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 futures climbed as attacks on Saudi energy infrastructure and a subsequent outage on the East-West pipeline heightened concerns about near-term crude availability. Traders reacted to missile and drone strikes attributed to Iran-backed Houthi forces and to a slowdown in vessel transits through the Strait of Hormuz, while market watchers warned t…
U.S. Interior Secretary Doug Burgum told reporters at a G20 energy meeting in Houston that banning U.S. oil or fuel exports is unlikely to reduce prices for consumers. He cautioned that export restrictions could trigger retaliatory actions from other countries and highlighted California's reliance on imports and refinery closures as factors already…
Wheat futures on U.S. exchanges closed lower after market optimism over reduced hostilities in the Black Sea region, which had been disrupting grain shipments. Prices across Chicago, Kansas City and Minneapolis fell, while U.S. export inspections for the latest week matched trade estimates of 300,000 to 500,000 tonnes.
Northwest European gasoline-refining margins gained about $3 on Monday, reaching $52 per barrel. Market activity included roughly 10,000 metric tons of E5 gasoline barges and another 10,000 metric tons of E10 barges trading among major traders and refiners. Separately, a political statement noted that Ukraine and Russia had agreed not to target eac…
The U.S. Environmental Protection Agency announced a final rule that repeals emission limits on coal- and gas-fired power plants established under the prior administration. The announcement coincides with a G20 energy ministers' meeting in Houston, where officials are discussing energy security, baseload power expansion and regulatory efficiency. T…
The Kremlin on Sept 14 welcomed U.S. President Donald Trump’s appeal for Ukraine to stop striking Russian diesel-producing infrastructure, while attributing much of the recent turbulence in global energy markets to instability in the Persian Gulf region. Russian officials say long-range Ukrainian drone attacks on refineries have cut fuel output and…
Israeli strikes on the southern Lebanese town of Kfar Rumman killed civilians, including children and medics, in one of the most lethal days of bombardment in recent weeks. The attacks, which included a strike on a residential building and a separate drone strike on a vehicle, have raised fears of renewed large-scale military operations despite a c…
Markets are pricing a Federal Reserve rate increase this Wednesday amid limited reassurance from last week's inflation reading and a fresh surge in oil prices after renewed Middle East hostilities. Simultaneously, prominent figures in the AI sector have urged a slowdown in development, prompting declines in AI-linked equities and raising the prospe…
Copper is trading below key moving averages with selling pressure evident on momentum indicators even as oversold readings suggest a possible bounce. The immediate fight is concentrated between $6.41 and $6.57, with traders watching for either a breakdown toward lower targets or a reclaim that validates a recovery attempt.
Preliminary shiptracking data indicated that over the recent weekend daily transits through the Strait of Hormuz fell to single digits, well under the 10-day average of 14. Four vessels exited the Gulf while ten entered, according to the dataset. The figures exclude any ships that may have switched off their Automatic Identification System transpon…
A planned regional meeting to present an Iran-Oman agreement on navigation in the Strait of Hormuz was postponed, while fresh attacks damaged a Saudi east-west pipeline and incidents at sea increased the threat to two of the Middle East's most critical oil transit routes. The combined developments have tightened markets, pushed oil and diesel price…
At the BRICS leaders' summit in New Delhi, Chinese President Xi Jinping proposed a suite of initiatives aimed at consolidating cooperation across a broadened group of emerging economies. His agenda emphasized AI collaboration, trade and investment initiatives, and supply chain stability as part of a push to shape a more practical platform for Globa…
Maritime monitors reported a projectile strike on a vessel transiting the Strait of Hormuz, adding to mounting concerns about threats to global energy flows after Saudi Arabia temporarily closed its East-West pipeline following a drone attack. The incident comes amid a broader pattern of strikes and seizures affecting major oil corridors, with unce…
Speaking in Dublin on Sept. 12, U.S. President Donald Trump said Iran was 'probably' responsible for an aerial strike that disabled Saudi Arabia's East-West pipeline, a principal route for crude exports that bypasses the Strait of Hormuz. Trump also said he had spoken with Saudi Crown Prince Mohammed bin Salman and relayed that Yemen’s Iran-aligned…
Northwest European gasoline-refining margins recovered sharply on Friday, climbing $16.92 to $48.73 per barrel after sliding to a one-month low the previous session as crude futures gained. Strong trading activity in gasoline barges and record-high loadings into Europe were recorded, while Ukrainian forces reported a strike on a Russian refinery in…
Freight rates for the largest crude carriers have spiked to record highs following a recent wave of attacks on shipping linked to the widening U.S.-Iran confrontation. Rates for VLCCs loading from the Gulf of Oman bound for China reached roughly 450 Worldscale, equivalent to about $11.50 per barrel, while routes from West Africa to Asia also set ne…
Ground beef reached an all-time average retail price of $7.158 per pound in August, up 0.6% from July and 7.9% year-over-year, even as the administration moved to allow up to 300,000 tons of lower-tariff imports and reopened an Arizona port for Mexican live cattle. Supply constraints tied to a small U.S. cattle herd continue to pressure prices, tho…
UBS told clients it prefers exposure to gold rather than platinum entering the fourth quarter, citing softer fundamentals for platinum after the metal recorded a second straight quarterly surplus. The World Platinum Investment Council reported sizeable surpluses for the first two quarters and trimmed its outlook to an annual surplus driven mainly b…
The Baltic Exchange's dry bulk freight benchmark declined on Friday to its weakest point since September 3, driven by lower rates for capesize and panamax vessels. The main index fell by 14 points to 3,507, leaving it down 3.3% on the week. Capesize and panamax subindices both registered weekly losses amid weaker iron ore prices and reduced steel m…
Brent crude traded close to $100 a barrel as fresh strikes across the Middle East heightened fears of further disruption to regional oil flows. Prices climbed on renewed hostilities that have seen multiple maritime and ground targets struck, prompting market participants to weigh inflationary pressures on import-dependent economies.
Brent crude topped $100 a barrel on Wednesday for the first time since late July as renewed conflict in the Middle East raised fears of supply disruption. Yet the advance has been measured rather than explosive. Several mitigating factors - continued flows through the Strait of Hormuz until late August, Gulf exporters using alternate routes and shi…
UBS cautioned that a Federal Reserve interest-rate increase in September would probably spark a short-lived fall in gold prices, but the bank expects any decline to be contained by physical demand, institutional and official-sector purchases, and rebuilding ETF flows. The strategist noted that a no-hike outcome would likely drive stronger gains for…
Renewed hostilities between the U.S. and Iran, widening conflict risks in the Red Sea and fresh strikes have driven Brent crude back above $100 a barrel, contributing to a sharp rise in global government bond yields. Markets now face a critical U.S. CPI print and a highly uncertain Federal Reserve meeting next week, while geopolitical and political…
Iran-aligned Houthi fighters have reached Perim Island at the mouth of the Bab el-Mandeb Strait and have taken the nearby mainland town of Dhubab, government sources said. The moves raise the prospect of tighter control over a critical east-west maritime corridor, heightening pressure on energy markets and prompting Yemeni government promises of a …
Oil benchmarks rose on Friday, with Brent and U.S. WTI on course to finish the week above $100 a barrel for the first time since mid-May. A string of attacks on shipping and energy infrastructure across the Middle East, including the seizure of Yemen’s Mocha port by Iran-aligned Houthis and intensified tanker strikes, has raised fears of sustained …
