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.
2,156 total articles
U.S. national retail gasoline prices fell below $4 a gallon for the first time since mid-April after markets reacted to a preliminary memorandum between the United States and Iran that raised hopes the Strait of Hormuz could reopen. Crude futures dropped more than $4 a barrel on the announcement, easing pump prices, but analysts caution that invent…
ICE canola futures eased on Monday following a U.S.-Iran memorandum of understanding that weighed on crude oil prices. The drop in oil held implications for biofuel demand and correlated vegetable oil contracts, with July and November canola settling lower while soyoil ticked up and European rapeseed fell.
The Strategic Petroleum Reserve declined to 340.3 million barrels after a planned government drawdown, its lowest reported level since 1983. The 8.9 million-barrel reduction is part of a 172 million-barrel release announced in March and coordinated with other nations amid heightened tensions following attacks on Iran. An exchange program for loaned…
U.S. soybean processors cut throughput in May, with the daily crush rate slipping to its weakest level since September. Monthly processing was down versus April but remained above May 2025 volumes. Soybean oil inventories also fell to a five-month low, reflecting a notable month-to-month decline after an April revision of stock figures.
Global sugar prices steadied on Monday after an initial U.S.-Iran agreement to end their conflict and reopen the Strait of Hormuz sent energy prices sharply lower. The move altered the relative economics for cane mills, encouraging sweetener output over biofuel ethanol production and prompting volatility in raw and white sugar futures.
The United States and Iran have signed a memorandum of understanding intended to bring a close to an almost four-month conflict, senior U.S. officials said. A signing ceremony is scheduled for Friday, and shipping through the Strait of Hormuz is expected to increase gradually rather than immediately return to pre-conflict levels. The agreement, whi…
A framework agreement between the United States and Iran that includes reopening the Strait of Hormuz and a 60-day ceasefire prompted an immediate drop in oil prices as traders priced in a return of flows. Industry analysts and officials, however, warn that a full restoration of crude production, refining throughput and LNG capacity will take weeks…
Wheat, corn and soybean futures fell on Monday after U.S. President Donald Trump and Iran’s deputy foreign minister announced an initial agreement to end hostilities and restore traffic through the Strait of Hormuz. The diplomatic development pushed oil prices lower, weighing on agricultural commodities that serve as biofuel feedstocks, while weath…
U.S. Vice President JD Vance said he expects the text of an agreement to halt the war in Iran and reopen the Strait of Hormuz to be published this week. Speaking on CNBC, Vance said the United States anticipates long-term, toll-free passage through the strategically important waterway while technical negotiations continue on remaining details. Iran…
The European Parliament is scheduled to vote on legislation to implement the EU commitments of the Turnberry trade agreement concluded nearly 11 months ago with U.S. President Donald Trump. The pact foresees the removal of EU duties on U.S. imports in exchange for broadly 15% U.S. tariffs, and industry groups have urged approval to provide stabilit…
A memorandum of understanding that pauses hostilities for 60 days has brought a halt to the most intense phase of recent fighting, but regional actors and analysts say the outcome leaves Iran politically intact and Gulf confidence in U.S. security guarantees weakened. While Washington gains an exit from a costly campaign, Gulf states and Israel are…
Maritime security and shipping sources warn that even after a preliminary agreement to reopen the Strait of Hormuz, operations to detect and remove naval mines could stretch for several weeks. Assessments from Western security officials estimate 40 to 50 days of minesweeping using both conventional vessels and modern underwater drones may be requir…
Global equities climbed and oil prices fell after the United States and Iran reached a preliminary memorandum of understanding that could end months of near-total disruption in the Strait of Hormuz. While markets welcomed the prospect of resumed traffic and lower energy-driven inflation pressure, the agreement leaves key issues unresolved and a 60-…
French wine and spirits exporters criticized a U.S. presidential threat to impose 100% tariffs on French wine and champagne, saying the measure would be damaging for an industry heavily reliant on overseas sales. The threat was tied to a 3% French digital tax on U.S. technology companies, and follows earlier warnings of higher tariffs on alcoholic …
U.S. energy shares declined in premarket trading after crude futures fell following an initial agreement between Washington and Tehran that could end a months-long conflict and reopen the Strait of Hormuz. Markets reacted to comments that a memorandum of understanding will be signed in Switzerland on Friday and to a U.S. statement that the strait w…
European natural gas futures fell sharply on Monday following a brokered peace agreement between the United States and Iran that was announced over the weekend. The move, which helped ease crude oil prices and prompt market anxiety, pushed benchmark Dutch and British contracts to one-month lows. Despite the immediate geopolitical relief, low Europe…
Lebanese municipal councils in the south urged civilians who fled months of fighting not to return to their homes after a deal announced early on Monday between the United States and Iran that reportedly calls for an immediate end to military operations on all fronts, including Lebanon. Israel, which is not a signatory to the accord, said it will r…
Silver rose sharply to trade at $70.19 on the 4-hour chart after a more than 3% intraday advance. The move followed a breakout from the $68.30 area through the Ichimoku Cloud and a bullish SuperTrend reversal at $65.65. Volume increased on the rally, underscoring conviction, but price now confronts the 50% Fibonacci retracement at $70.42, a commonl…
Gold on the 4-hour chart is stalled close to $4,327.47 after a five-day advance. Bulls have momentum indicators in their favor, but a key resistance at $4,366 and longer-term downtrend structure present a clear conflict. Traders are advised to avoid the $4,275 to $4,350 band and wait for a decisive breakout or breakdown.
Gold climbed more than 2% in Asian trade after the United States and Iran agreed to an interim peace framework intended to halt hostilities and reopen a key oil shipping route. The accord sent crude prices sharply lower and contributed to a softer dollar, reducing near-term inflation and rate-hike pressures and supporting bullion and other precious…
Oil prices fell sharply in Asian trading after the United States and Iran announced a framework agreement intended to halt fighting and restore maritime traffic through the Strait of Hormuz. Brent and WTI plunged to their lowest levels since March 10 as markets absorbed the prospect of increased supply later in the year, even as analysts warned imp…
In central Mali, residents living under the rule of Jama’at Nusrat al-Islam wal Muslimin (JNIM) describe a noticeable shift in how the al Qaeda-linked group exerts influence — moving from public threats and extreme punishments toward more routine administration, dispute resolution and selective social services. The change follows JNIM's expansion a…
Two sources say Exxon Mobil is set to appoint Alex Volkov to lead its global trading operation. The move coincides with planned retirements of senior traders and follows a significant first-quarter paper loss on derivatives that reduced the company’s net income to a five-year low. Volkov brings nearly 30 years at Exxon and experience across multipl…
Northwest European gasoline refining margins rose by $1.49 on Friday to $26.44 per barrel even though underlying crude oil prices fell. Trades in Eurobob cargoes were reported in the Argus window, and independent gasoline inventories at the Amsterdam-Rotterdam-Antwerp hub increased by more than 10% during the week to 1.14 million metric tons. Marke…
Extreme price volatility in global oil markets has prompted a rapid withdrawal of investor capital this year, with open interest in Brent futures falling at the fastest rate on record and traders reporting fatigue amid erratic political signals related to the Iran conflict. The retreat has thinned liquidity, magnifying price swings and raising trad…
