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.
2,723 total articles
U.S. and Iranian officials are said to be negotiating a narrow, staged agreement intended to stop the ongoing military confrontation and reopen traffic through the Strait of Hormuz. The framework under discussion would first aim to formally end the war, then settle the Gulf shipping crisis, and finally create a 30-day window to negotiate a more com…
European natural gas benchmarks eased Thursday as market participants monitored reports that Washington and Tehran are engaging mediators on a one-page framework to revive peace talks. The Dutch TTF front-month contract fell modestly, as did the U.K. front-month, while officials on both sides signalled differing reactions to the U.S. proposal. Anal…
A renewed surge in chip and tech-related stocks pushed Asian markets higher as Japan returned from Golden Week, led by large gains in SoftBank. The move adds to a strong year for Asian benchmarks and contrasts with more modest gains in U.S. indices. Falling oil prices on hopes of a U.S.-Iran deal helped ease bond yields, even as sporadic military a…
With automatic identification transponders switched off and a mix of direct sailings, ship-to-ship transfers and storage unloading, the United Arab Emirates has moved several million barrels of crude out of Gulf terminals through the Strait of Hormuz. Industry sources and satellite and shiptracking datasets indicate these operations reflect the len…
China's central bank added to its gold stockpile for an 18th straight month in April, lifting holdings to 74.64 million fine troy ounces and increasing the reserve value to $344.17 billion. The uptick in April reversed a value decline recorded in March that was linked to a sharp drop in bullion prices. Market movements in April were influenced by w…
Brazilian President Luiz Inacio Lula da Silva travels to the White House aiming to restore personal rapport with U.S. President Donald Trump, head off potential new trade penalties tied to a Section 301 probe, and offer cooperation on critical minerals and organized crime. The visit comes amid lingering tariff fallout from measures imposed last yea…
U.S. President Donald Trump will meet Chinese President Xi Jinping in Beijing on May 14 and May 15 in the first visit by a U.S. leader to the Chinese capital in nearly a decade. Officials and market participants expect limited concrete breakthroughs, but negotiators are pursuing targeted trade deals, discussions on advanced technology exports and c…
Gold ticked higher in Asian trade after a near 3% rally the previous session, supported by reports of progress on a U.S.-Iran memorandum of understanding and a weaker dollar. Falling oil prices helped push down Treasury yields and encouraged demand for non-yielding bullion ahead of U.S. jobs data later this week.
Oil futures recovered modestly in Asian trade after a more than 7% decline the previous session. Prices were driven by reports that Washington and Tehran may be nearing a memorandum of understanding, and by U.S. Energy Information Administration data showing smaller-than-expected crude draws alongside strong petroleum exports.
U.S. crude futures climbed roughly $1 in early Asian trading on May 7, reversing losses from the previous session as investors digested reports that negotiators were close to a one-page memorandum that could formally end the Middle East conflict. West Texas Intermediate gained 80 cents, or 0.8%, to $95.88 a barrel as of 2223 GMT after touching $96.…
Basis bids for hard red winter wheat in the southern U.S. Plains were unchanged on Wednesday as merchandisers weighed forecasts of frost and freezes that could damage drought-affected crops. K.C. hard red winter wheat futures, which climbed to multi-year highs last week amid concerns about drought-related crop loss, settled slightly lower on Wednes…
PJM Interconnection, the largest U.S. power grid operator, is evaluating sweeping changes to how electricity is procured across its 13-state system after record increases in capacity prices driven largely by new data center connections. The operator has proposed three distinct reform pathways that favor longer-term contracting to address supply sho…
Heightened geopolitical tensions in the Middle East, combined with persistent supply chain constraints for critical equipment and resistance to long-term procurement in parts of Europe, are encouraging more LNG exporters to secure shipping under long-term charters rather than relying on the spot market. Industry executives at a Houston forum said t…
U.S. media figure Ted Turner, whose death was reported by CNN, was widely known for blunt, provocative remarks that earned him the nickname 'The Mouth of the South.' Below is a selection of notable quotations and brief context where provided, reflecting his public persona and moments of apology for controversial statements.
European natural gas futures eased after earlier declines as market participants reacted to reports the United States and Iran may be nearing a limited agreement to halt hostilities. The Dutch TTF front-month contract pulled back by 6.7% to 43.77 euros per megawatt hour by 09:09 ET (13:09 GMT), though prices remain substantially above pre-war level…
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 …
