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
Chicago Board of Trade soybean futures rose modestly as market participants covered short positions and adjusted portfolios ahead of the U.S. Memorial Day holiday weekend. Gains were contained by favorable Midwest crop weather forecasts, while government and private export updates showed U.S. soymeal and soybean sales in line with market expectatio…
Corn futures on the Chicago Board of Trade ended higher on Friday as market participants covered short positions and rebalanced portfolios ahead of the Memorial Day holiday. The U.S. Department of Agriculture reported elevated export sales for both old- and new-crop corn, and the Commodity Weather Group projected Midwest showers that could aid crop…
U.S. energy companies increased the number of active oil and natural gas rigs for the fifth straight week, lifting the total rig count to 558 in the week ending May 22, according to Baker Hughes. The gain was driven by a jump in oil rigs, while natural gas rigs fell. The current total remains slightly below last year’s level and follows multi-year …
Trafigura moved several hundred million dollars' worth of copper out of London Metal Exchange warehouses in the United States and Asia after opportunities to profit from higher New York Comex prices emerged. The trading house led orders to withdraw over 51,000 tonnes on Friday, the largest single-day removals on the LME since 2013, highlighting ren…
Speaking after a NATO ministers meeting in Sweden, Secretary of State Marco Rubio said the United States has observed limited progress in talks with Iran and is maintaining continuous contact with Pakistani mediators. Rubio emphasized that significant issues remain - including Iran's nuclear capabilities, future uranium enrichment and the reopening…
European benchmark gas contracts fell on Friday as markets weighed mixed signals from talks aimed at ending the Iran conflict and forecasts for a gradual return of Norwegian supply following maintenance. Prices were lower across major hubs, even as analysts cautioned that storage deficits and the continued closure of the Strait of Hormuz keep upsid…
The United Arab Emirates has formally withdrawn from the Organization of the Petroleum Exporting Countries, concluding a multi-year review that weighed the prospect of a declining oil era against the need to monetize existing production capacity. A senior presidential adviser said the move allows the UAE to raise output and channel proceeds into ot…
Global sovereign bond yields climbed sharply as the ongoing energy disruption tied to Gulf tensions pushed oil prices higher and revived inflation and rate-hike concerns. Equities showed resilience later in the week, led by chipmakers and AI-related names, but the market faces near-term pressure from the possibility of disrupted fuel flows through …
Anwar Gargash, diplomatic adviser to the United Arab Emirates president, told delegates in Prague that there is a '50-50 chance' of a U.S.-Iran peace agreement. He cautioned that any political settlement must confront the root causes of regional instability rather than only seeking a ceasefire, and warned that moves to politicise control of the Str…
Barclays has kept its 2026 average Brent crude price forecast at $100 per barrel but warns that upside risks are growing. With Brent trading near $105 amid doubts over U.S.-Iran talks and a continued closure of the Strait of Hormuz, the bank highlights a sizable supply shortfall, sharply drawn inventories and resilient demand that could push prices…
The U.S. House Energy and Commerce Committee voted overwhelmingly to advance the Sunshine Protection Act, a proposal to keep daylight saving time in effect year-round. Proponents cite public safety and winter economic benefits while opponents warn of very late winter sunrises and darker mornings for schoolchildren. The bill would still need passage…
Gold slipped modestly in early Asian trading and was on track for a subdued weekly result as uncertainty over the Iran conflict and its implications for interest rates kept investors cautious. Spot gold and futures both fell 0.2%, while oil-related inflation pressures and shifting Federal Reserve views on rate increases weighed on appetite for non-…
U.S. authorities have arrested Adys Lastres Morera, identified as the sister of the executive president of GAESA, a Cuban military-controlled conglomerate. According to U.S. officials, Morera entered the United States as a lawful permanent resident in 2023 and is now held by U.S. Immigration and Customs Enforcement pending removal proceedings. ICE …
Oil futures rose sharply in early Asian trading on Friday, recovering from earlier declines as markets awaited further indications of progress toward a potential U.S.-Iran peace arrangement. Despite the intraday bounce, benchmarks remain set for weekly losses amid continued friction over Iran's nuclear activities and disruption of flows through the…
U.S. crude futures climbed in early trading as skepticism grew over the prospects for a breakthrough between Washington and Tehran. Negotiators remain divided on Iran's uranium stockpile and potential controls in the Strait of Hormuz, prompting a rebound in West Texas Intermediate prices after a recent drop.
Chicago Board of Trade corn futures moved slightly lower as market participants reacted to the lack of concrete information from China about specific U.S. agricultural purchase commitments following a recent summit. Positive weather prospects for U.S. corn development exerted downward pressure on prices, while firm export sales reported by the USDA…
After crude hit record highs above $160 per barrel last month amid the U.S.-Iran war and a largely closed Strait of Hormuz, prices have fallen back to roughly $100-$110 as Chinese refiners cut processing and tapped stockpiles, and U.S. crude and fuel exports rose. The reduction in prices has occurred despite the removal of roughly 14 million barrel…
President Donald Trump vowed that the United States will ultimately retrieve Iran’s stockpile of highly enriched uranium, saying Washington does not want the material and will likely destroy it after recovery. Iran has indicated it will not send the material abroad and its leadership has directed that near-weapons-grade uranium remain in the countr…
The Environmental Protection Agency plans to postpone enforcement of two Biden-era refrigerant rules and pursue further rollbacks affecting transporters of refrigerated goods, the agency's administrator said. The moves target regulations on hydrofluorocarbons (HFCs) from a 2023 rule and are being justified by officials as a way to lower consumer co…
European natural gas prices rose modestly on Thursday as oil benchmarks climbed and markets reacted to reports that Iran had restricted shipments of nearly weapons-grade uranium. The report - and conflicting statements from U.S. officials - undercut prospects for a rapid peace settlement that investors hope would reopen the Strait of Hormuz, a key …
UBS has adjusted its oil price projections upward, increasing September forecasts by $10 per barrel to $105 for Brent and $97 for U.S. West Texas Intermediate, and raising December and March estimates by $5. The bank says near-term risks are biased to the upside amid ongoing supply disruptions and reports of tightened control over the Strait of Hor…
Fishing vessels from New England to Southeast Asia are spending more time tied to docks as diesel prices climb, forcing crews to reduce trip frequency and raising concerns about pressure on seafood supply chains. Fishermen and industry groups report curtailed effort, while the U.N. warns prolonged fuel rises could reshape market dynamics.
Nvidia reported sharply higher sales, a modest revenue beat for the next quarter, an increased dividend and an $80 billion buyback plan, yet its shares fell about 1% in after-hours trading. Investors interpreted the results as largely priced in amid competition concerns. Broader market sentiment was supported by a slide in oil prices, reports of Op…
Two senior Iranian sources say Ayatollah Mojtaba Khamenei has directed that Iran’s near-weapons-grade enriched uranium must not be exported, hardening Tehran’s position in negotiations and raising fresh obstacles to talks aimed at ending the U.S.-Israeli war on Iran. The stance touches on core demands from the United States and Israel regarding rem…
Nickel prices fell on Thursday as market participants reassessed supply dynamics after Indonesia said it would place exports of certain commodities, including ferroalloys, under the control of a unit of its sovereign wealth fund. The benchmark three-month contract on the London Metal Exchange dropped 1.4% to $18,665 per metric ton at 0800 GMT, whil…
