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
UBS has revised its copper price outlook higher across the 2026-2028 horizon and for the long term, pointing to ongoing supply disruptions and continued demand tied to the energy transition. While the bank expects the market to move toward a deficit that will support elevated prices, it also warns that current demand signals are mixed and that exis…
The United States expects to finalize a long-term framework for an economic security zone with the Philippines soon, a senior U.S. official said, as Washington accelerates expansion of its Pax Silica technology supply chain alliance. The two governments have a two-year period to work out the details of the pact signed last month, and will define se…
Gold extended gains in Asian trade as markets reacted to comments suggesting progress toward a U.S.-Iran peace deal. A retreat in yields this week and bargain buying after steep losses helped bullion, while persistent geopolitical risks and disruptions to oil flows kept broader optimism tempered. Other precious metals also advanced.
Crude benchmarks climbed Thursday following two sessions of declines as uncertainty about a cessation of the Iran war and a substantial U.S. inventory draw renewed concerns over global stockpile depletion. Brent rose to $105.83 a barrel and U.S. West Texas Intermediate to $99.23, while U.S. strategic and commercial reserves showed notable reduction…
Oil prices advanced in early Asian trading after U.S. President Donald Trump said the United States was prepared to strike Iran if Tehran did not accept a peace deal, while also indicating a willingness to wait for additional days. Brent and West Texas Intermediate futures recovered from recent losses as geopolitical tensions and disruptions to Str…
A federal auction of oil and gas drilling rights across New Mexico and Texas generated $4 billion in winning bids, a sum that eclipses previous onshore lease sale records. The Interior Department said the results reflect robust industry demand for public land drilling, with the sale concentrated mainly in New Mexico's Permian basin and occurring as…
On May 20, a sale of federal oil and gas drilling rights overseen by the Trump administration produced $4 billion in winning bids, the Interior Department reported. The auction covered 74 parcels totaling 33,530 acres - largely located in New Mexico's portion of the Permian basin - and surpassed the previous onshore lease record of $972 million set…
Wheat futures on the Chicago Board of Trade declined on Wednesday, extending losses across major grains after a sharp drop in oil prices. Market participants also tracked potential rainfall for drought-affected U.S. Plains fields that have shown pronounced dryness and stunting from several months without adequate moisture.
EISA's director says Brazil is set to ship a record volume of green coffee in the crop year beginning in July, driven by likely all-time-high production and current market inversion. While shipments should help rebuild low global stocks, the unfolding El Nino pattern could affect next season's flowering and influence growers' sales decisions.
European milling wheat advanced on Wednesday as a weaker euro made the continent's grain relatively more competitive abroad, even as futures fell in Chicago and crude prices eased following comments from the U.S. president about nearing an agreement with Iran. Euronext’s September milling wheat closed higher, and exchange data showed non-commercial…
The European Commission estimates that European Union countries can pare natural gas consumption by roughly 15 billion cubic metres this year through enhanced energy efficiency, the Commission's deputy head of unit for energy security and safety said at an industry conference in Amsterdam. The official said existing regulations put in place after M…
The U.S. Energy Information Administration reported a 7.9 million-barrel decline in crude oil inventories to 445.0 million barrels for the week ended May 15. The drawdown outpaced market expectations and coincided with lower refinery runs, a drop in gasoline stocks and a modest increase in distillates.
European natural gas benchmarks fell on Wednesday as oil weakened and investors parsed comments suggesting the Iran conflict could wind down quickly. Market attention to tanker movements through the Strait of Hormuz and ongoing uncertainty over negotiations between Washington and Tehran supported a cautious tone. Analysts also flagged soft European…
Finance minister Bezalel Smotrich said he was informed the International Criminal Court prosecutor submitted a confidential request for an arrest warrant against him. He responded by promising retaliatory measures against the Palestinian Authority and ordering the evacuation of Khan al-Ahmar in the occupied West Bank. The ICC declined to comment on…
A wide array of governments have introduced emergency steps to shield consumers, farmers and critical industries from surging energy costs linked to the U.S.-Israeli war on Iran. Measures range from tax cuts and subsidies to stockpile releases, export restrictions and temporary rationing, with many countries targeting fuel, fertiliser and electrici…
Traders are on alert ahead of Nvidia's first-quarter results, with options implying a 6.5% price swing and roughly $350 billion of market capitalisation at stake. At the same time, U.S. Treasury yields jumped to multi-year highs, oil remains elevated, and geopolitical developments are drawing investor attention. A widely watched 20-year bond auctio…
A severe drought across the U.S. Plains, combined with sharply higher diesel and fertilizer prices following the closure of the Strait of Hormuz, is squeezing growers from Texas to South Dakota. Producers report crop losses, reduced use of fertilizer, and a reliance on insurance or aid as yields fall and input costs climb.
On May 20, U.S. officials pushed for Ukraine to relax limits on imports of Belarusian potash and to advocate similar steps among European allies, arguing that reduced restrictions could help distance Belarus from Russia and create an opening for improved relations with Minsk. The move follows prior sanctions and targeted easing by the United States…
China has stated that its export controls on certain rare earths and other critical minerals are lawful and that it will work with the United States to study and resolve each other's reasonable and lawful concerns. The controls, introduced in April 2025 in response to U.S. Liberation Day tariffs, have coincided with sharp declines in shipments of m…
China says it and the United States have agreed in principle to include agricultural products in a reciprocal tariff-reduction framework following a summit between President Donald Trump and Xi Jinping. Beijing's statement affirms guiding goals to expand bilateral agricultural trade and references a board to oversee $30 billion of goods for tariff …
Gold traded with little movement in early Asian hours as markets weighed the inflationary effects of the Iran war and the prospect of higher interest rates. Small gains in spot and futures gold left prices close to recent lows while silver and platinum showed modest strength. Persistent bond yield highs and a firmer dollar added pressure to metals …
Oil prices edged down in early Asian trading after U.S. officials signaled progress in negotiations with Iran. July West Texas Intermediate futures fell 0.3% to $98.88 a barrel by 19:50 ET (23:50 GMT), following a roughly 1% drop on Tuesday. Market moves were tempered by continued supply disruption through the Strait of Hormuz and a larger-than-exp…
Chinese leader Xi Jinping and Russian President Vladimir Putin are scheduled to meet in Beijing for a summit focused on bilateral and international issues, to conclude with a private tea session. The visit follows U.S. President Donald Trump’s trip to the same capital, prompting careful comparison of symbolism and outcomes. Officials expect dozens …
Mexico's leading meat industry group is pressing to increase exports of processed beef to the United States next year as a countermeasure to lost income from a border closure prompted by a persistent screwworm outbreak. The shift requires ranchers to hold and feed animals domestically through slaughter and processing, lengthening the supply chain a…
The U.S. administration's proposed civil nuclear cooperation agreement with Saudi Arabia does not include the most stringent nonproliferation measures sought by Democratic lawmakers, according to a State Department letter. The draft requires a bilateral safeguards agreement rather than the broader U.N. International Atomic Energy Agency oversight s…
