US natural gas rose 8.34 percent to 3.05 dollars per million Btu in the site market tables, the fifth consecutive sharp rebound snapshot against the record money manager short position in the contract. No fundamental driver appears in this morning’s reporting; the move remains a squeeze pattern against crowded positioning into winter (see the updated US natural gas story in today’s commodities coverage).
Brent crude fell 4.11 percent to 110.58 dollars a barrel in the tables snapshot, with WTI down 1.12 percent to 101.63 dollars. Session reporting diverged again, with Interfax putting Brent at 114.02 dollars in Thursday trading, and the two are not averaged. No new attack or confirmation on Ras Tanura appears in this morning’s pool, and the official EIA data showed crude stocks down 1.9 million barrels with distillate 10 percent below the five year average (see today’s Brent update and today’s EIA story).
Broadcom rose 2.77 percent and the semiconductor index rose 2.13 percent. This morning’s technology reporting carries fresh AI spending news, including Google’s Gemini 4 launch and the global expansion of AI search ads, but no Broadcom-specific development appears in the reporting, so no single driver is claimed for the chip move.
Uranium miners rose 1.92 percent. No clear single driver appears in this morning’s reporting; the sector’s most recent hard news, on US uranium milling approvals, was published yesterday.
Silver fell 1.61 percent to 52.60 dollars an ounce and gold fell 0.33 percent to 4,038.10 dollars after the Federal Reserve held rates with two dissents in favour of a hike, a hawkish hold that pushed the 10 year Treasury yield up 5.2 basis points to 5.05 percent (see today’s gold update and today’s Fed story). Alphabet rose 1.34 percent on the morning its AI search ads expansion and Gemini 4 launch lead today’s technology coverage.
The cross-market read is positioning over fundamentals in energy and policy over growth in rates: gas squeezes higher with no supply news, crude softens in the snapshot despite tight distillate stocks and record tanker rates, and a Fed that held but leaned toward tightening lifts yields across the curve while precious metals slip and AI hardware keeps its bid.