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 opened the second half of the year with caution as U.S. Treasury yields climbed ahead of the June jobs reports. A renewed rise in U.S. job openings, a major jump in South Korean exports driven by semiconductors, currency moves in Japan and an early start to U.S. payroll reporting ahead of the Independence Day holiday all contributed …
The campaign by Alberta separatists to ask residents whether the province should start the constitutional process leading to a binding referendum is casting a political shadow over summer rodeos and festivals. The debate has coincided with the start of the Calgary Stampede and prompted protest and cancellation at smaller events, while a federally b…
UBS reports investor interest in commodities has reached a multi-year high and published a 10-point note covering how these assets behave, their merits for portfolios, and common pitfalls. The bank highlights four principal investment rationales - diversification, inflation hedging, downside protection and return enhancement - and offers a cautious…
Two senior Iranian sources told Reuters that Iran intends to secure lasting international acceptance of its authority to regulate traffic through the Strait of Hormuz, including the right to determine routes and potentially levy fees. Under a recent interim memorandum with the United States, Iran agreed to allow unrestricted passage for 60 days wit…
European natural gas benchmarks surged to their highest levels in more than two weeks after Iran declined to attend scheduled peace talks with U.S. envoys in Doha. The ICE Dutch TTF contract and its British counterpart both moved sharply higher, underscoring the sensitivity of European gas flows to geopolitical disruptions in the Middle East.
Gold traded lower in Asian hours on Wednesday, remaining under pressure after suffering its largest quarterly decline in 13 years. Spot gold fell 0.7% to $3,981.50 an ounce while futures dropped 1.1% to $3,994.32/oz. Markets are focused on an address by Federal Reserve Chair Kevin Warsh for further signals on U.S. interest-rate policy as expectatio…
Oil prices inched higher amid continuing uncertainty over the U.S.-Iran negotiating process in Doha, which maintained a geopolitical risk premium even as U.S. crude production reached a record level in April. Traders are watching talks in the Qatari capital and forthcoming U.S. inventory data for indications of direction after a steep recent correc…
Oil prices climbed modestly in early trading as reports that Iran will not meet directly with U.S. envoys heightened concerns over the stability of an interim ceasefire in the four-month-long war. Brent and U.S. crude each gained, while market attention also turned to U.S. inventory draws and shifts in analysts' 2026 price forecasts following easin…
The U.S. Treasury has designated two Mexican nationals and nine associated entities for sanctions, accusing them of running a cross-border fuel smuggling operation that supplies cartel-controlled outlets in Mexico and generates hundreds of millions of dollars annually for the Jalisco New Generation Cartel (CJNG). The action includes guidance for fi…
Bayer has petitioned U.S. trade authorities to impose duties on glyphosate imports from China, arguing the chemical is being sold at artificially low prices and undermining domestic production. The move, filed by Bayer's Monsanto unit with the U.S. Department of Commerce and the U.S. International Trade Commission, has prompted criticism from farm …
The U.S. Department of Energy has issued an emergency order for PJM Interconnection, the country's largest grid operator, citing surging electricity demand and potential supply shortfalls as an intense heat wave approaches. PJM requested federal assistance after forecasting unusually high peak loads for July 1 and July 2, 2026, and identifying cons…
South Bow and Bridger Pipeline said they will jointly develop a new crude pipeline running from Guernsey, Wyoming to Cushing, Oklahoma. The project will make use of a corridor acquired from another company, and the partners said their immediate priority is to engage landowners and communities along the proposed route while they continue to work thr…
U.S. corn futures rose after the USDA's annual acreage report showed farmers planted fewer corn acres this year than last and that grain stocks on June 1 were tighter than analysts had expected. Wheat and soybean futures also moved higher on the report, which showed soybean plantings matched estimates while all wheat plantings came in below forecas…
Northwest European gasoline refining margins rose by $0.75 to $35.43 per barrel on Tuesday, levels not seen since mid-2022. The move coincided with several large barge transactions of Eurobob gasoline grades and a series of policy signals and market developments across major consuming and producing countries.
Wheat futures on Paris-based Euronext fell to their lowest level in two weeks while maize contracts rose to new highs, with traders attributing the divergence to assessments that maize suffered more damage than wheat during an extreme late-June heat event. Grain markets awaited U.S. Department of Agriculture reports on planting and stocks later in …
US crude oil production reached a record 13.93 million barrels per day in April, driven by a 216,000 bpd monthly increase as producers responded to higher prices linked to the Iran war. New Mexico set a state high, Texas moved to near-winter peak levels, and North Dakota matched its recent highs. Futures traded around $70 per barrel after April pea…
The Indian government has lowered export duties on diesel and aviation turbine fuel and increased the duty on petrol exports, citing a need to protect domestic supply. The changes coincide with downward revisions to near-term Brent crude forecasts and a retreat in oil prices after eased geopolitical tensions and normalized shipping through the Stra…
U.S. Treasury Secretary Scott Bessent publicly urged gasoline retailers to reduce prices as the nation marks its 250th anniversary, reiterating President Donald Trump's demand and warning that regulators are monitoring station behavior. The call comes after global oil price fluctuations this year tied to strikes and retaliatory attacks, with recent…
U.S. Treasury Secretary Scott Bessent urged gasoline retailers across ownership types to reduce pump prices and said the administration is watching pricing practices. His remarks follow a public warning from President Donald Trump demanding immediate price cuts and signaling potential consequences, and come as the nation prepares to mark its 250th …
A monthly poll of 31 economists and analysts shows downward revisions to 2026 oil price forecasts after five consecutive increases, driven by the reopening of the Strait of Hormuz and signs of softer demand. Brent and U.S. crude outlooks were cut notably from last month, while forecasters expect a gradual return to market surplus if Gulf flows norm…
At the halfway mark of 2026, semiconductor stocks have emerged as the market's standout performers, with major chip names rising sharply on robust AI-related capital spending. That rally has coincided with persistent macroeconomic and geopolitical risks - from a four-month Iran conflict to tensions involving Venezuela, Greenland and NATO - and with…
Gold has plunged roughly 24% from its late-January record and is heading for its worst quarter since April 2013 as a firmer U.S. dollar and higher rate-hike pricing weigh on the non-yielding metal. Options flows, institutional survey data and upcoming U.S. payrolls prints are all shaping market sentiment and near-term direction.
OCBC has reduced its end-2026 price forecasts for gold and silver, attributing the revisions to a repricing of real interest rates, renewed U.S. dollar strength and a more hawkish stance priced into Federal Reserve expectations. The bank framed the cuts as responses to a more challenging near-term environment while maintaining that longer-term stru…
Front-month Dutch TTF and Britain’s wholesale gas contracts rose on the day but are set for their first quarterly declines in more than a year as easing tensions in the Strait of Hormuz and lower global crude prices remove key drivers of the recent rally. Persistently low European storage levels, however, may cap further downside.
Gold slid to its weakest levels since early November, with spot prices and futures down as investors priced in higher U.S. interest rates and persistent inflation risks tied to energy and artificial intelligence-driven supply strains. Other precious metals also recorded deep monthly losses as markets reacted to a firmer dollar and expectations for …
