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#commodities

5 stories

Canton’s CC rises 4% as SEC staff view it as ‘digital commodity’
Crypto·

Canton’s CC rises 4% as SEC staff view it as ‘digital commodity’

Canton's native CC token rose 4% after regulatory staff issued guidance viewing earned CC tokens as digital commodities. The relief covers tokens earned by operating network infrastructure and decentralised applications. While not a legally binding commission ruling, the guidance offers significant operational clarity for ecosystem participants.

997615
Oil prices rise as Houthi attacks on Saudi refinery raise supply worries
CriticalStocks·

Oil prices rise as Houthi attacks on Saudi refinery raise supply worries

Oil prices surged following Houthi attacks on a major Saudi oil refinery, exacerbating global supply deficit concerns. Investors are preparing for potential energy disruptions as geopolitical tensions escalate in the Middle East.

OILXAU
3.1K2459
China industrial profits post strongest growth in three months, rising 14.4%
Stocks·

China industrial profits post strongest growth in three months, rising 14.4%

China's industrial profits expanded by 14.4%, recording their strongest growth in three months. The surge was primarily driven by global artificial intelligence demand and elevated commodity prices linked to geopolitical tensions. This robust earnings rebound highlights recovering industrial activity across chipmakers, miners, and raw material suppliers.

OIL
13.1K40012
API Reports Sharp Decline in U.S. Oil Inventories, Impacting COM ETF
Stocks·

API Reports Sharp Decline in U.S. Oil Inventories, Impacting COM ETF

U.S. oil inventories saw a substantial decrease of 4.93 million barrels as reported by the API, signaling a tightening market. This inventory draw is expected to influence crude oil prices and related ETFs.

OIL
1.1K533
Copper is outshining gold this year. Investors say the rally can survive an AI correction
Stocks·

Copper is outshining gold this year. Investors say the rally can survive an AI correction

Copper has outperformed gold with a 15.8% gain, driven by robust industrial demand from AI infrastructure and renewable energy grids. Investors believe this commodity rally remains resilient despite potential corrections in broader tech equities.

2.5K1549