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 climbed further on Friday as renewed attacks on shipping and reports of damage to Saudi energy infrastructure heightened concerns over supply disruptions. Brent touched near $110 a barrel and both Brent and WTI posted double-digit weekly gains amid intensified U.S.-Iran exchanges and growing Houthi influence over key transit routes.
Gold stabilized on Friday after a near 2% overnight drop as a hotter-than-expected U.S. producer price report, rising oil prices and higher Treasury yields strengthened expectations that the Federal Reserve will tighten policy at its September meeting. Short-term technical pressures persist, but strong physical ETF demand and record holdings provid…
U.S. Department of Agriculture data show the first confirmed case of New World screwworm in a horse within the United States, identified in Presidio County in southern Texas. The Texas Animal Health Commission has restricted movement of warm-blooded animals from a designated infested zone covering parts of Presidio and Jeff Davis counties. The disc…
ICE November canola futures rose modestly on Thursday, supported by advances in Chicago soyoil and soybeans and a notable jump in crude oil prices tied to escalating conflict in the Middle East. Despite the rise, harvest progress in Western Canada remains slow because many fields are too wet for combining, while prices sit well above most forecasts…
Independent storage and refining stocks of gasoil and diesel in the Amsterdam-Rotterdam-Antwerp (ARA) hub increased by 4% to 1.68 million metric tons over the week, driven by higher imports from the United States and stable local demand, according to data released by Dutch consultancy Insights Global. Gasoline inventories rose modestly as blending …
The Iran-backed Houthi movement is expanding control along Yemen’s Red Sea coast, advancing toward strategic positions that would strengthen their grip on the Bab el-Mandeb Strait. The narrow waterway is a vital southern gateway to the Suez Canal and a key route for seaborne commodities and oil. Previous Houthi attacks on Red Sea shipping forced ma…
Crude Oil WTI is trading at $95.70 on the 5-hour chart, with the broader technical picture still favoring buyers. Momentum indicators, however, are signaling caution: a bearish RSI divergence has appeared while price is hugging the upper Bollinger Band. Key support sits near $93.70 and a break below that level could prompt a corrective move. Trader…
Chinese buyers have purchased 14 to 15 cargoes of U.S. soybeans this week - roughly 1 million metric tons - according to traders, in purchases timed ahead of President Xi Jinping's upcoming visit to Washington. The bookings, made by state stockpiler Sinograin, are for shipments from U.S. Gulf terminals between December and February and push China c…
President Donald Trump said the United States has detected activity at Pickaxe Mountain, a fortified site near the heavily damaged Natanz uranium enrichment facility, and warned Tehran it should be cautious or face a forceful response. Pickaxe Mountain contains two deeply buried tunnel complexes. Trump has signaled the possibility of strikes on the…
The EU’s Copernicus Climate Change Service reports that August matched July 2023 as the warmest month on record, with global average surface air temperatures exceeding 1.5 C above pre-industrial levels. The month saw widespread extreme weather - from deadly landslides and floods to wildfires and severe drought - and ocean surface temperatures outsi…
Brent crude held above $100 a barrel on Thursday after renewed attacks on commercial vessels raised the prospect of deeper and more persistent disruptions to oil flows from the Persian Gulf. Prices rose modestly as traders digested reports of multiple ship strikes and an upgrade to official U.S. oil price forecasts amid falling global inventories.
Gold was largely unchanged as market participants looked to U.S. producer and consumer inflation data for signals on the Federal Reserve's next move. Higher U.S. Treasury yields and renewed geopolitical tensions in the Middle East remain near-term headwinds, while a softer dollar and robust inflows into gold-backed ETFs provide ongoing support.
Oil prices extended gains early Thursday as renewed military exchanges between the United States and Iran intensified concerns about disruptions to Middle East supply routes. West Texas Intermediate reached its highest level since late July, while Brent had settled at a four-month high after reports of strikes on vessels and retaliatory action rais…
The U.S. Energy Information Administration has increased its crude oil price projections for this year and the next after global inventories plunged amid reduced Middle Eastern supply tied to the ongoing Iran conflict. The EIA’s Short-Term Energy Outlook reports a roughly 400 million-barrel drop in world oil stocks so far this year, with significan…
Northwest European gasoline refining margins fell by about $13 to $39 per barrel on Wednesday as crude oil surpassed $100 per barrel. Trades in E5 and E10 gasoline barges changed hands across several traders, while geopolitical tensions between U.S. and Iranian forces pushed oil prices higher and raised concerns over potential supply disruption and…
Wholesale gas benchmarks in Europe climbed above €80 per megawatt hour on Wednesday amid heightened Middle East tensions after reported attacks on vessels in the Strait of Hormuz. Front-month Dutch TTF and British contracts both hit multi-month highs, while Brent crude moved back above $100 per barrel. Concerns over supply and relatively lower Euro…
The gold-to-silver ratio fell 1.1% to 65.5 as silver rebounded more strongly than gold following several sessions of losses. A weaker U.S. dollar, silver’s industrial demand profile and traders repositioning ahead of Friday’s August Consumer Price Index release underpinned the move, even as rising Treasury yields and a hawkish Fed tone kept pressur…
Chicago Board of Trade wheat contracts edged down on Wednesday as market participants weighed conflicting signals from diplomatic channels and reports of disruptions to Black Sea export routes. Contract-level moves were mixed across delivery locations while reports emerged of Ukrainian strikes on Novorossiysk and a downward revision to Russian expo…
Free-on-board prices for Russian Urals crude tied to Baltic and Black Sea loadings have climbed above $80 per barrel for the first time since early June, marking the highest levels in roughly three months. The move follows a rise in global oil benchmarks toward $100 after fresh strikes in the Middle East raised questions about supply. The spot roub…
UBS has raised its Brent crude price projections for the remainder of the year and the first half of 2027, citing a tighter supply picture, significant declines in oil-on-water inventories and persistent geopolitical risks that keep the balance of price outcomes skewed to the upside. The bank also adjusted its March 2027 outlook higher, left its Se…
The Baltic Exchange’s benchmark dry bulk freight index rose modestly after increases across several vessel classes, led by capesize gains. While the main index improved by 36 points to 3,620, iron ore prices fell following a four-session advance as Chinese steelmakers trimmed output amid shrinking margins and heavier ore imports.
Sinopec’s Economics & Development Research Institute projects China’s oil demand will fall by 600,000 barrels per day in 2026, an 8.9% year-over-year decline, driven by elevated crude prices and accelerating electric vehicle adoption. The institute says demand peaked in 2025 and provides long-range estimates through 2060, while noting changes in re…
Renewed hostilities in the Middle East have driven Brent crude back above $100 per barrel and lifted natural gas to three-year highs, while a sharp escalation in U.S.-Canada trade measures adds to market pressure. Global markets are reacting to higher energy costs, increased long-term borrowing rates and currency moves ahead of anticipated central …
Brent crude surpassed $100 per barrel amid renewed Middle East hostilities that have raised concerns about oil shipment disruptions. Still, the advance has been measured because significant volumes continue to move through the Gulf and via alternate routes, non-OPEC producers are adding supply, and demand destruction has materially reduced consumpt…
European and British wholesale natural gas benchmarks climbed sharply on Wednesday after an escalation in military action involving U.S. forces and Iran increased the perceived risk to LNG shipments transiting the Persian Gulf. The front-month Dutch TTF contract reached 79 euros per megawatt-hour, its highest since 2023, while Britain’s NBP touched…
