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
UBS increased its weighting in industrial metals from moderately overweight to overweight, while trimming its energy allocation from overweight to moderately overweight. The bank points to a price pullback in base metals as an entry point amid structural demand and supply constraints, but warns of ongoing near-term volatility. Precious metals remai…
Markets briefly reacted to a hawkish tilt from the Federal Reserve after the central bank left rates unchanged at 3.50%-3.75%, but an unexpected 14-point memorandum of understanding between the U.S. and Iran dominated sentiment. The agreement pressured crude to multi-month lows and supported gains in Asian equities, while policymakers from the Fed …
Industry participants say an expected reopening of the Strait of Hormuz following a U.S.-Iran interim agreement could release large volumes of crude now stranded in the Gulf, weighing on regional benchmarks and refinery economics even as many Asian buyers have already booked summer arrivals and China trims runs for maintenance.
European natural gas prices fell for a sixth consecutive session following an interim peace agreement between the Presidents of the US and Iran. The Dutch front-month contract dropped to 40.04 per megawatt hour and the British contract slid to 96.45 pence per therm, with both benchmarks moving toward two-month lows. The accord includes reopening th…
Gold prices recovered from a prior session decline in Asian trading as an interim U.S.-Iran agreement eased concerns over a sustained oil supply shock. Gains were moderated by Federal Reserve signals that leave open the possibility of tighter monetary policy, supporting the dollar and Treasury yields.
Crude futures declined in early trading after the United States and Iran signed a 14-point interim memorandum that would end the Iran war, lift U.S. sanctions on Iranian oil and restore toll-free passage through the Strait of Hormuz. Brent and U.S. West Texas Intermediate both fell by more than 1% as traders adjusted to a prospect of faster-than-ex…
Oil prices eased in Asian trading after markets absorbed the details of a 60-day U.S.-Iran interim agreement and comments from U.S. President Donald Trump. While an expected return of Iranian crude weighs on near-term supply expectations, a larger-than-forecast draw in U.S. commercial stocks and unchanged U.S. interest rates provided mixed support …
Speaking in Evian-les-Bains, France, U.S. President Donald Trump said sanctions on Iran could be removed if Tehran changes its behavior and suggested frozen Iranian funds might be returned to avoid undermining confidence in the dollar.He emphasized the economic pressure sanctions place on Iran and reiterated a pattern of imposing and later lifting …
Northwest European gasoline refining margins fell $2.69 on Wednesday to $25.73 per barrel after U.S. President Donald Trump said his ceasefire agreement with Iran was not final and that he could resume the war if unsatisfied. The fall occurred even as regional inventories declined and several Eurobob gasoline barge trades were reported. U.S. gasoli…
Speaking at a press conference on the sidelines of the Group of Seven meeting in Evian-les-Bains, France, U.S. President Donald Trump said investigators have determined that the deadly February strike on a girls' school in Iran was not deliberate. The February 28 attack, on the first day of the conflict, was reported by Iranian officials to have ki…
At the conclusion of the G7 summit in Evian-les-Bains, President Donald Trump defended the United States' acceptance of a peace deal with Iran, saying he acted to prevent what he described as a potential economic catastrophe. The regional war that erupted after strikes on Iran has already driven up energy costs, intensified inflationary pressures a…
The U.S. Treasury did not publish an extension of a waiver on sanctions for Russian seaborne oil when it expired at midnight, and the administration has not said whether sanctions will be re-imposed. President Donald Trump said officials are monitoring oil prices and noted rising Middle Eastern flows after Washington and Tehran reached a memorandum…
U.S. crude inventories declined by 8.3 million barrels to 418.2 million barrels in the latest weekly report from the EIA, a larger draw than analysts anticipated. Refinery activity increased, while gasoline stocks edged down and distillates rose unexpectedly versus forecasts. The data highlights differences between market expectations and actual su…
Brazil's Finance Ministry executive secretary said that existing subsidies on diesel and gasoline can be withdrawn if crude oil prices settle around $80 per barrel amid signs of easing tensions in the Middle East. The ministry official tied potential policy changes to improvements in inflation expectations, recent moves in the currency and oil mark…
Several large tankers loaded with Iranian crude have transited past a U.S. naval enforcement line this week, signalling Iranian shipping is repositioning as a memorandum of understanding between Washington and Tehran nears formal signing. The movements come amid U.S. statements that its operations against Iran-linked shipping will remain in place u…
At the G7 summit in Evian-les-Bains, President Donald Trump said he had productive conversations with both Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy. Zelenskiy and European allies arrived at the lakeside meeting seeking to underscore recent battlefield gains attributed to Ukrainian drone operations deep inside Rus…
The U.S. Department of Commerce has granted SandboxAQ $500 million to develop new chemicals and materials for domestic semiconductor manufacturing. The contract, funded through CHIPS Act research allocations, focuses on substitutes for PFAS, catalysts for chip production, and magnets and batteries that avoid reliance on foreign rare earth supplies.…
Global equities held steady as markets prepared for Kevin Warsh’s first Federal Reserve policy meeting in his role as chair. Policymakers are widely expected to hold the federal funds rate steady, but investors are focused on Warsh’s vote and the tone of his remarks. Oil dipped below $80 a barrel after reports emerged of a U.S.-Iran memorandum of u…
European natural gas futures fell to their lowest levels in more than a month as new information from the U.S.-Iran peace deal led traders to dial back a conflict-driven premium. The Dutch front-month contract slipped to 41.4 euros per megawatt hour, while British gas dipped below 100 pence per therm to 98.69. The move reflects a broader market ass…
The International Energy Agency has revised down its near-term oil demand outlook following supply disruptions tied to the Gulf conflict. The agency projects a sharper decline in demand for 2026, a marked fall in global supply this year, and a gradual recovery of flows through the Strait of Hormuz to 8 million barrels per day by 2027, while noting …
At a summit in Evian-les-Bains, G7 leaders pledged continued support for Ukraine's territorial integrity and agreed to intensify pressure on Russia's war economy through strengthened sanctions, including measures targeting the oil and gas sectors. The leaders also welcomed an agreement between the United States and Iran and said they stand ready to…
Arabica coffee futures climbed sharply on ICE as traders covered short positions amid concerns over delayed harvesting in Brazil, a forming El Nino pattern and declining certified stock levels. Robusta and sugar contracts also moved higher, while dealers noted crude oil weakness earlier had weighed on the sugar market.
Hezbollah has said it expects Iran to make Israeli withdrawal from Lebanon a demand in the next round of U.S.-Iran negotiations that will follow formal signing of a memorandum of understanding. Iran’s foreign minister echoed that position, stating that continued Israeli occupation of Lebanese territory would be treated as a violation of the memoran…
The United States will allow Iran to begin selling oil and fuel immediately after signing a memorandum of understanding (MOU) intended to end the war, a senior U.S. official said. The waiver that permits such sales also includes services necessary to facilitate transactions - including banking, transportation and insurance - and becomes effective u…
Chinese electric vehicle maker BYD is boosting battery production inside Brazil as it seeks to increase local content to 50% by early 2027 and invest in large-scale energy storage to help the national grid. The company will expand production at its Camaçari plant in Bahia, add capacity for bus batteries, and weigh a new Battery Energy Storage Syste…
