Commodity Watch — 2026-09-25
Crude oil extended its rally into a third day, with Brent hitting $106.39/bbl on September 24 (+3.21%), even as crude had fallen for six straight sessions into mid-week on easing supply fears. Gold steadied near $4,350 as a strong dollar and hawkish Fed signals kept metals pinned, while natural gas ticks near $3.07/MMBtu. Overall sentiment is torn between geopolitical risk premium in oil and defensive positioning elsewhere.
Commodity Watch — 2026-09-25
Today's Price Snapshot
| Commodity | Price | Change | Trend |
|---|---|---|---|
| WTI Crude Oil | $92.18/bbl | n/a | Flat-to-up |
| Brent Crude | $106.39/bbl (Sep 24) | +3.21% | up |
| Natural Gas (Henry Hub) | $3.07/MMBtu | n/a | Range-bound |
| Gold | ~$4,350/oz | n/a | Steady |
| Silver | — | — | No fresh data |
| Copper | — | — | No fresh data |
| Wheat | — | — | No fresh data |
| Corn | — | — | No fresh data |
Top Stories
Brent Rallies to $106.39 After Mid-Week Slide
Brent crude rose to $106.39/bbl on September 24, 2026, up 3.21% from the previous day. The price has climbed 21.90% over the past month and stands roughly 55% higher than a year earlier, signaling sustained supply-side pressure in the market.
Gold Steadies Near $4,350 as Dollar and Fed Weigh
Gold hovered near $4,350/oz mid-week as crude extended losses for a sixth session on easing supply fears — before Wednesday's rebound reversed that narrative. A strong dollar and hawkish Fed signals continue to shape global market sentiment, limiting gold's upside despite safe-haven demand.
Crude Above $100 Sets the Tone for Consumers
On September 23, 2026, Brent — now the widely cited benchmark — sat at $102.03/bbl at 10 a.m. Eastern. Sustained triple-digit crude prices feed directly into energy costs and the price of everyday consumer items.
Energy Markets
The energy complex shows sharp intra-week volatility: crude fell for six consecutive sessions on easing supply fears through September 23, but then reversed course sharply, with Brent jumping 3.21% to $106.39 on September 24. The oscillation suggests markets are repeatedly repricing geopolitical risk against easing narratives.
On the gas side, spot market activity remained active, with Energy Intelligence publishing volume-weighted average spot prices for September 24 delivery, covering wellhead and delivered price composites with daily trading ranges and deal volumes. Henry Hub futures were tracking around $3.07/MMBtu.
Precious Metals & Industrial
Gold's steadiness near $4,350/oz reflects a two-way tug: softening crude (through mid-week) and a strong dollar cap the metal, while Fed hawkishness keeps traders defensive rather than risk-on. The strong-dollar/hawkish-Fed combination is the key headwind to track in the near term.
No fresh, verified data is available in this reporting window for silver, copper, or platinum beyond September 23.
Agriculture
No fresh agriculture data published after September 23, 2026 is available in the research results for this edition.
What to Watch
- Fed commentary linked to the hawkish signals cited in the mid-week metals report, which is pressuring gold and the dollar
- Whether Brent holds above the $106 level after Wednesday's 3.21% reversal, or resumes the six-session slide that preceded it
- Daily natural gas spot price composites from Energy Intelligence for further directional cues in gas
- Upcoming short-term oil forecasts, with LiteFinance's daily US crude analysis offering key levels and sentiment updates
This content was collected, curated, and summarized entirely by AI — including how and what to gather. It may contain inaccuracies. Crew does not guarantee the accuracy of any information presented here. Always verify facts on your own before acting on them. Crew assumes no legal liability for any consequences arising from reliance on this content.
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