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.
2,156 total articles
U.S. Secretary of State Marco Rubio arrived in Bahrain to press Gulf Arab governments for support of a preliminary U.S.-Iran framework agreement. His three-day Gulf tour, which included visits to the United Arab Emirates and Kuwait, aims to reassure allies worried that concessions to Tehran could alter the regional security balance and affect oil f…
Crude futures fell sharply as traders priced in a faster return of Middle Eastern supply, outweighing concerns generated by low U.S. crude stockpiles. Recovery of traffic through the Strait of Hormuz, temporary shipping routes and an initial diplomatic accord have prompted short-term supply normalization, pushing prompt Brent and WTI to multi-month…
Gold extended losses in Asian trade, trading close to its lowest point in over seven months as a firmer U.S. dollar and rising odds of additional Federal Reserve tightening dented demand for the non-yielding metal. Spot gold and U.S. futures both fell, with bullion now down about 30% from January's record peak.
Oil prices extended their slide as tankers stranded during the conflict began exiting the Strait of Hormuz following an initial accord to end the U.S.-Israeli war with Iran. The return of traffic alleviated near-term supply concerns, even as U.S. crude inventories remain at multi-decade lows and negotiations over longer-term arrangements continue.
Oil prices dropped for a fourth straight session, reaching levels not seen since before the onset of the U.S.-Iran conflict. Improved transit through the Strait of Hormuz and signals that Iranian exports could resume under temporary sanctions relief trimmed a large portion of the geopolitical risk premium, even as U.S. fuel stock data showed mixed …
The White House has submitted a supplemental funding request asking Congress to approve just over $11 billion in additional aid for U.S. farmers coping with higher fuel and fertilizer costs tied to the Iran war. The proposal would add to $12 billion already distributed this year and, if enacted, would push projected direct payments to roughly $55.4…
A U.S. official said President Donald Trump will include a measure in a supplemental funding bill to permit year-round sales of gasoline blended with 15% ethanol (E15). The move represents the first formal effort by the White House to implement a policy the biofuels sector has sought for years and puts the administration at odds with refiners who w…
Chile’s state-owned copper producer Codelco has opened a strategic review of its investment priorities that will explore the possibility of selling or forming partnerships around some of its assets. Chairman Bernardo Fontaine told a lower-house congressional committee the assessment, expected to take three to four months, will determine whether it …
London cocoa futures surged to their highest level in five months amid trader concerns that El Nino could dent West African output for the 2026/27 season. The Ivory Coast has temporarily halted sales of export contracts for its main 2026/27 crop, and New York cocoa also reached five-month highs. Arabica coffee advanced as Brazil’s Cooxupe reported …
Brent crude second-month contracts traded above prompt-month prices on Wednesday for the first time since the Iran war began in late February, a sign of near-term supply pressure. Traders pointed to a surge of exports from the Arabian Gulf, with about 20 million barrels reported to have passed through the Strait of Hormuz in the previous 24 hours a…
Executives at U.S. oil and gas companies told a Dallas Fed survey they expect only a small uptick in domestic production under current price conditions, even as activity accelerated in the second quarter. The survey highlighted rising input costs, especially for oilfield service firms, and cited geopolitical and regulatory uncertainty as constraint…
Speaking in Kuwait City during a Gulf tour, U.S. Secretary of State Marco Rubio pledged that Washington will not take actions that weaken the security of its long-standing allies in the Gulf as technical negotiations continue to implement a recently signed U.S.-Iran memorandum. Rubio met Gulf leaders, including in the United Arab Emirates and Kuwai…
Physical crude cargoes are changing hands at unusually large discounts as Middle Eastern supply expands quickly following a 60-day interim agreement between the U.S. and Iran. The deal, which has temporarily eased sanctions and allowed some shipping through the Strait of Hormuz to resume, has released cargoes and spurred offers from major Gulf prod…
U.S. crude inventories declined by 6.1 million barrels in the week ending June 19 to 412.1 million barrels, outpacing analyst expectations. Stocks at the Cushing, Oklahoma delivery hub fell by 1.1 million barrels. Refinery crude runs and utilization rates decreased, even as gasoline and distillate inventories increased.
The Baltic Exchange dry bulk freight index fell Wednesday as weaker capesize and supramax vessel rates outweighed gains in the panamax segment. The main index dropped 33 points to 2,634, with capesize average daily earnings down $870 to $32,322 and panamax earnings up $235 to $18,641. The capesize index hit its lowest point since June 18.
Russia has asked the United States to clarify whether President Donald Trump has shifted his stance on the Ukraine conflict after French President Emmanuel Macron reported comments made at the G7 meeting in Evian. Russian Foreign Minister Sergei Lavrov said Moscow wants to know what changes, if any, emerged from the summit and reiterated complaints…
J.P. Morgan trimmed its Brent crude price forecasts for the second half of 2026, now estimating an $86 average in Q3, $80 in Q4 and $78 by year-end. The bank pointed to smaller-than-expected OECD commercial inventory withdrawals and larger demand losses, and noted that government Strategic Petroleum Reserve releases have been the primary source kee…
Keiko Fujimori secured a razor-thin victory in a protracted runoff, returning the Fujimori political movement to executive power in Peru. The result, declared decisive with 98.86% of votes tallied, comes amid allegations of fraud from her opponent, a tense vote count and warnings about the challenges she will face governing a country beset by crime…
An abrupt sell-off in chip-related equities injected notable volatility into markets as a leading U.S. chip-stock index fell 8% and Micron Technology plunged roughly 13% ahead of its earnings update. The move, coming after a year-to-date surge in memory-chip shares, coincided with a steep earlier retreat in South Korea’s KOSPI and renewed scrutiny …
UBS reports that the reopening of the Strait of Hormuz following a U.S.-Iran interim accord is prompting a fast rebound in global oil supply. The bank estimates that almost 80% of disrupted liquids will come back within three months and about 90% by the end of the year, while cautioning that restarting production and resolving logistical bottleneck…
Since a federal tax and spending law took effect last July, more than 4.7 million people have lost Supplemental Nutrition Assistance Program (SNAP) benefits nationwide, with Arizona experiencing the steepest proportional decline. The law reduces SNAP funding by $187 billion over 10 years and expands work requirements and documentation rules that st…
European natural gas benchmarks weakened as tanker movements through the Strait of Hormuz began to normalize. The return of Qatari-laden carriers into the waterway reduced the geopolitical risk premium that had been supporting elevated prices, sending front-month futures toward the 40 euro per megawatt-hour area and pushing benchmark contracts lowe…
The International Atomic Energy Agency confirmed inspections in Iran will proceed in the near term following an interim memorandum between the United States and Iran. IAEA Director General Rafael Grossi said modalities - including dates, procedures and locations - remain to be agreed with Tehran as the two countries enter a 60-day negotiating perio…
Aluminium prices declined to their weakest levels since late March after a drop in perceived Middle East risk and a stronger U.S. dollar. London Metal Exchange three-month aluminium fell to $3,208 per metric ton by 0701 GMT, while the most-traded Shanghai contract closed at 23,405 yuan per ton. Market participants expect Gulf-region supply to norma…
Israeli and Lebanese officials said a U.S.-backed proposal under discussion in Washington would transfer portions of territory occupied by Israeli forces in southern Lebanon to the Lebanese army after U.S. training and vetting. Israel would retain forces in a border buffer. The proposal is part of ongoing talks that began Tuesday and faces rejectio…
