncertainties in US-Iran negotiations and supply risks in the Strait of Hormuz, WTI crude (USOIL) brief

Silver (XAG/USD) extends its correction on Tuesday and trades around $65.05 at the time of writing, down 2.31% on the day.

Talks between Oman and Iran have reached an advanced stage, Qatar’s Foreign Ministry spokesperson said on Tuesday.

ING strategists Warren Patterson and Ewa Manthey report that European Natural gas benchmark TTF jumped over 9%, moving back above EUR60/MWh as hopes for a US–Iran deal fade.

Gold (XAU/USD) pauses its rally on Tuesday after hitting a two-month high of $4,435 earlier in Asian trading hours. The modest pullback comes as uncertainty over when the Strait of Hormuz will reopen keeps Oil prices elevated.

Gold price (XAU/USD) trades 0.26% lower at around $4,380 during the European trading session on Tuesday.

Oil prices rally for the second consecutive day on Tuesday, with the barrel of the US benchmark West Texas Intermediate (WTI) trading at $83.50 during the European trading session.

Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $64.78 per troy ounce, down 2.72% from the $66.59 it cost on Monday.

Deutsche Bank strategists highlight that Brent Oil has broken above $85, closing near $88 as the Strait of Hormuz remains shut and rhetoric between the US and Iran escalates.