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
Global markets rallied after media reports suggested the United States and Iran are close to agreeing a one-page memorandum that would include unblocking the Strait of Hormuz. Oil prices fell sharply, while equity indexes from Wall Street to Asia hit fresh highs on hopes of reduced Gulf tensions and stronger AI-driven demand. At the same time, long…
G7 trade ministers convened in Paris seeking shared approaches to securing supplies of rare earths and other critical minerals concentrated in China. At the same time, renewed U.S. threats to boost tariffs on European-made cars have created friction, prompting intense bilateral talks and placing unity ahead of the mid-June leaders' summit at risk.
Iranian Foreign Minister Abbas Araqchi met with China’s top diplomat in Beijing on Wednesday, underscoring close Sino-Iran ties as U.S.-China leaders prepare to meet. The visit — Araqchi’s first to China since the U.S.-Israeli war on Iran sparked a historic global oil supply shock — focused on diplomacy, security in the Strait of Hormuz and nuclear…
Gold prices rose in Asian trade as a weaker U.S. dollar and falling oil prices accompanied signals of de-escalation in the Middle East. Spot gold and U.S. futures both advanced, while other precious metals also recorded gains. Comments from U.S. leadership that paused a maritime operation and signalled progress toward an Iran deal helped unwind som…
Oil prices continued to slide in Asian trading as indications of reduced geopolitical tension in the Middle East countered concerns about supply. Brent and WTI futures fell after both contracts had closed sharply lower the previous session, while a large weekly draw in U.S. crude inventories added a contrasting sign of tightened supply.
Oil opened little changed on Wednesday after a choppy session the day before, with U.S. West Texas Intermediate edging up 15 cents to $102.42 per barrel as of 2251 GMT. Market-sourced American Petroleum Institute estimates showed U.S. crude inventories fell for a third straight week, while gasoline and distillate stocks also posted declines. The fr…
The U.S. national average retail price of gasoline climbed above $4.50 a gallon on Tuesday for the first time since July 2022, driven by disruptions to oil flows through the Strait of Hormuz and refining outages. As Memorial Day and peak summer travel approach, inventories are drawing faster than normal and analysts warn prices may remain elevated …
A proposed pipeline linking Alberta to Wyoming, led by South Bow Corp and Bridger Pipeline, is reported to be approaching the minimum transport commitments required from oil companies to advance the project. With a recently granted cross-border permit and commitments covering roughly 72% of initial capacity, the proposal could increase Canadian cru…
Chicago Board of Trade futures for soybeans, corn and wheat fell on Tuesday, reversing a two-session rally. Profit-taking and increased farmer selling weighed on prices, while lower crude oil and developing shipping disruptions added pressure. Forecast rain in parts of U.S. wheat country provided some relief for wheat values, though traders caution…
Officials from the Group of Seven are engaged in talks to establish a permanent secretariat to sustain cooperative efforts on critical minerals beyond rotating presidencies, according to five people familiar with discussions. The move comes as developed countries aim to lessen dependence on China for minerals used in defence, energy transition and …
The U.S. Trade Representative this week began a four-day Section 301 inquiry into excess industrial capacity in 16 trading partners. Domestic manufacturing groups called for new import duties to counter surges from countries with unused production, while agriculture associations and import-reliant retailers warned new tariffs could disrupt trade ne…
In remarks from the Oval Office, President Donald Trump downplayed Iran’s military capabilities, urged Tehran to 'wave the white flag of surrender,' and commended a U.S. blockade of Iranian ports. He said Iran privately wants to negotiate despite public saber-rattling and suggested Tehran is too proud to capitulate.
U.S. Defense Secretary Pete Hegseth described Project Freedom as a short-term, narrowly focused operation to protect commercial vessels from Iranian actions in the Strait of Hormuz. He emphasized the mission is defensive, will avoid entering Iranian waters or airspace, and that Washington is not seeking a fight amid recent exchanges of fire between…
Ukrainian forces have markedly increased medium-range drone and missile strikes targeting logistics hubs, air-defence systems and energy and military-industrial sites well behind the front lines. Kyiv says operations at ranges beyond 20 km have risen sharply in recent months, and its Defence Ministry reported more than 160 strikes in April alone at…
Renewed U.S.-Iran exchanges around the Strait of Hormuz and an attack on a UAE oil port pushed crude sharply higher, then eased after reports of U.S. naval escorts. Markets are balancing that geopolitical shock with substantial upward revisions to U.S. earnings growth and large-scale AI spending estimates, leaving global shares slightly higher earl…
European natural gas futures held near unchanged levels as market participants weighed limited signs of resumed tanker movements through the Strait of Hormuz against ongoing military clashes and attacks on regional infrastructure. Benchmark Dutch TTF futures rose marginally after reports of a U.S.-protected vessel passing the waterway, but analysts…
Sources familiar with the project say a proposed pipeline to move Canadian crude into the United States is approaching the minimum level of long-term shipper commitments required to proceed. The Canada-to-Wyoming route would restart idle Canadian pipe and link to a new Bridger line in the U.S., potentially increasing Canadian exports to the United …
An overnight Russian missile and drone assault on gas production installations in Ukraine's Poltava and Kharkiv regions killed five people, including two emergency rescuers, wounded dozens, and interrupted deliveries to nearly 3,500 customers, Ukrainian officials said. The strikes involved ballistic missiles and unmanned aerial vehicles and caused …
Gold recovered modestly from one-month lows in Asian trade as heightened clashes between U.S. and Iranian forces around the Strait of Hormuz and U.S. efforts to secure shipping lanes influenced investor behavior. Spot gold and U.S. futures both rose modestly after bullion plunged in the previous session, while rising oil prices and higher global bo…
Oil prices retreated modestly in Asian trading after a pronounced surge the prior session, as market participants parsed rising U.S.-Iran military tensions in the Gulf alongside U.S. efforts to escort commercial vessels through the Strait of Hormuz under a new initiative called "Project Freedom." Brent and WTI prices moved in opposite directions ma…
Chicago Board of Trade corn futures rose on Monday, supported by firmer crude oil and worries that rain and cold are delaying spring planting across parts of the U.S. Traders await the USDA weekly crop progress report as some growers in the central and eastern grain belt have yet to begin planting corn and soybeans. Oil prices jumped about 4% amid …
Chicago Board of Trade soybean futures hit their highest level in seven weeks on Monday, supported by a roughly 4% jump in crude oil, continued demand from crushing plants, and tight U.S. planting progress. Traders also awaited an upcoming USDA crop report while Brazil’s StoneX raised its 2025/26 soybean output forecast to 181.6 million tonnes.
Goldman Sachs says global oil stocks are close to their lowest level in eight years, estimating inventories at 101 days of demand and warning that continued depletion - amid restricted flows through the Strait of Hormuz and recent regional attacks - is a growing concern for supplies and refined product buffers.
Goldman Sachs warns that global oil stocks are approaching their lowest level in eight years, with inventories drawn down rapidly amid continued restrictions on supplies through the Strait of Hormuz. The investment bank estimates total stocks at roughly 101 days of demand, potentially slipping to 98 days by the end of May, and highlights dwindling …
The U.S. Justice Department filed a complaint on Monday accusing Minnesota of attempting to regulate global greenhouse gas emissions by pursuing lawsuits against energy companies in state court. The action follows a series of federal moves in the state, including searches tied to a welfare fraud probe and earlier large-scale immigration enforcement…
