BP Suspends Share Buyback Amid Overhaul — -2-

0838 GMT - Gold prices edge lower in early trading but remain above the $5,000 mark as investors await the release of key U.S. economic data this week. New York futures are down 0.4% to $5,059 a troy ounce. "Despite the rebound, price action continues to look positioning-driven rather than fundamentally new, with volatility still acting as a deterrent to broader participation," analysts at Sucden Financial say. "High margin requirements and elevated hedging costs are limiting the return of more commercial flows." Meanwhile, silver futures fall 1% to $81.47 an ounce.(giulia.petroni@wsj.com)

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Oil Inches Lower With U.S.-Iran Tensions in Focus -- Market Talk

0832 GMT - Oil prices slip in early trading after rising more than 1% in the previous session, with focus on U.S.-Iran developments. Brent crude is down 0.2% to $68.92 a barrel while WTI falls 0.3% to $63.59 a barrel. "Prices are struggling to break convincingly above $70 amid speculation that the risk of higher oil prices--and the impact of rising fuel costs--could ultimately push President Trump toward a negotiated settlement with Iran," analysts at Saxo Bank say. The benchmarks traded higher on Monday after the U.S. Department of Transportation said that American-flagged commercial vessels transiting the Strait of Hormuz should stay as far as possible from Iranian waters. (giulia.petroni@wsj.com)

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London's Miners Fall as Precious Metal Prices Slip -- Market Talk

0829 GMT - London's precious metal miners fall in opening trade and metal prices weaken. In New York, gold futures are down 0.4% at $5,060 a troy ounce while silver slides 1.1% to $81.31 an ounce. Prices remain high despite the slight falls. Hochschild Mining is down 2.2% while Fresnillo drops 1.5%. Endeavour Mining is down just under 1%. Commodity giant Glencore and Anglo American both fall around 0.5%. (adam.whittaker@wsj.com)

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BP's Quarterly Earnings Show Relative Resilience -- Market Talk

0819 GMT - BP's quarterly earnings are relatively resilient amid the weak pricing environment, Hargreaves Lansdown's Derren Nathan writes. While net debt is down after a spike in the third quarter, it hasn't budged much year-on-year, he adds. Management is taking clear action to strengthen its balance sheet by scrapping the buyback and increasing structural cost-saving targets, he adds. BP's "leaner meaner approach could pave the way for more sustainable payouts to shareholders" but investors will want some assurance on its spending plans, Nathan says. Shares fall 3.2% to 426.60 pence.(adam.whittaker@wsj.com)

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Palm Oil Rises on Stronger Soybean Oil -- Market Talk

0251 GMT - Palm oil prices rise in early Asian trading, supported by stronger soybean oil prices overnight on the Chicago Board of Trade, PhillipCapital says in a note. Market participants are awaiting key industry data from the Malaysian Palm Oil Board due later Tuesday as well as any guidance from the country's Palm Oil Conference under way, it adds. PhillipCapital sees resistance for crude palm oil futures at 4,350 ringgit a ton and support at 4,090 ringgit a ton. The Bursa Malaysia Derivatives contract for April delivery rises 5 ringgit to 4,165 ringgit a ton.(yingxian.wong@wsj.com)

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Iron Ore Rises Amid Hopes for China Stimulus -- Market Talk

0212 GMT - Iron ore rises in Asian trading, with the most-traded contract on the Dalian Commodity Exchange up 0.3% at 764.00 yuan a ton. Hopes for stimulus measures supporting demand in China later this quarter is lifting market sentiment, ANZ Research analysts say in a note. Meanwhile, Port Hedland in Western Australia has resumed operations after tropical cyclone Mitchell moved south, while other ports in the country are likely to follow shortly, ANZ adds. (jason.chau@wsj.com)

Write to Barcelona Editors at barcelonaeditors@dowjones.com

(END) Dow Jones Newswires

February 10, 2026 10:07 ET (15:07 GMT)