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
Venezuela's ruling party-dominated National Assembly voted Tuesday to approve an oil arrangement that would allow a U.S. connection to roughly one-fifth of the country's oil reserves through a 100-year lease to North American Blue Energy Partners for 17 oilfields. The vote precedes a scheduled visit to Caracas by U.S. Energy Secretary Chris Wright,…
Canada's leader said the United States must stop posturing and engage seriously if talks to avert additional U.S. tariffs are to resume. Ottawa walked away from negotiations on Aug. 21, citing unacceptable late changes from the American side. Recent public remarks and social media posts from U.S. leadership have further strained the atmosphere, acc…
Chicago wheat futures rose to their highest level since February 15, 2023 after reports that Moscow rejected a moratorium on Black Sea attacks and overnight strikes damaged port export infrastructure. Corn and soybeans also strengthened amid U.S. crop concerns, Chinese buying, and a biofuels-related policy announcement.
Chicago Board of Trade wheat futures rose to their highest levels since February 2023 after reports that Moscow rejected a moratorium on attacks in the Black Sea and overnight strikes damaged port infrastructure and a crossing on the Romania border. Corn and soybeans also strengthened, with corn at a three-year high and soybeans at their strongest …
U.S. Treasury Secretary Scott Bessent said the administration expects to impose sanctions on a bank this week as part of an expanding economic campaign against Iran. He indicated a second bank sanction would follow the next week and said officials are also examining other targets, including airline leasing companies and those that do business with …
A reinstated U.S. naval blockade has, for the first recorded time, halted meaningful Iranian crude transits through the Strait of Hormuz for about seven weeks. The interruption has prevented fresh shipments from reaching China, forcing Tehran to rely on previously loaded cargoes in floating storage and depleting a principal source of foreign-curren…
Global markets start September under pressure from a renewed rise in government bond yields after a hawkish central bank speech. The U.S. 10-year Treasury yield climbed to its highest level since President Donald Trump took office in January last year, amplifying concerns about mortgage rates and borrowing costs. Rising oil prices tied to renewed m…
Two very large crude carriers that had loaded Saudi oil at Juaymah were struck by unidentified projectiles within minutes of one another while leaving the Strait of Hormuz, according to maritime intelligence and tracking firms. Both vessels reported no crew casualties. The events underscore elevated risks to shipping through the Omani corridor and …
An agreement that grants a private firm a 100-year lease on 17 Venezuelan oilfields holding roughly 65 billion barrels of reserves, while giving the U.S. a 35% equity stake and guaranteed access to 20% of production, is generating unease among international oil companies. Key concerns center on the central role of the Venezuelan businessman control…
Gold steadied after a more than 3.5% fall over the prior two sessions as recent U.S.-Iran military exchanges lifted oil prices and forced market participants to reconsider inflation and interest-rate paths. Prices showed small moves late Monday while bond yields and the dollar held pressure on bullion amid an elevated probability of a September Fed…
Crude futures rose as fresh fighting between the U.S. and Iran pushed the prospect of Middle East supply disruption back onto markets. Brent and U.S. WTI both advanced, supported by reduced visible vessel traffic through the Strait of Hormuz and reports of a tanker struck while transiting the waterway. Separately, a U.S.-Venezuela oil agreement and…
Oil benchmarks rose in Asian trade after recent U.S. strikes on Iranian targets and subsequent Iranian missile attacks heightened the risk of protracted disruptions to flows through the Strait of Hormuz. Brent and WTI gained on the session, with supply-side worries from a diesel export ban extension and uncertainty around Venezuelan crude supplies …
Chicago Board of Trade wheat futures fell on Monday after Turkey announced a proposal intended to enable safe grain transit through the Black Sea, saying it is discussing the plan with both Russia and Ukraine. The move followed recent price spikes tied to concerns over renewed Russian strikes and disruptions to Black Sea shipments.
Vice President JD Vance said President Donald Trump was sending a direct message to Iran with a social media post suggesting Kharg Island could be "blown to smithereens." U.S. officials said the military did not strike Kharg overnight, and an Iranian official called the post "laughable." U.S. forces did, however, strike two launchers on Larak Islan…
The U.S. Department of Agriculture unveiled measures intended to assist the beef industry, offering guaranteed loans for smaller meat processors and permitting limited use of conserved land for grazing following disasters. The moves follow a presidential pledge to enable ranchers to process their own cattle and an executive action to expand lower-t…
An AI-generated social media post claiming Kharg Island had been destroyed intensified market jitters, but Iranian and U.S. officials said there was no evidence of such an attack. This report compiles verified details on Kharg Island’s role in exports, Iran’s oil and refining capacity, principal buyers, and the significance of the South Pars gas fi…
After repeated drawdowns over the past five years, the United States Strategic Petroleum Reserve (SPR) stands at its lowest level since 1982. Ongoing releases tied to the U.S.-Israeli war with Iran and earlier emergency sales have reduced inventory to levels some experts say approach a practical operating minimum, exposing vulnerabilities in infras…
Brent crude is pressing up against a horizontal resistance band near $91.50 on the 5-hour chart. Technicals show ongoing bullish momentum but several exhaustion signals, including an overbought Money Flow Index and price flirting with the upper Bollinger Band. A failed breakout could send price back toward the 200-period simple moving average at $8…
Gold’s 5-hour chart has completed a double-top reversal at the all-time high, prompting a fast and decisive drop. Price moved nearly 4% below its 20-bar average and has broken multiple dynamic supports. Technical indicators - including a bearish Marubozu, a SuperTrend flip, Ichimoku cloud penetration and a negative MACD crossover - point to sellers…
Oil futures climbed in Asian trading after U.S. forces struck two Iranian launchers on Larak Island, near the Strait of Hormuz. Brent and WTI each rose more than 1.5%, as analysts and traders reassessed risks to seaborne oil flows through a strategically vital waterway. The strikes and a reported Iranian missile response have heightened focus on su…
President Trump said on social media that oil secured through the recent agreement with Venezuela will be used to refill the United States Strategic Reserve. The deal, announced Friday, reportedly gives U.S. interests majority control over 65 billion barrels of Venezuelan crude and is described as creating the world's second-largest private oil com…
Two of three U.S. Department of Agriculture research programs focused on cyclospora have been defunded and effectively shuttered after congressional funding was not approved, while the third project is slated to move from Maryland to Iowa this fall. Scientists working on the parasite have declined to relocate, and some are retiring or leaving the A…
Nepal's military has airlifted heavy machinery to an under-construction Himalayan dam as rescuers race to reach workers believed trapped in tunnel sections after devastating floods. The disaster has killed hundreds, left thousands missing and damaged hydropower projects that supply a significant portion of the country's electricity. International t…
Venezuela's interim president said a 25-year energy agreement with the United States will focus on developing 17 strategic oilfields, set an initial crude production target of more than 1.5 million barrels per day and preserve Venezuela's sovereignty over its hydrocarbon resources. The accord, described as historic, is presented as a revenue genera…
Early on Aug. 29, mutinous soldiers launched coordinated attacks on Niamey’s airport and the presidential palace, producing hours of gunfire and explosions and briefly taking state radio and television off the air. By late morning the defence ministry said loyalist forces were gradually retaking seized sites, but security sources reported mutineers…
