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.
2,727 total articles
A social media post by the U.S. president referencing the Keystone XL pipeline has refocused attention on a long-contested project during renewed U.S.-Canada trade negotiations. Keystone XL, a canceled cross-border crude conduit, and a newly proposed alternative called Prairie Connector remain central to discussions about North American crude flows…
Tether announced plans in May 2023 to open two bitcoin mining facilities in Uruguay as part of a broader strategy to reinvest profits into energy and mining. The operation, which contractors estimate cost roughly $120 million, faltered after a contract dispute with Uruguay’s state utility over power allocations, a change in government leadership an…
The recent sharp selloff in global government bonds, concentrated at the long end of the curve, pushed yields to multi-decade highs and prompted an rare U.S. Treasury intervention. Longer-dated U.S. Treasury yields climbed to levels not seen since 2007, setting off market unease rooted in fiscal pressures, elevated debt servicing costs and uncertai…
DUBAI, Aug 21 - Iran's parliament speaker Mohammed Baqer Qalibaf said Iran must plan to overcome what he called 'unjust sanctions' after U.S. Treasury Secretary Scott Bessent announced what he termed the toughest sanctions ever on Iran and said details would be published on Monday. Speaking in Baghdad to Iranian and Iraqi business representatives, …
Gold remained firmly above $4,500 an ounce late Friday, extending a weekly advance driven by a softer U.S. dollar and Treasury buybacks aimed at lowering long-term yields. The metal is set for a third consecutive weekly rise, up about 4% this week and positioned to finish August more than 11% higher. Market attention is split between debt-managemen…
Oil prices were little changed on Friday but remained set for a second consecutive weekly increase as the unresolved U.S.-Iran war continues to curtail output from major Middle East producers. Brent traded near $93.82 a barrel and U.S. WTI around $86.78, after both benchmarks climbed in the prior session and rose strongly over the last five trading…
Oil prices rose for a second consecutive week as a deepening impasse between the United States and Iran over control of the Strait of Hormuz kept regional supply routes constrained. Brent settled near $94 a barrel while U.S. crude ended slightly lower; both benchmarks are up double digits over the past two weeks. Market participants awaited further…
Benchmark wheat futures on Euronext climbed to their strongest levels in nearly four weeks on Thursday, led by the actively traded December contract. Market participants linked the rise to war-related interruptions to Black Sea exports that are prompting discussions among importers about shifting purchases toward Western Europe. September futures n…
U.S. Treasury Secretary Scott Bessent announced a Monday press conference to explain the administration's planned actions on Iran. His comments came after President Donald Trump warned of severe economic consequences for any country that provided support to Iran. Bessent also questioned recent oil price moves and noted private diplomacy may be pref…
Senior trade officials from Canada and the United States met for a second consecutive day in Washington as negotiators pushed to finalize a deal that would reduce a range of tariffs and avert new duties scheduled for the weekend. Canadian minister Dominic LeBlanc and U.S. Trade Representative Jamieson Greer held talks, with Canada’s chief negotiato…
Raw and white sugar contracts on ICE surged to their highest levels in over a year amid trader concern that El Nino-related production disruptions and potential Indian imports could tighten global supplies. Market moves were supported by a Conab forecast that Brazil's sugar output will fall and by policy steps in India aimed at curbing domestic pri…
Raw and white sugar futures on ICE reached levels not seen in over a year on Thursday as traders reacted to concerns about El Nino-related production disruptions and the possibility that India, facing record domestic prices, could begin importing sugar. Brazil's Conab forecast a drop in the nation's 2026/27 sugar output, while Indian policy measure…
UBS has reduced its natural gas price forecasts for December 2026, March 2027 and June 2027 by $0.20 per mmbtu, citing larger-than-normal inventory builds amid steady U.S. production and softer liquefied natural gas exports. Inventories are now well above the five-year average and could rise further through the injection season, while new pipeline …
Morgan Stanley says gold reached its fourth-quarter target sooner than expected and outlines a trajectory that could push the metal above $5,000 an ounce in 2027, while warning that the climb may include bouts of volatility. The bank points to renewed ETF demand after a drop in Fed-hike odds, central bank reserve accumulations, and a decoupling fro…
The U.S. Treasury unexpectedly doubled its planned bond buybacks in the two months leading to the midterm elections, shoring up long-dated yields that had surged to multi-decade highs. While the move calmed the government debt market and helped a 20-year auction clear, it does not reduce the total stock of debt and may lead to greater reliance on s…
European wholesale gas prices rose modestly as continued disruptions to tanker transit through the Strait of Hormuz and a shortfall in underground storage outweighed a temporary easing in global yields. Traders saw Dutch futures hold above multi-month support while U.K. contracts strengthened amid concerns about near-term supply into North Sea hubs…
Attacks on grain infrastructure in the Black Sea have disrupted shipments during the height of the export season, prompting major wheat importers to scramble for replacement supplies. Physical prices in Australia, Argentina and the United States have risen as benchmark Chicago futures climbed more than 17% since early July. Buyers in Asia, the Midd…
Oil prices were largely unchanged in early trade as investors weighed the risk of a wider U.S.-Iran conflict and ongoing uncertainty about shipping through the Strait of Hormuz. Brent rose slightly, U.S. WTI contracts moved unevenly, and U.S. stockpile data showed a larger-than-expected crude build alongside shifts in refined product inventories.
WTI (West Texas Intermediate) and Brent are the two dominant crude benchmarks, trading at $85.10 and $92.23 respectively, leaving a $7.13 spread that reflects geography, supply risk and market structure. For newcomers, WTI typically offers clearer news linkage, deeper liquidity and lower apparent geopolitical sensitivity; Brent is the more global g…
Canadian and U.S. trade officials met in Ottawa after U.S. President Donald Trump temporarily paused planned 50% tariffs on some Canadian products for three days. Negotiators are working against a new deadline of 12:01 a.m. ET on Saturday when tariffs on $20 billion of Canadian goods would take effect if no agreement is reached. Auto tariffs, rules…
Platinum Spot US Dollar climbed 2.9% in pre-market trading to $1,766.80 per ounce after a softer U.S. dollar and weaker expectations for near-term Federal Reserve rate increases catalyzed buying across precious metals. A cooler-than-expected Consumer Price Index print, continued structural supply constraints and emerging industrial demand for data …
U.S. bond yields remain close to multi-decade highs but eased modestly after a softer-than-expected U.S. industrial production reading. Investors are watching a planned U.S. 20-year Treasury auction and the Federal Reserve's July meeting minutes for clues on policy direction. Energy markets are focused less on crude and more on refined products aft…
UBS has moved its long-run gold forecast out by one quarter, setting a target of $5,400 per ounce for the end of September 2027 while keeping its end-2026 call at $4,600. The bank says softer expected U.S. real interest rates, a broadly weaker dollar and resilient investor demand are the pillars behind further upside. UBS also details the demand in…
European natural gas prices paused a five-day advance on Wednesday, retreating from the highest levels since March 2026 as traders locked in gains. Benchmarks in the Netherlands and the U.K. fell back from intraday peaks after a week of repricing driven by geopolitical tensions in the Middle East and the resulting disruption to maritime LNG flows. …
Gold prices steadied after a steep intraday decline, pressured by surging U.S. Treasury yields and stronger oil. Investors awaited the Federal Reserve's July meeting minutes for direction on interest rates, while geopolitics around the Strait of Hormuz continued to influence energy markets and inflation expectations.
