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.
2,960 total articles
Equity markets this week moved from a selloff in traditional safe-havens to a broad reassessment of which companies will retain value as artificial intelligence adoption accelerates. A steep drop in software and services valuations, prompted by a new AI tool and investor fears over automation, coincided with heavy selling in gold and silver, a fres…
Mexican state oil company Pemex has granted a mixed contract for the onshore Macavil crude and gas field to a company controlled by billionaire Carlos Slim, three informed sources said. Under the model, Pemex keeps at least a 40% stake. The award adds to Slim's growing portfolio of energy ties with Pemex and follows prior mixed-contract awards last…
Hundreds of demonstrators, primarily students, gathered in Milan to oppose the deployment of U.S. Immigration and Customs Enforcement (ICE) agents and the temporary closure of schools and city areas ahead of the Milano Cortina Winter Games opening ceremony. The U.S. State Department had said federal agencies including ICE would assist in protecting…
Oil prices retreated in Asian trading and were on track for a weekly decline as markets weighed upcoming U.S.-Iran discussions in Oman, profit-taking after recent gains, and pressure from a stronger dollar. Brent was near $67.58 a barrel and WTI around $63.09, with traders reducing the geopolitical risk premium following hopes the talks could ease …
Gold and silver opened lower in early Asian trading on Friday, deepening heavy losses from the previous session as profit-taking, a firmer dollar and reduced geopolitical risk pressured prices. Silver continued to lag after a steep drop the day before, while gold traded about $1,000 an ounce below last week's record high.
U.S. crude futures fell further on Friday and were poised for their first weekly decline in several weeks as investors awaited U.S.-Iran talks in Oman. Prices eased as immediate concerns about Middle East supply disruption softened, even as geopolitical tensions and a build-up of U.S. forces in the region remain in focus. Analysts point to a recove…
Mexican officials are exploring options to supply fuel to Cuba to address urgent needs for power and transport, while seeking clarity from U.S. counterparts on tariff risks outlined in a U.S. executive order. Shipments from Venezuela have stopped after a U.S. blockade and the capture of President Nicolas Maduro, and Mexico briefly paused its delive…
Iran's Foreign Minister Abbas Araqchi has left for Muscat to lead a diplomatic delegation to negotiations with the United States scheduled for Friday in Oman. While both sides agreed to meet, they remain divided over whether the talks should include Iran's missile capabilities, a demand from Washington that Tehran rejects, saying it will discuss on…
A low-profile Chinese billionaire who previously profited heavily from long gold positions on the Shanghai Futures Exchange has accumulated the exchange's largest net short in silver. The position, built through Zhongcai Futures Co., is worth almost $300 million on paper following a sharp drop in silver prices and represents roughly 450 tons, or 30…
The White House says President Donald Trump prefers diplomacy in dealings with Iran and will see if a deal emerges at upcoming talks in Oman, while reminding Tehran that military options remain available. Preparations continue for Friday’s high-level meeting even as tensions rise across the region, disagreements persist over whether the agenda will…
A broad-based tech selloff accelerated after heavy declines in chipmakers and large-cap technology names, raising concerns that AI-driven disruption may no longer be an automatic positive for diversified index investors. Sharp moves in cryptocurrencies and precious metals accompanied the equity swings, while major central bank decisions and U.S. la…
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…
