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U.S. Consumer Sentiment Hits Record Low as Gas Prices and Tariff Fears Deepen

Sentiment Erodes Further as Cost Pressures Accumulate

Nitish Kishor | 08 May 2026

U.S. Jobs Beat Forecasts. The Details Tell a Different Story

The U.S. Bureau of Labor Statistics, in its May 8 Employment Situation release, reported that nonfarm payrolls rose by a seasonally adjusted 115,000 in April. The figure nearly doubled the consensus estimate of 62,000 and followed a revised 185,000 gain in March. The back-to-back …

Nitish Kishor | 08 May 2026

WTI Crude Steadies Near $95 as Hormuz Ceasefire Holds Despite Military Clashes

WTI Crude Oilfutures dropped over 7% this week, trading near $95 per barrel on May 8 as Trump confirmed the Iran ceasefire remains intact following US-Iranian naval clashes in the Strait of Hormuz. The IEA warns 14 million barrels per day remain offline.Key HighlightsWTI …

Nitish Kishor | 08 May 2026

Gasoline Hits Four-Year High Territory as Hormuz, Inventory Draws, and Summer Demand Collide

Gasoline futures traded around USD 3.50 per gallon on May 8, climbing toward a four-year high as the Strait of Hormuz remained suspended, US inventories fell for an 11th consecutive week, and global refinery capacity shifted away from gasoline production ahead of peak summerDemand.Key …

Nitish Kishor | 08 May 2026

Copper Futures Near Record High as AI Buildout and China’s Acid Ban Tighten Supply

Copper futures climbed above USD 6.21 per pound on May 8, 2026, matching January record highs as AI infrastructureDemand, a China sulphuric acid export ban, and Middle EastSupplydisruptions reshape the global copper market.Key HighlightsCopper futures climbed above USD 6.21 per pound today, matching the …

Nitish Kishor | 08 May 2026

Gold Rises on Iran Peace Hopes But Fed Rate Risk Caps the Upside

A Market Caught Between Diplomacy and Data

Nitish Kishor | 08 May 2026
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