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.
2,875 total articles
Oil prices declined for a third consecutive trading day as market participants balanced renewed conflict in the Middle East against signs that disrupted Saudi crude exports could be partially restored. Brent and WTI remained above $100 a barrel, but reports of pipeline repair efforts and alternative export routes eased some supply concerns. At the …
Gold prices rose on Friday as declines in oil and Treasury yields eased inflation pressures following a Federal Reserve rate increase. The rally has positioned bullion to end a choppy week higher, supported by inflows into gold-backed ETFs and renewed technical momentum, even as the prospect of additional Fed hikes remains a constraint.
Oil futures fell about 1% on Sept. 18, extending a three-session decline while holding above the $100 level. Markets balanced hopes that alternative shipping arrangements and partial pipeline recovery could limit supply disruptions against renewed cross-border strikes between Saudi Arabia and Yemen's Iran-backed Houthis.
U.S. authorities confirmed a second case of New World screwworm in a horse located in Grant County, New Mexico, as the USDA prepares to resume livestock imports at a New Mexico port that was closed over the parasite. Officials are investigating how the animal became infested while plans remain under review amid ongoing detections in the border regi…
The U.S. State Department announced that a restricted Iranian delegation will be allowed to attend next week’s United Nations General Assembly in New York, with visas issued to key officials but subject to travel and purchase limitations. The move comes amid ongoing hostilities between Washington and Tehran and intermittent negotiations aimed at en…
Shipowners have placed an unusually large number of orders for Very Large Crude Carriers (VLCCs) in 2026, more than doubling last year’s tally and totaling over $20 billion. The shift in ordering patterns is tied to changes in trade routes driven by the US-Iran conflict, the effective closure of the Strait of Hormuz, rising long-haul shipments from…
U.S. President Donald Trump said he hoped the war against Iran was drawing to a close as fighting broadened into Yemen, with Saudi aircraft striking Houthi positions and the Iran-aligned group launching drones and missiles at Saudi cities. The conflict's expansion has elevated global oil-supply risks after damage to Saudi Arabia's East-West pipelin…
Oil prices slipped in early trade as reports that Saudi Arabia is offering additional crude loadings via ship-to-ship transfers off Oman reduced near-term supply disruption concerns. Brent and U.S. crude extended losses after sharp declines the previous day, while underlying geopolitical tensions and weaker-than-expected U.S. inventory draws contin…
The U.S. Department of Transportation has issued a 90-day waiver that permits drivers carrying gasoline and diesel to be on duty up to 16 hours in any 24-hour period, up from the standard 14 hours, provided required rest breaks are taken. The Federal Motor Carrier Safety Administration said the measure is intended to provide flexibility in the face…
U.S. Energy Secretary Chris Wright told Fox News that a U.S. oil and gas producer will announce a large investment in Venezuela. The move comes as foreign companies restructure joint ventures and production-sharing contracts under Venezuela's broad energy reforms, and as new entrants - largely U.S.-based - commit to development projects supported b…
The U.S. Department of Agriculture is preparing to reopen a New Mexico port to livestock trade next week after a closure prompted by New World screwworm. Secretary Brooke Rollins said she will travel to New Mexico on Wednesday night and highlighted a phased return of cross-border trade that began in Douglas, Arizona in late August. The agency repor…
Wheat futures moved lower on Wednesday morning at the Chicago Board of Trade, pressured by technical selling that followed a drop in crude oil prices. Benchmark contracts for soft red and hard red winter wheat eased, while spring wheat in Minneapolis ticked up. The pullback was constrained by concerns over possible interruptions to Black Sea export…
A rapid Houthi advance that seized ground overlooking the Bab el-Mandeb Strait and took islands at its mouth has produced one of Saudi Arabia’s most significant setbacks in Yemen in years. The operation highlighted deep divisions among anti-Houthi Yemeni factions, an unproven Saudi-led command replacing Emirati oversight, limited Saudi air support …
European Commission President Ursula von der Leyen said she wants to open discussions for Canada to become the European Union's first 'associate member.' The proposed arrangement would create a 'common prosperity and economic space' covering manufacturing, technology, defence industry integration, the Arctic, AI, energy and critical minerals. Legal…
The Japan Gas Association has publicly supported the government's emergency liquefied natural gas (LNG) purchase agreement with Malaysia's Petronas, while its chairman urged expanding comparable contracts with other producing nations and flagged limits around immediate supply volumes and undisclosed contract terms.
Financial markets are positioned for a 25 basis point Federal Reserve interest rate increase, the central bank’s first move since 2023, as oil prices rally and the 10-year Treasury yield repeatedly tests the 5% threshold. The Fed chair’s remarks and the accompanying guidance will be closely scrutinized for signals about whether this action is a one…
European wholesale natural gas contracts resumed gains on Wednesday, driven by low storage levels across the EU and renewed concern from ECB officials that rising gas and electricity costs are the primary inflation threat. The Dutch TTF front-month and Britain’s NBP contract both climbed, while traders factor in central bank rate moves and constrai…
Oil prices eased after industry data showed an unexpected build in U.S. inventories, offsetting bullish pressure from ongoing supply disruptions in the Middle East. Brent and WTI declined modestly as traders also showed caution ahead of a widely anticipated Federal Reserve rate hike. Continued Houthi attacks and a U.S.-Iran standoff in the Strait o…
Abu Dhabi National Oil Co's trading arm purchased tens of millions of barrels of discounted Iraqi crude in August and September, becoming the largest lifter of Iraqi oil during that period and helping restore exports constrained earlier in the conflict with Iran. Multiple Iraqi sources provided details on allocations, volumes lifted and discount ra…
Cabinet minutes show the Democratic Republic of Congo has approved a dedicated task force to speed the implementation of its strategic minerals partnership with the United States. The move is presented as part of Kinshasa's effort to diversify financing away from China and attract Western investment into its copper and cobalt industries. The cabine…
The Kremlin said it welcomed a U.S. suggestion for Russia and Ukraine to refrain from striking each other’s energy infrastructure, but Moscow stressed that protecting seaborne exports and removing sanctions were also required to stabilise global fuel supplies and prices. Kyiv and Moscow have not both confirmed any formal agreement; recent strikes c…
Global markets opened the week under pressure as the U.S. 10-year Treasury yield climbed above 5% to its highest level in 19 years, energy prices rose past $107 a barrel and Japanese 10-year yields moved back above 3%. Treasury Secretary Scott Bessent is scheduled to testify before the House Financial Services Committee as the Federal Reserve begin…
Oil prices firmed after Saudi Arabia announced that repairs will keep its East-West crude pipeline largely offline for three to five weeks following last week’s attack. HSBC analysts led by Kim Fustier say the outage was an unexpected setback to their base case and could temporarily push the market into a substantial supply deficit.
Gold was largely unchanged after a sharp decline the previous session, as renewed disruptions to oil flows from the Middle East pushed market expectations toward a likely Federal Reserve rate hike. Higher oil prices, rising Treasury yields and a stronger dollar pressured bullion, even as longer-term investor demand and revised forecasts provide sup…
Oil futures climbed on Tuesday as fresh Houthi attacks on Saudi Arabia and the postponement of talks to reopen the Strait of Hormuz heightened investor worries about disruptions to global crude supplies. Brent and WTI each rose about 0.9%, while regional developments kept a supply risk premium in place.
