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.
2,521 total articles
Iran has warned Gulf governments that it would retaliate against U.S. strikes by targeting oil, power, water and other strategic infrastructure across the Gulf unless those governments use their influence on the United States to push for negotiations and an end to U.S. military action. The message was carried in a series of diplomatic contacts foll…
Sinopec has significantly increased purchases of Russia's Eastern Siberia-Pacific Ocean (ESPO) crude for July-September deliveries to make up for reduced Middle Eastern supplies caused by the Iran war. Multiple trade sources and ship tracking data show 30-40 cargoes purchased, equivalent to about 241,000-320,000 barrels per day, representing 5-6% o…
Gold extended gains for a fourth consecutive session, reaching a seven-week high as reports of a possible agreement to alter maritime control in the Strait of Hormuz weighed on oil, the U.S. dollar and Treasury yields. The move reduced near-term inflation fears and prompted markets to pare back expectations for further Federal Reserve rate hikes ah…
Oil futures slipped as markets balanced tentative progress toward a coordinated shipping route in the Strait of Hormuz with continued regional security threats and an unexpected increase in U.S. crude inventories. Brent and WTI were modestly lower while remaining on track for steep weekly losses after data showed U.S. stockpiles rose instead of fal…
U.S. authorities have paused avocado export inspections in Mexico’s Michoacan state after a security alert, interrupting USDA verification at authorized packinghouses. The suspension prevents normal processing of fruit destined for the United States and could delay shipments from a region that supplies the bulk of Mexico’s exports to its largest ma…
U.S. distillate fuel exports rose to a record 1.9 million barrels per day last week, surpassing May's previous high, while domestic stockpiles fell to their lowest seasonal level since 1996. The outflow - the fifth straight week above 1.5 million barrels per day - comes despite refiners running at full tilt and follows international disruptions tha…
Deal value in the U.S. upstream oil and gas sector plunged to $9 billion in Q2, a fourfold decline from the prior period, as volatile crude prices tied to the Iran conflict and a weaker gas outlook widened valuation gaps. A record Bureau of Land Management lease sale accounted for nearly half of the quarter's announced value, while a major Gulf of …
Iran and Oman have reached a mutual understanding on the geographic coordinates for a proposed shipping route through the Strait of Hormuz, and are preparing a joint statement that remains subject to potential obstruction by third parties, Iran's Foreign Ministry spokesperson said. Sources told Reuters the arrangement would give Iran control over s…
Gold jumped 3.34% to 4,291.2 in its largest single-day advance in months, leaving the metal about 28% above its 52-week low and closer to its all-time peak of 5,626.8. Short-term momentum gauges such as the 1-hour RSI at 82.7, stochastic RSI and Williams %R register overbought readings. While intraday moving averages and technical tools show strong…
Russian central bank minutes published after the July 24 meeting say rising fuel costs contributed about 0.3 percentage point to consumer price growth in June and a further 0.2 percentage point in the first half of July. The minutes attribute the spike to fuel shortages triggered by Ukrainian drone attacks on oil refineries and related logistics, n…
Russia's central bank reported that rising fuel prices pushed consumer price growth higher by roughly 0.3% in June and a further 0.2% in the first half of July. The spike followed Ukrainian drone strikes that disrupted refinery operations, causing shortages, long queues, price rises and rationing in some regions. The regulator cut its benchmark rat…
U.S. equity benchmarks returned to record territory after a strong session, lifted by a robust corporate reporting season and lower crude prices. SpaceX’s first quarterly results beat revenue expectations but failed to sustain a rally amid investor concerns over rising AI-related capital expenditure, cash burn and potential selling as lockup period…
Gold (XAU/USD) is trading at $4,156.51 this morning, up 1.94% on the day but still 25.7% below its all-time high of $5,595.46. While daily charts display bullish signals, weekly technicals remain firmly negative, creating a challenging entry environment. Structural supports such as central bank buying, renewed geopolitical risk and a sub-100 Dollar…
Oil prices continued to trend lower for a third consecutive session as signs of potential progress on an interim U.S.-Iran accord to reopen passage through the Strait of Hormuz reduced some supply-risk premiums. Brent and WTI both slipped, while industry data pointed to a rise in U.S. crude inventories, adding further downward pressure ahead of off…
Texas Governor Greg Abbott has directed a temporary halt to approvals of new data center projects seeking connections through the state's grid interconnection process while state agencies audit planned facilities. The directive comes amid rapid proposed increases in electricity demand, strong local opposition focused on energy and water use and pol…
European wheat futures slipped, reversing prior gains, after oil prices dropped to a three-week low and traders reevaluated the potential for Black Sea export disruptions. The December contract on Euronext settled down 1.6% at €283.50 per metric ton as market participants awaited results from an Algerian wheat tender.
The London Bullion Market Association has temporarily suspended Shandong Gold Smelting Co. Ltd from its Gold and Silver Good Delivery Lists after the refiner was placed on the U.S. Uyghur Forced Labor Prevention Act (UFLPA) Entity List. The LBMA has opened an incident review process and described the suspension as an interim step while it consults …
Chicago Board of Trade soybean futures fell by 11 to 14 cents per bushel amid trader expectations for better rainfall across the U.S. Midwest. Crop condition ratings were unchanged after a sharp decline the prior week and are at their weakest level for this point in the growing season in three years. Export demand, including a sale of 132,000 metri…
A senior Iranian official involved in negotiations said Iran is proposing temporary arrangements that would give it control over inbound shipping through the Strait of Hormuz while granting Oman a role in clearing outbound vessels after notifying Iran. The proposal marks a shift from Tehran's earlier demand for full two-way control, but disputes ov…
Wheat futures on the Chicago Board of Trade are forecast to open 7 to 9 cents lower per bushel when trading resumes Tuesday morning, pressured by renewed concerns that the conflict between Russia and Ukraine could further disrupt Black Sea grain shipments. A recent drone strike on a Turkish-owned vessel near Novorossiysk and a small improvement in …
London Gas Oil has experienced a sharp reversal from its $1,328 peak, with the most recent 4-hour close at $1,158.24, trading well under the 20-period SMA and breaching the 38.2% Fibonacci support at $1,146. Technical indicators point to bearish momentum but also flag a heightened risk of an oversold bounce as the price dipped below the lower Bolli…
Oil futures recovered modestly in Asian trade after tumbling nearly 5% the previous session. Markets are balancing President Trump's comments that talks with Iran are under way and Tehran's denial of negotiations, while U.S. crude export volumes declined to an eight-month low in July amid greater Middle Eastern supply following a temporary June cea…
U.S. crude oil exports dropped to 3.66 million barrels per day in July, the lowest monthly level in eight months, as a brief June agreement between the United States and Iran allowed Middle Eastern barrels back into world markets and reduced foreign demand for American crude. Shifts in regional flows, high refinery utilization at home and changes i…
Venezuelan crude shipments fell to 856,000 barrels per day in July, a 25% decline from June and the lowest monthly export level in five months, driven largely by a halving of deliveries to India after a pause in the Iran conflict freed up Middle Eastern supplies. The United States and India remained the top buyers in July, while China has not purch…
Nigeria’s state oil firm has floated two large September-loading cargoes while West African crude price differentials remained steady. Market participants reported lingering August cargo availability and cautious trading as geopolitical tensions in the Strait of Hormuz and the Red Sea weigh on activity. Indian refiners have stepped up purchases of …
