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.
2,681 total articles
European wholesale natural gas prices plunged almost 9% on Monday after oil markets slumped on de-escalation signals from the Middle East. The move pared back recent gains that had pushed benchmark contracts to four-month highs, while lingering storage deficits and uncertainty over the durability of the geopolitical thaw keep the market sensitive a…
Oil prices retreated sharply after the United States and Iran paused military strikes over the weekend, prompting investors to roll back a wartime risk premium that had pushed crude to recent highs. While the diplomatic pause eased immediate fears, continued disruptions to shipping routes and dwindling stock buffers leave markets exposed to renewed…
President Donald Trump said he will not advance a U.S. civil nuclear agreement with Saudi Arabia unless the kingdom formally joins the Abraham Accords, adding a public condition to a pact already signed by Energy Secretary Chris Wright and Saudi Energy Minister Prince Abdulaziz bin Salman. The Department of Energy has said the agreement aims to dev…
Barclays said the risk profile for its 2026 Brent forecast is skewed to the upside if the current impasse over passage through the Strait of Hormuz continues. The bank quantified incremental upside to its $96/bbl 2026 Brent baseline for one-, two- and three-month durations of the disruption, and warned that spot prices could lead any rapid rally.
Protesters in Kyiv have launched an open-ended demonstration calling for the return of dismissed defence minister Mykhailo Fedorov. The unrest follows a contested government reshuffle that removed Fedorov and replaced the commander-in-chief Oleksandr Syrskyi with Mykhailo Drapatyi. Demonstrators and organisers say they will maintain pressure after …
U.S. energy firms reduced the number of active drilling rigs for the first time in six weeks, with the combined oil and gas rig count falling by one to 587 in the week ending July 24. The move reflects a small pullback in oil-directed activity even as gas-directed rigs rose modestly. Broad-year declines in rig counts over recent years and EIA outpu…
Wheat futures on Euronext closed sharply lower following denials from Ukraine's agriculture minister that Kyiv is discussing alternative means to safeguard grain exports through Black Sea ports in the Odesa region. The September milling wheat contract ended the session down 4.2% at €231.75 per metric ton after an earlier slide of more than 6%.
Yemen appears to be sliding back toward active hostilities as Houthi attacks on Saudi infrastructure and shipping intensify. Military build-ups by both Houthi and government forces along a northwest front, coupled with a Houthi-declared naval blockade and strikes on Saudi vessels and an airport, have increased the risk of a resumed conflict despite…
Physical crude oil values in the Middle East, Europe and Africa rose to two-month highs this week, with some grades nearing $110 per barrel. Disruptions tied to attacks in the Red Sea and to a Black Sea export terminal closure have tightened supply, prompting buyers to seek alternate sources and lifting spot premiums for regional benchmarks.
Ukrainian drone formations operating well behind the front line have launched a concentrated campaign against ships and coastal targets around Crimea and in the Black Sea, reporting strikes on more than 180 sea-borne targets over roughly three weeks. Units led by commanders using call signs such as "Ray" and Robert "Magyar" Brovdi say they are aimi…
U.S. President Donald Trump warned of severe military reprisals against Iran and its Houthi allies after the Yemeni militants struck two Saudi oil tankers in the Red Sea, actions that elevated oil prices, disrupted shipping routes, and prompted a fresh wave of strikes across the region. The escalation has extended the war to the Bab el-Mandeb strai…
Gold slipped modestly on Friday but remained positioned to record its first weekly rise in three weeks, buoyed by renewed geopolitical tensions in the Middle East even as investors price in a chance the Federal Reserve will keep interest rates elevated. Strong U.S. labor market data and rising Treasury yields continued to weigh on bullion, while oi…
The U.S. military announced late Thursday that it completed a new round of strikes on Iran, marking the 13th consecutive night of U.S. attacks. Central Command said the operation, which lasted more than two hours, targeted Iranian command centers, drone facilities, communications nodes, coastal surveillance sites and maritime capabilities intended …
Oil prices moved toward weekly gains on July 24 as Houthi attacks on tankers in the Red Sea raised the prospect of the Bab el-Mandeb shipping route being closed, and Kazakhstan temporarily reduced production after its main export path was forced to halt following suspected drone attacks at a Black Sea terminal. Brent and WTI futures each eased intr…
Brent crude climbed to $100 a barrel as attacks on Saudi oil-carrying tankers in the Bab el-Mandeb strait escalated Middle East tensions, supporting a five-day rally in oil and lifting U.S. energy and refining shares in premarket trading. Market participants flagged a slower-than-expected recovery in Middle East production flows, while select large…
Wheat futures at the Chicago Board of Trade traded mixed as reports of attacks on grain shipping and port infrastructure in the Black Sea and Sea of Azov raised supply concerns, while profit-taking and technical selling capped gains. U.S. crop-scout projections and weekly export-sale figures added to a market balancing act.
India's crude processing at refineries rose by 1% in June from the previous month to 5.44 million barrels per day, equal to the level recorded a year earlier. The increase translated to 22.26 million metric tons processed. At the same time, imports fell by more than 12% from May to 19.59 million metric tons, and several shipments were interrupted a…
President Donald Trump stated that a U.S.-Saudi civil nuclear agreement is conditioned on Saudi Arabia joining the Abraham Accords. He emphasized that there would be no enrichment of nuclear material while the underlying agreement allows the kingdom to enrich uranium and build reactors using U.S. technology, and does not require the same snap UN in…
The United States and Saudi Arabia have finalized a civil nuclear agreement permitting the kingdom to enrich uranium and construct reactors using U.S. technology. The pact does not require Saudi Arabia to adopt the International Atomic Energy Agency’s Additional Protocol for snap inspections, and must still clear a congressional review period befor…
Oil prices rose for a fifth consecutive session in Asian trading after Iran-aligned Houthi militants reported strikes on two Saudi oil tankers in the Red Sea. Brent futures climbed to their highest level since June 8, while tensions across the Red Sea and Strait of Hormuz and renewed U.S. strikes on Iran added to market uncertainty. U.S. stockpile …
Silver is trading at $59.55 on the 5-hour chart, trapped beneath a dense resistance band between $59.80 and $60.20. Short-term indicators tilt bullish yet momentum is softening, leaving the next 5-hour close likely to determine whether prices break higher or revert toward lower support levels. The market faces a heavy volume cluster and VWAP in the…
Gold’s 5-hour chart is centered near $4,118.9 as recent bullish moves encounter a persistent macro downtrend. Resistance clustered between $4,130 and $4,170 - including a 61.8% Fibonacci retracement at $4,130 - and weakening volume increase the chance of a reversal; traders face clearly defined entries, stops and targets on both the bearish and bul…
Gold traded with little net change after reaching a two-week peak, as escalating hostilities in the Middle East and renewed tanker attacks kept oil near multiweek highs, offsetting concerns that higher rates could weigh on non-yielding bullion. Investors have been rebuilding positions, with ETF inflows and rising non-commercial net long exposure su…
Iran-aligned Houthi forces in Yemen say they attacked two Saudi oil tankers in the Red Sea as part of a newly declared naval blockade on Saudi Arabia, a move that could create a second major chokepoint for global oil flows alongside Iran’s near-closure of the Strait of Hormuz. The incidents come amid a sustained round of U.S. military strikes on Ir…
U.S. Central Command reported that American forces completed a fifth-hour round of strikes on Iranian military targets on Wednesday at the direction of President Donald Trump, marking the twelfth straight night of U.S. attacks. The operations targeted maritime capabilities, missile and drone storage, coastal surveillance and air defenses. The campa…
