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.
2,383 total articles
Saudi Arabia's crude oil exports dropped to a record low in April, falling to about 3.990 million barrels per day from 4.974 million bpd in March, while production also fell to a record low of 6.316 million bpd, according to Joint Organizations Data Initiative (JODI) figures. The decline follows disruptions to Gulf shipments related to the Iran war…
Early diplomatic signals from Switzerland eased pressure on oil markets on Monday, pushing Brent crude back below $80 per barrel after weekend threats and Iranian claims over the Strait of Hormuz. At the same time, a sudden resignation in UK politics has set in motion a leadership contest that will deliver Britain its seventh prime minister in a de…
European natural gas futures climbed to their highest levels in a week as traders parsed mixed accounts of vessel movements in the Strait of Hormuz and awaited clarity from U.S.-Iran negotiations. The Dutch benchmark and the British contract both rose, extending gains from Friday, while market participants weighed whether last week's Washington-Teh…
Silver is trading around $66.64 on the 4-hour chart after a counter-trend rebound from $63.35. Although bulls have produced a higher low and a bullish engulfing candle, the dominant technical indicators - including the SuperTrend, major moving averages and the Ichimoku Cloud - remain bearish. Traders eye strong resistance at $67.50-$68.50 and a no-…
Gold is trading on the 4-hour chart around $4,216 and remains constrained between a short-lived relief bounce and an overarching downtrend. Buyers showed proof of demand near $4,058, but the metal is boxed beneath the cluster of overhead technical resistance at $4,270 to $4,345.5. Momentum measures are easing negative pressure but are not yet signa…
Abelardo De La Espriella’s victory in Colombia, by under 1%, and a razor-thin projected win for Keiko Fujimori in Peru, come amid a wider rightward realignment across Latin America. The outcomes reflect voter concerns over weak economies and rising crime, and carry consequences for energy, mining and fiscal policy as new governments promise tax cut…
Moscow authorities said early on Monday that air defences shot down nearly 60 drones aimed at the capital, prompting a temporary suspension of flights at major airports before operations were resumed. The incident follows a separate large-scale barrage last week that targeted the city’s only oil refinery and saw nearly 200 drones intercepted. In an…
Gold prices rose Monday after reports of progress in U.S.-Iran negotiations in Switzerland eased worries about a sustained disruption to energy supplies. Spot gold and U.S. futures both advanced, while lower crude prices helped temper inflation concerns. Still, market attention remains on the Federal Reserve's hawkish stance and a key U.S. inflatio…
Abelardo De La Espriella emerged victorious in Colombia’s presidential runoff, winning with 49.66% against Ivan Cepeda’s 48.7% according to the national registrar. The win signals a sharp political shift toward tougher security measures, reduced state size and revived oil development, as the 47-year-old nationalist pledges to overhaul economic and …
Oil prices climbed in Asian trading after renewed geopolitical tensions rattled markets. U.S. President Donald Trump warned of further military strikes on Iran if Hezbollah persisted in attacking Israel, while Tehran said it had closed the Strait of Hormuz. The developments came despite a first round of U.S.-Iran talks under a 60-day interim peace …
Brazilian authorities, working with U.S. and Bolivian counterparts, seized a large timber shipment that investigators believe may hide what could be the country’s largest-ever consignment of smuggled cocaine. The Federal Revenue Service said police are conducting forensic tests after finding signs that narcotics were embedded within the wood. Inspe…
Ship transits through the Strait of Hormuz fell markedly on Sunday after Iran's Islamic Revolutionary Guard Corps said it had closed the waterway again, citing breaches of an interim ceasefire. Analytics firm Kpler recorded five vessels transiting on Sunday, down from 26 the previous day. The development follows a temporary lifting of an effective …
Morgan Stanley warns that a hawkish Federal Reserve and elevated real yields are curbing ETF demand and creating a near-term headwind for gold’s advance toward a $5,200-per-ounce target, even as easing Middle East tensions and robust central bank purchases provide structural support. The bank says a renewed wave of ETF buying tied to evidence of lo…
President Donald Trump posted that there will be no tolls levied for passage through the Strait of Hormuz for the duration of a 60-day interim ceasefire with Iran, and that this toll-free status will continue after the period unless the United States decides to impose charges if the deal is not completed.
European natural gas prices climbed on Friday, ending a six-day decline after the cancellation of high-level U.S.-Iran implementation talks and an intensification of Israeli airstrikes in Lebanon prompted investors to reprice risk. The front-month Dutch TTF and the British benchmark both posted gains following a recent run toward multi-month lows.
A 14-point memorandum of understanding signed by U.S. President Donald Trump and Iranian President Masoud Pezeshkian appeared to halt hostilities and reopen the Strait of Hormuz, sending global equities higher and Brent crude under $80 a barrel. The agreement promised toll-free traffic through Hormuz for 60 days while broader issues would be negoti…
Australian authorities reported a suspected mainland case of H5N1 bird flu after a brown skua discovered in Cape Le Grand National Park in Western Australia tested positive for avian influenza. State and federal ministers said confirmatory testing is underway and that national response plans would be activated if the H5 strain is confirmed. Officia…
Gold extended declines in Asian trading and was headed for a third straight weekly drop as a stronger U.S. dollar and a hawkish Federal Reserve outlook outweighed early-week gains from an interim peace deal between Washington and Tehran. Spot and futures contracts fell, while other precious metals also retreated.
Oil prices moved lower on June 19 as signs of renewed tanker movement through the Strait of Hormuz signalled that previously stranded crude could return to global markets. Brent and U.S. West Texas Intermediate both fell, with traders cautious until sustained shipping activity provides clearer confirmation of a recovery in flows following a U.S.-Ir…
Oil prices eased in Asian trade and were on track for sharp weekly declines after an interim U.S.-Iran agreement and the reopening of the Strait of Hormuz reduced fears of prolonged supply disruption. Brent and WTI fell in late U.S. hours, while lingering regional strikes and a firmer dollar kept traders cautious about a swift return to pre-crisis …
The United States said it welcomed a meeting in Caracas between Jorge Rodriguez, head of Venezuela’s National Assembly, and opposition figure Dinorah Figuera to discuss a democratic transition that would include strengthening the National Electoral Council (CNE). The encounter was the first public sign of rapprochement between ruling party and oppo…
Chicago wheat futures fell Thursday, snapping a three-day gain as grain markets lost momentum. The stronger U.S. dollar - which rose after the Federal Reserve held interest rates steady on Wednesday and signaled possible rate hikes later in the year due to inflation above its 2% target - added pressure by making U.S. commodities costlier for foreig…
U.S. energy firms increased the combined oil and gas rig count by one to 563 in the week ending June 18, marking the eighth weekly increase in nine. Gas rigs reached 122, their highest level since early June, while oil rigs held at 433. The total rig count is 2% higher than a year earlier, and the Energy Information Administration projects U.S. cru…
Raw sugar futures fell amid weaker energy prices and a marked drop in Chinese imports, with the July contract retreating to 13.59 cents per pound. Production shifts by cane mills and reduced demand from the world's largest sugar importer intensified downward pressure, while El Niño-related production worries capped losses.
Euronext September wheat finished flat on Thursday after earlier touching a two-week high, as weakness in Chicago futures counterbalanced weather concerns in France and buying by Algeria's state grains agency. European maize and wheat markets found support from a worsening French heatwave and a major Algerian tender, even as dollar strength and low…
