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
U.S. farmers reported intentions to reduce corn acreage and expand soybean plantings for 2026, according to the U.S. Department of Agriculture's first survey-based prospective plantings report of the year. The agency tied the shifts to rising fertilizer and fuel costs associated with the Iran war, while quarterly grain stocks data show ample invent…
Venezuelan interim President Delcy Rodriguez’s administration is preparing to install new boards for state oil company PDVSA’s U.S. subsidiaries, including Citgo Petroleum, according to four sources close to the preparations. The effort follows U.S. recognition of Rodriguez as Venezuela’s leader in March and will require individual clearances from …
The German government has imposed a restriction limiting petrol and diesel retailers to a single upward price adjustment each day, to be applied at 12:00 pm. The move comes as oil markets have been disrupted by conflict in the Middle East and episodes of extreme intra-day price volatility, with stations previously altering prices as many as 22 time…
Israel’s military said it killed Haj Youssef Ismail Hashem, the commander of Hezbollah’s southern front, in a naval strike that Lebanon’s authorities say also killed seven civilians and wounded 26. Hezbollah confirmed Hashem’s death and described him as a "beacon of the Islamic Resistance." The killing is being described by Hezbollah as the most se…
The suspension of most crude loadings through the Strait of Hormuz since the February 28 U.S.-Israeli strikes has left the Dubai Middle East benchmark under acute stress. The price used to value roughly 18 million barrels per day of global crude is now difficult to assess because the physical trades that normally underpin it cannot be loaded from G…
President Donald Trump told Reuters the United States will be "out of Iran pretty quickly" after ensuring Iran cannot develop a nuclear weapon, but he said U.S. forces could return for "spot hits" if necessary. He also said he would express his displeasure with NATO for what he views as insufficient support and is "absolutely" considering withdrawi…
Global markets rallied as signs emerged that the Iran conflict could be de-escalating, with the S&P 500 posting its largest one-day gain since last May. Energy prices edged lower from recent highs, while assets beaten down by the war - including bonds, corporate credit and gold - also climbed. Investors digested mixed U.S. data, sharp regional diff…
European benchmark gas prices declined as markets reacted to statements from U.S. leadership suggesting a forthcoming drawdown of military operations in Iran. The TTF front-month contract eased after a strong month of gains driven by supply-route risks around the Strait of Hormuz and energy-related inflation pressures in the eurozone.
Bank of America has updated its economic outlook to reflect continued disruptions to energy shipments through the Strait of Hormuz tied to the Iran war, now projecting oil to trade around $100 per barrel for the remainder of 2026 under its central scenario. The bank incorporates a sharp, short-lived supply deficit in the second quarter followed by …
U.S. Secretary of State Marco Rubio told Fox News that Venezuela will require a transition phase followed by free and fair elections, and that patience is necessary until that moment. The interview also touched on U.S. actions in Venezuela earlier this year, subsequent changes in Caracas, and looming U.S. pressure on Cuba amid energy and health str…
Gold climbed for a fourth consecutive trading session in Asian hours, buoyed by a softer U.S. dollar and comments from U.S. and Iranian leadership suggesting a possible move toward ending the Middle East conflict. Spot gold and U.S. futures advanced, while investors remained cautious given unresolved conditions and reports of persistent regional tr…
Oil prices remained close to multi-year highs in Asian trade as investors digested conflicting messages about a possible end to the Iran conflict. Benchmark crude contracts rose modestly, while market participants balanced hopes for a ceasefire against continuing supply disruptions from a sharply reduced flow through the Strait of Hormuz.
Front-month Brent oil futures rose in early Asian trading on Wednesday, building on a record monthly advance in March as volatility in the Middle East sustains concerns about global supply. Market participants weighed reports of possible diplomatic progress alongside continued maritime attacks and threats to energy infrastructure, while key benchma…
The U.S. Embassy in Saudi Arabia has issued an advisory urging all American citizens in the kingdom to shelter in place and remain away from windows while authorities monitor reports of threats against locations where Americans gather. The warning follows a statement from Iran's Revolutionary Guards that they would target U.S. companies in the Midd…
A female journalist holding a U.S. passport was taken by force in Baghdad on Tuesday, March 31, Iraqi police sources said. The interior ministry confirmed one arrest and said efforts to free the journalist were ongoing, while police continued to pursue a vehicle believed to be carrying the abductors toward the eastern part of the capital. The U.S. …
Gold has surrendered much of its 2026 gains after a rapid retreat, prompting questions about whether the metal can recover. UBS says the decline is likely short-lived, linking the sell-off to markets repricing monetary policy in response to rising energy prices and expecting a rebound to USD 6,200/oz by the end of June before a modest pullback into…
Tether has dismissed two senior precious-metals traders it hired from HSBC three months earlier, according to a person with direct knowledge. The cuts coincided with a dramatic pullback in spot gold prices, which have suffered their steepest monthly drop since 2008 amid fading expectations of rate cuts and rising energy costs tied to the war in Ira…
U.S. Defense Secretary Pete Hegseth told a briefing that the next few days in the Middle East conflict will determine the course of operations, saying intelligence shows strikes have damaged Iranian military morale and prompted major desertions. He also said he visited troops in the region to observe the operation against Iran.
A Russia-flagged tanker, the Anatoly Kolodkin, carrying roughly 700,000 barrels of Russian Urals crude entered the anchorage of Cuba's Bay of Matanzas at daybreak on Tuesday. The vessel, subject to U.S. sanctions, reached Cuban territorial waters late on Sunday near Guantanamo Bay and was allowed to proceed for humanitarian reasons, according to U.…
A rarely convened federal panel will meet to weigh whether oil and gas companies operating in the Gulf of Mexico should be exempted from parts of the Endangered Species Act. The session, the first in more than three decades for the Endangered Species Committee, was called by Interior Secretary Doug Burgum and is linked by the administration to nati…
The first quarter of 2026 ended with markets subdued as the Iran conflict continued to unsettle commodity and financial markets. Average U.S. gasoline prices topped $4 per gallon for the first time in over three years, crude traded near $115 for Brent and $104 for U.S. oil, and investors parsed conflicting signals about the war's trajectory after r…
Goldman Sachs maintains a target of $5,400 per troy ounce for gold by the end of 2026. The bank’s analysts say an anticipated cycle of Federal Reserve rate reductions, a normalization of speculative positioning after heavy call-option buying, and a resumed pace of central bank purchases should together support the metal’s advance, even after a roug…
S&P Global Visible Alpha research cautions that the substantial capital expenditures tech giants have slated for AI infrastructure in 2026 - roughly $635 billion - could be upset if energy prices rise amid Middle East tensions. Melissa Otto, head of research at S&P Global Visible Alpha, says sustained high oil prices may force companies to revise p…
Gold clawed back some losses in Asian trading after reports that U.S. action against Iran may be scaled back, and comments from the U.S. Federal Reserve chair reassured markets on long-term inflation. The rally was modest and did not erase deep declines for gold and other precious metals during March, which were driven by rising inflation expectati…
Financial markets enter the second quarter with elevated sensitivity to developments in the Middle East and to oil prices, which have jumped about 90% this quarter to above $100 a barrel. That surge has pushed up inflation expectations and bond yields, prompted central bank rate repricing and left equities vulnerable to further declines if the conf…
