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
Eighteen states, Washington, D.C. and New York City filed a petition in the federal appeals court in Washington, D.C. seeking to overturn an Environmental Protection Agency rule that extends deadlines for phasing down hydrofluorocarbons. Plaintiffs say the change would increase greenhouse gas emissions and roll back commitments made under the Ameri…
Despite early forecasts that the conflict involving the United States, Israel and Iran could push crude toward $150-$200 a barrel after disruptions at the Strait of Hormuz, Brent futures peaked near $126 and averaged about $101 between Feb. 28 and June 11. Multiple supply and demand dynamics - notably weaker Chinese imports, elevated U.S. productio…
Italy's government plans to tap the European Union's temporary budget flexibility - the so-called escape clause - to finance measures aimed at mitigating rising energy costs in 2027 and 2028, according to a statement from the Prime Minister's office. Coalition leaders broadly backed the proposal in a recent meeting, while the decision intersects wi…
UBS strategists Dominic Schnider and Giovanni Staunovo advise investors to treat any declines in the gold price toward $3,850 an ounce as buying opportunities, not a signal to turn bearish. They point to renewed geopolitical tensions and higher oil prices as near-term headwinds that have pressured investment demand and weighed on prices, while cent…
U.S. Treasury Secretary Scott Bessent told Fox Business that China has reduced its crude oil imports by roughly 40% in recent months, a decline he says is sharply curbing Iran's oil revenues. He attributed a substantial portion of the reduction to U.S. sanctions on privately owned Chinese 'teapot' refineries and also cited lower overall Chinese cru…
Goldman Sachs has revised up its near-term European gas price projections after delaying its assumption for Persian Gulf liquefied natural gas (LNG) export normalization from July to October. The bank estimates a reduction in summer LNG supply that will leave Northwest European storage significantly lower at the start of winter and has raised Dutch…
UBS has reduced the price window it views as attractive for buying silver on pullbacks, moving the threshold down from $55/oz and below to $48-50/oz. The revision follows a sharp fall in silver from $76 an ounce in early June to about $56 in mid-July, weaker-than-expected investment demand, and macro headwinds including Middle East tensions, higher…
The International Energy Agency said it is closely watching oil markets amid rising tensions in the Middle East that have increased worries about supply security. The Paris-based agency, which coordinates emergency stockpile releases for consumer nations, noted that markets continue to be supported by strong flows from Persian Gulf producers includ…
Lebanese army units began deploying in the southern town of Zawtar al-Gharbiyeh after Israeli forces withdrew, officials said, in a U.S.-brokered pilot plan that aims to disarm Hezbollah in parts of southern Lebanon and stage phased Israeli pullbacks. The handover is the first practical test of the arrangement and comes amid extensive damage and di…
European wholesale gas prices remained close to multi-month peaks as renewed threats to key Middle Eastern maritime corridors countered tentative diplomatic signals. Analysts at Goldman Sachs raised near-term TTF price forecasts and warned of materially lower European storage heading into winter if Persian Gulf LNG exports remain constrained.
Global markets are being driven by shifts in oil prices tied to the Middle East conflict rather than enthusiasm for AI. Hopes for a mediator-backed 10-day ceasefire drove Brent lower from a recent one-month high, helping risk appetite into battered Asian chip stocks even as escalating U.S.-Iran strikes and a Houthi naval blockade threat keep supply…
Late on Monday the U.S. military reported it had concluded a roughly five-hour series of strikes on Iran that hit military command centers, missile and drone launch facilities, maritime capabilities and air defenses. The U.S. Central Command announced the operation in a post on social media website X, saying the action is intended to "degrade Iran’…
Crude oil prices eased after reports of mediation between the United States and Iran reduced immediate escalation, but traders remain cautious as attacks, a Houthi-declared naval blockade and pipeline disruptions continue to threaten logistics and global supplies. Brent settled at $91.01 a barrel and U.S. WTI at $84.91, each up about 2% on the sess…
Yemen’s Iran-aligned Houthi group has declared a naval blockade against Saudi Arabia, raising the prospect that a full closure of the Bab el-Mandeb Strait would remove a key shipping corridor between the Middle East and Asia and prompt renewed upward pressure on oil and refined fuel prices. Analysts warn of immediate disruption to Saudi exports fro…
U.S. refinery margins climbed to fresh record highs for a third straight session as shrinking domestic fuel inventories and worsening tensions in the Middle East raise the prospect of supply shortfalls. Diesel demand and constrained supplies have driven refiners' economics, while gasoline stockpiles have fallen sharply, lifting retail prices and sq…
A report from S&P Global Energy projects that liquefied natural gas exports will become the United States' second-largest net export industry within five years and will contribute about $1.4 trillion to U.S. gross domestic product through 2040. The study forecasts more than $1 trillion in supply-chain investment, $2.9 trillion in revenue, significa…
Brazilian instant coffee has been granted an exemption from a newly imposed 25% U.S. tariff on imports from Brazil, a move that preserves between $2 billion and $2.5 billion in annual exports to the United States, Cecafe said. The decision comes after instant coffee remained subject to duties even after broader revocations of tariffs on other Brazi…
Chicago Board of Trade wheat futures were poised to open steady to slightly higher as traders reacted to supply worries and heightened shipping disruptions in the Black Sea region. Short covering and follow-through buying drove CBOT wheat to a fresh two-year peak, while attacks on vessels and reduced intake at one Ukrainian port have added pressure…
Bank of America technical strategists warn that the recent correction in gold may extend materially, citing a cluster of bearish technical indicators that resemble patterns seen at the metal's major peaks in 1980 and 2011. The bank lays out potential downside targets from different lookback approaches and recommends a staged accumulation plan that …
Global equities and risk assets showed muted responses after uneven corporate results, cooling inflation data and renewed geopolitical tensions. Taiwan Semiconductor Manufacturing Co. delivered a surprise profit jump, but chip shares remained under pressure. Softer U.S. producer price data eased near-term rate-hike bets, yet core PCE remains above …
Shipping data show a marked decline in vessel transits through the Strait of Hormuz on Wednesday, the first day after the U.S. reimposed a naval blockade on Iranian ports. The reduction in traffic coincides with intensified strikes by both countries across the Gulf, with several empty ships entering the Gulf and a limited number of laden vessels ex…
Russian defence authorities reported strikes on military and industrial targets in Kyiv, and on infrastructure at the ports of Odesa and Pivdennyi, including a maritime vessel and a high-speed boat. Ukrainian officials said ballistic missiles hit parts of Kyiv early on Thursday, causing fires and killing two people. Both sides have been escalating …
The International Energy Agency says full implementation of China’s expanded rare earth export controls risks disrupting about $6.5 trillion of downstream production across automotive, high-tech, defence and energy sectors. Parallel planned controls on graphite could imperil roughly $300 billion of output. The agency highlights concentrated supply …
U.S. forces said they completed a recent set of strikes on Iranian targets, ordered by President Donald Trump, that included facilities in Bandar Abbas and coastal sites on Greater Tunb Island. The military described hits on command centers, air defenses, missile and drone capabilities, and coastal surveillance installations. The actions come amid …
Gold prices fell as rising crude oil prompted concern that inflation may remain higher for longer, bolstering expectations the Federal Reserve will maintain elevated interest rates and supporting the dollar. Softer U.S. producer and consumer inflation readings suggested easing price pressures, but geopolitical-driven oil gains and comments from Fed…
