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.
824 total articles
India and the United States expect to finalize a formal trade agreement in March, Trade Minister Piyush Goyal said, with a joint statement due in four to five days. The pact will see New Delhi cut tariffs on U.S. goods and prompt Washington to lower duties on Indian exports from 50% to 18%. India plans to import at least $500 billion of U.S. goods …
Russia's ambassador to Cuba, Viktor Coronelli, told a state news agency that Russia has supplied oil to Cuba repeatedly in recent years and expects that pattern to persist. The comments come after U.S. statements about engaging with Cuban leadership and measures aimed at preventing oil shipments to the island, actions that have been linked to risin…
Silver prices fell sharply in volatile trade, wiping out a rebound earlier in the week. Spot silver dropped about 14.7% to $75.18 an ounce while March futures slid more than 11.5% to $74.68/oz, as renewed selling coincided with a firmer dollar and traders waiting on central bank cues and U.S. payrolls data.
Oil prices slid in Asian trading as traders trimmed a geopolitical risk premium after confirmation that U.S. and Iranian officials will meet in Oman on Friday. A firmer dollar, ahead of U.S. nonfarm payrolls and European and U.K. central bank decisions, compounded downward pressure even as U.S. inventory data provided some support.
U.S. crude futures fell on Thursday after the United States and Iran agreed to hold talks in Oman on Friday despite disagreements over what the meeting will cover. Prices retreated following a prior spike driven by concerns the talks might collapse, while a stronger dollar further pressured demand for dollar-priced oil.
Gold surrendered earlier gains on Thursday while silver tumbled sharply, erasing a recent rebound. Markets were pressured by flows out of Chinese silver futures, a firmer U.S. dollar ahead of delayed U.S. payroll data, and investor sensitivity to shifts in Fed leadership and yield expectations. Broader precious metals also declined.
Investors and traders executed historic hedges in January to secure U.S. crude prices as concerns over Iranian supply and an influx of Venezuelan barrels to the U.S. Gulf Coast elevated market risk. ICE data show record activity in WTI Midland at Houston and Western Canadian Select contracts, while severe winter weather temporarily knocked offline …
U.S. President Donald Trump and Chinese President Xi Jinping held a reportedly constructive phone call in which Xi indicated China would consider increasing purchases of U.S. soybeans to 20 million tons from 12 million. The conversation covered trade, security and regional issues, including Taiwan, and came after Xi's virtual meeting with Russia's …
Oil prices climbed sharply after reports indicated planned talks between the United States and Iran were at risk of collapsing over disagreement on the meeting format and location. U.S. crude rose about 3.5% to above $65.30 a barrel and Brent gained roughly 3.4% to $69.60 a barrel as of mid-afternoon ET. The reported impasse follows heightened tens…
Shares of companies focused on rare earths and other critical minerals declined after U.S. Vice President JD Vance said the United States will form a trading bloc that includes price floors for these commodities. The proposal, announced at a meeting attended by representatives from more than 50 countries aimed at improving access to critical minera…
The United States and Mexico announced a 60-day action plan to create coordinated trade policies addressing vulnerabilities in critical mineral supply chains. The plan includes consultations on potential price floors for some mineral imports, identification of mining, processing and manufacturing projects, and work toward binding plurilateral agree…
The Energy Information Administration's weekly Petroleum Status Report shows U.S. gasoline inventories increased by 685,000 barrels to 257.9 million barrels for the week ended January 30, reaching the highest level recorded since June 2020. The same report records the largest week-over-week decline in distillate stockpiles since February 2021, with…
Russian receipts from oil plunged to their weakest level in more than five years in January as the country faced a threefold squeeze: weaker global crude prices, larger discounts for its benchmark Urals grade and a firmer ruble. Oil-related tax revenue fell 50% year-on-year to 281.7 billion rubles ($3.7 billion), while combined oil and gas proceeds…
Global markets saw a pronounced bifurcation in technology shares as investor concern over the implications of agentic AI tools sparked a multi-day selloff in software and data analytics names. At the same time, Walmart became the first retailer to top a $1 trillion market valuation after a year-long rally. Broader market drivers included signs of a…
Venezuela's chief economic adviser, Calixto Ortega, said the country wants to shift global perception from having the largest oil reserves to being recognized as a leading oil producer. Speaking at the World Government Summit in Dubai, Ortega called for renewed investment and noted firms are awaiting the lifting of sanctions. Shipping data show Ven…
Thousands of Venezuelan-trained oil professionals relocated to Canada during waves of migration in the 2000s, bringing experience with heavy crude that aided the rapid development of the Alberta oil sands. Despite recent U.S. moves to encourage a Venezuelan oil revival, expatriates who established careers and lives in Canada say a mass return is im…
Iran possesses one of the largest ballistic missile arsenals in the Middle East and has consistently treated that capability as off-limits in diplomatic talks. Recent combat in June 2025 against Israel and a range of tests and public displays underscore Tehran's emphasis on missiles as a deterrent and retaliatory tool. Analysts and Western agencies…
A group of senators plans to file legislation to reauthorize the U.S. Export-Import Bank for another decade and to add roughly $70 billion in capacity aimed at supporting the presidential administration's critical minerals priorities. The measure is being advanced with bipartisan sponsorship and includes a proposal to lift the agency's current lend…
People familiar with the matter say China plans to list yuan-denominated liquefied natural gas (LNG) futures contracts on the Shanghai Futures Exchange as soon as next month. The move is intended to give Chinese market participants a domestic price-discovery tool, encourage foreign participation onshore, and enable yuan-based financial products tie…
The United States and Iran are scheduled to hold talks in Oman after Tehran requested moving the meeting from Turkey to keep negotiations limited to its nuclear programme. Iran has insisted it will not discuss constraints on its ballistic missile arsenal, calling it a red line. The diplomatic contact follows a series of confrontations at sea and in…
The U.S. embassy in Cuba has issued an advisory to American citizens in the country, warning of an increase in government-sponsored protests targeting the United States, instances of U.S. citizens being denied entry upon arrival, and the risk of significant disruption from prolonged power outages and fuel shortages. The advisory follows Washington'…
Oil futures gave back some earlier gains after conflicting reports about whether nuclear talks between the United States and Iran were proceeding. Markets were also supported by industry data showing a substantial, surprise draw in U.S. crude inventories as extreme cold disrupted production and exports.
Oil futures extended gains as geopolitical incidents involving Iran and U.S. forces raised fears of heightened tensions in the Middle East, while industry data pointed to a sizable drop in U.S. crude stockpiles. Market participants weighed the potential for supply disruption through the Strait of Hormuz alongside signs of tighter U.S. inventories a…
Gold regained ground in early Asian trading as renewed U.S.-Iran tensions spurred safe-haven buying. Spot gold climbed toward the $5,000/oz mark and futures jumped above $5,000/oz, while other precious metals also advanced. Market attention remains divided between geopolitical risk and shifts in monetary policy expectations.
A coalition of former U.S. agriculture officials and the chair of the Senate Agriculture Committee have raised the alarm about mounting financial distress among American crop growers. They warn of the potential for a widespread collapse in the sector as farmers contend with higher input prices, export interruptions, labor cost pressures and deterio…
