Price movements and fundamentals across major commodities.
Analysis and reporting on commodities such as oil, natural gas, gold, industrial metals, and agricultural products. Focuses on supply-demand dynamics, geopolitical risks, inventory trends, and macro drivers affecting commodity markets.
2,522 total articles
A vessel was struck by a projectile in the Strait of Hormuz overnight, officials said, igniting an engine-room fire about 8 nautical miles off Oman's coast. The incident occurred as millions of Iranians attended funeral processions for the slain Supreme Leader Ayatollah Ali Khamenei and as Iran's foreign minister warned that peace negotiations will…
European wholesale gas markets climbed on Tuesday as forecasts for an intense summer heatwave raised the prospect of greater power-sector demand while unscheduled extensions to maintenance in Norway reduced pipeline flows. Storage levels are refilling at a slower seasonal pace, leaving inventories below last year’s level at the same point and addin…
Gold prices retreated during Asian trading as markets wrestle with persistent uncertainty over U.S. interest rates and inflation. A reported vessel strike in the Strait of Hormuz renewed worries about energy disruptions, supporting the dollar and pressuring precious metals. Attention is focused on the Federal Reserve's June meeting minutes and the …
Crude futures rose modestly after reports of a tanker strike near the Strait of Hormuz heightened security concerns even as Saudi price cuts for Asia and an OPEC+ production increase raised expectations of more barrels returning to the market. Traders await updated forecasts from the U.S. Energy Information Administration while monitoring shipping …
Oil prices rose modestly as traders moved from geopolitics to fundamentals, weighing increases in Gulf output and OPEC+ production targets against uncertainty over whether demand will absorb expanding supply. Brent and U.S. crude advanced slightly, while investors monitored U.S.-Iran negotiations on shipping and early signs of demand, particularly …
Department of Energy figures show the Strategic Petroleum Reserve declined by 6.2 million barrels for the week ended July 3, leaving the SPR at 319.5 million barrels - its lowest level since April 1983. The drawdown is part of a planned 172 million-barrel release intended to alleviate global supply shortages tied to the Iran war and to ease fuel pr…
Ship-tracking data shows at least 16 tankers carrying a combined 28 million barrels of crude oil loaded in the Persian Gulf are expected to reach Europe during July and August. The cargo mix is led by Iraq and the UAE, while a handful of vessels have used the Sumed pipeline at Ain Sokhna as part of their routing.
In Washington on July 6, President Donald Trump said the United States would either reach an agreement with Iran or take military action to 'finish the job.' His remarks came after indirect talks between the U.S. and Iran ended last week without visible progress and following the funeral of Supreme Leader Ayatollah Ali Khamenei, where Iranians appe…
Iran has seen vast turnout at a week of funerals and public ceremonies for Supreme Leader Ayatollah Ali Khamenei, killed in U.S.-Israeli strikes at the start of the war. Authorities portray the crowds as a sign of unity and defiance, yet analysts, officials and participants caution that attendance does not equal broad popular support. Persistent ec…
Wheat prices on Euronext rose after a sharp rally in maize on both sides of the Atlantic and weather forecasts that raise concerns for corn crops. Support came from a weaker euro and a large Saudi Arabian purchase, while strong French harvest volumes and expected Black Sea output limited further gains.
The mass turnout at the funeral of Iran’s Supreme Leader signalled national unity and sent a message to the United States and Israel that Tehran weathered the conflict that began with U.S. and Israeli strikes on February 28. Officials and analysts say Iran is using that perceived resilience to press for recognition of its control over the Strait of…
Benchmark aluminium on the London Metal Exchange rose 0.8% to $3,115 per metric ton as market participants weighed ongoing supply-shortage forecasts against recent diplomatic developments in the Middle East. Physical inventories and delivery-designated metal remain constrained, supporting price resilience even after earlier intraday weakness tied t…
Global markets opened the week mixed as investors returned from the U.S. July 4 holiday. A softer-than-expected June U.S. jobs report and a busy corporate earnings calendar are shaping expectations for monetary policy and risk appetite. Tech names, particularly memory chipmakers, face scrutiny amid strong AI-driven demand, while oil moves and geopo…
European wholesale natural gas prices declined on Monday as traders balanced healthy regional inventories and easing shipping concerns in the Middle East against an anticipated heatwave in Northwest Europe that could push up power and air-conditioning demand. Market participants are also watching French river temperatures closely because of their p…
The global oil market has so far absorbed more than a billion barrels of lost supply since the Iran war began, aided by alternative exports, demand adjustments and large emergency stock releases. But with strategic inventories depleted, critical infrastructure damaged and ceasefire progress uncertain, the world now operates with a diminished safety…
Silver (SI) is trading at $62.08 on the 4-hour chart, confronting the 38.2% Fibonacci retracement at $62.13. Short-term indicators show an uptrend that is losing momentum near this resistance, creating a clear decision zone that could produce either a bullish continuation to $64.11 and beyond or a rapid retracement toward the $59-$60 support area.
Gold is trading at $4,162.55 on the 4-hour chart and has reached significant resistance at the 50% Fibonacci retracement level of $4,179.50. Short-term indicators show strong bullish momentum, but the metal remains below the 200-period moving average at $4,327.60 and faces layered resistance from the Ichimoku Cloud and a high-volume Point of Contro…
Australian Prime Minister Anthony Albanese apologised after making a crude remark about singer Kylie Minogue during a comedy podcast interview. The exchange, in which he answered a 'marry, date or shag' question posed by host Nikki Osborne, drew criticism from women's rights groups and opposition lawmakers, including senator Sarah Henderson.
Gold climbed in Asian trading as a weaker dollar and reduced market expectations for Federal Reserve rate hikes this year supported the metal. Spot gold traded higher after recovering from eight-month lows last week, while futures posted larger gains. Market attention remains on U.S. inflation and labor data, and the Fed's June meeting minutes due …
Oil prices drifted lower after OPEC+ agreed to lift production targets for August, reinforcing expectations of a better-supplied market. Traders are paring back the geopolitical risk premium that built during the Iran conflict as exports through the Strait of Hormuz recover, while analysts point to a bearish futures curve and growing prospects of a…
Oil slipped modestly after OPEC+ agreed to a further lift in production targets for August, even as exports from major Gulf producers show signs of recovery. Market reaction was muted given ongoing shipping disruptions through the Strait of Hormuz and uneven restoration of output among key members, while Russian shipments reached record levels in J…
Iran has initiated discussions with Japanese companies about resuming crude oil sales under a U.S. sanctions waiver issued June 22 as part of a 60-day peace process. The waiver runs until August 21, and potential Japanese buyers are pressing for an extended waiver and guarantees related to vessel security and insurance. Shipping hazards in the Stra…
OPEC+ members led by Saudi Arabia and Russia approved an addition of 188,000 barrels per day to their joint production quota for August. The increase, agreed at a video conference, brings cumulative quota restorations since the onset of conflict to 940,000 bpd. The decision arrives as Brent crude has retraced sharply from wartime peaks and as physi…
OPEC+ members are set to approve another rise in output targets beginning in August, with an increase of 188,000 barrels per day on the table. The incremental boost follows similar monthly increases in June and July, but a full return of supply remains constrained by disruptions to shipping through the Strait of Hormuz and the recent exit of the UA…
Authorities in St Petersburg and the surrounding Leningrad region reported a major overnight Ukrainian drone attack, with local officials saying the city and the Vysotsk port were struck. St Petersburg Governor Alexander Beglov called the assault "large-scale," while Leningrad region Governor Alexander Drozdenko said 72 drones were shot down and th…
