Markets · Commodity markets, July 31

Crude jumped hard into the weekend, with WTI up 3.84% as tensions around the Strait of Hormuz persisted

Friday, July 31, 2026. From GEO's evening brief, after the close.

Gold and silver both retreated, snapping a run higher, while cocoa surged more than 5%. Refined products diverged from crude, with both RBOB and ULSD falling. A busy geopolitical tape drove the energy complex all week.

Written with AI from public sources, checked by code, reviewed by GEO. Not investment advice.