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.
2,682 total articles
HSBC reduced its average gold price forecasts for 2026 and 2027 following a pronounced sell-off earlier this year, but the bank expects underlying fiscal imbalances and heightened geopolitical tensions to restore demand and support a renewed rally in the metal over time. Central bank buying, modest mine output growth, and rising recycling will shap…
QatarEnergy has paused plans to swiftly raise production at the Ras Laffan liquefied natural gas complex after one of the country's tankers was attacked in the Strait of Hormuz. The company has moved the facility to minimal operations and reduced vessel callings while it assesses safety amid escalating regional incidents and U.S. military action.
Bernstein has increased its 2026 gold price projection to $4,533 an ounce and set a second-half 2026 target of $4,375 an ounce, citing persistent central bank buying and expectations that the Federal Reserve will likely avoid an aggressive tightening cycle over the next year. The firm highlights the inverse relationship between real interest rates …
Renewed military exchanges between the U.S. and Iran pushed investors to weigh geopolitical risk against pockets of optimism in technology stocks. Oil pared gains and traded under $80 a barrel after an abrupt multi-week rally, global bond yields climbed, and chip-related strength in the U.S. helped lift Asian markets momentarily. Federal Reserve mi…
Iranian forces struck U.S. military infrastructure in neighboring Gulf states after U.S. strikes on Iran's southern coastal and eastern provinces, further testing a three-week-old ceasefire. The country prepared to bury its slain Supreme Leader Ayatollah Ali Khamenei in Mashhad amid mass processions. Markets reacted with a brief spike in oil prices…
Bernstein has kept its aluminium price forecast for the second half of 2026 at $3,100 per ton. The research house cites an easing of the premium that emerged after the Strait of Hormuz crisis and faster-than-expected production recovery in the Middle East, while noting that physical market conditions remain tighter than before the conflict and that…
European wholesale natural gas prices eased on Thursday after a sharp rise driven by renewed geopolitical tensions in the Middle East. The Dutch benchmark fell modestly while the British contract steadied following a multi-week surge. Market participants, already fatigued by fragile supply dynamics, are reacting to the abrupt breakdown of an interi…
Goldman Sachs cautions that renewed clashes between the U.S. and Iran threaten the rebound in oil shipments through the Strait of Hormuz. A series of drone attacks on tankers, subsequent U.S. strikes and Iranian retaliation have unsettled the short-lived recovery in Persian Gulf flows, with strategists saying Iran’s willingness to allow safe passag…
Gold prices edged lower on Thursday as a firmer dollar and renewed U.S.-Iran hostilities heightened worries over persistent inflation and the prospect of extended high interest rates. Fed minutes showed policymakers divided on further rate hikes, while oil-linked inflation drivers and central bank caution continued to weigh on the yellow metal.
Crude futures advanced after Washington mounted fresh strikes on Iranian targets, reviving fears that renewed hostilities could impair shipments through the Strait of Hormuz. The market reaction follows recent attacks on commercial vessels in the region, official shipping advisories and warnings from both sides that could stall a tentative rebound …
Oil futures rose on Thursday after the United States carried out fresh strikes on Iran, undermining hopes for a quick de-escalation and weighing on prospects for unhindered passage through the Strait of Hormuz. Benchmarks moved higher in early trading and had already rallied in post-settlement activity following the initial U.S. strikes.
Oil prices climbed in post-settlement trading after the U.S. military initiated fresh strikes on Iran. Both Brent and U.S. West Texas Intermediate settled at two-week highs following U.S. presidential warnings of immediate further strikes and statements that an interim deal was "over". The strikes and related exchanges have heightened concerns over…
Corn futures on the Chicago Board of Trade fell on Wednesday as traders booked gains after an early-session push to one-month highs. Softer weather projections for the U.S. Midwest and a stronger dollar added downward pressure, even as ethanol production and inventories moved lower for the week ended July 3.
U.S. ultra-low sulfur diesel futures rallied sharply after Russia moved to halt diesel exports, producing the contract's largest one-day advance in four years. The surge reflects mounting supply pressures from strikes, production disruptions and below-average inventories in the United States, according to market observers and government data.
Iran has placed control of the Strait of Hormuz at the center of its strategic objectives, treating the waterway as a decisive leverage point it terms a "golden weapon." Recent incidents in which ships transited the strait without Tehran's approval and were fired upon have produced an exchange of fire with the United States and threaten the stabili…
At the NATO Summit in Ankara, U.S. President Donald Trump told reporters he believes Israel will withdraw troops from southern Lebanon, citing discussions with Israeli Prime Minister Benjamin Netanyahu and a security arrangement between Israel and Lebanon. The statement contrasts with Netanyahu's recent visit to territory held by Israeli forces, wh…
U.S. energy companies exported a record 8.73 million barrels per day of total petroleum products in the week ended July 3, according to the Energy Information Administration's weekly Petroleum Status Report. The export pace exceeded the previous weekly high of 8.22 million barrels per day recorded in early May. At the same time, U.S. crude inventor…
Wheat futures rose on Wednesday as market participants positioned for the U.S. Department of Agriculture's monthly supply and demand report due Friday, which will include end-June acreage and stocks estimates. Benchmark contracts advanced alongside soybeans, while Ukraine's farmers' union warned that rain in key regions could delay barley and wheat…
In Ankara on July 8, U.S. President Donald Trump warned Iran that additional U.S. strikes would likely follow on Wednesday night after recent exchanges of force. He said a memorandum of understanding that had acted as an initial ceasefire was "over," while stopping short of declaring a return to open war. The resurgence of hostilities has already p…
Fresh military exchanges between U.S. and Iranian forces and a U.S. move to revoke an Iranian oil sanctions waiver have pushed oil prices higher and unsettled global equity markets. Chip stocks led losses across Asian and U.S. markets, tipping South Korea's KOSPI into bear market territory even after large gains earlier in the year. Central bank ac…
Front-month wholesale gas contracts in the Netherlands and the UK jumped about 6% in afternoon trading after U.S. President Donald Trump voiced deep scepticism about the month-old Islamabad Memorandum of Understanding with Iran. The move came as Iran confirmed strikes on U.S. military bases in Kuwait and Bahrain, prompting market participants to ad…
Wholesale gas benchmarks in Europe climbed sharply after renewed hostilities in the Strait of Hormuz prompted fears of disruptions to global LNG shipping. The surge comes as Europe enters its summer restocking period with inventories reported as relatively high, but market participants have re-priced the risk of prolonged maritime interruptions.
Ukrainian commanders say Russian troops have begun hiding supplies in civilian vehicles and installing high-power jamming equipment designed to disrupt Starlink satellite links used to pilot mid-range drones. The tactics aim to blunt a campaign that has struck supply lines, fuel depots and command sites, though Ukrainian units continue to target ja…
At least four tankers attempting to transit the Strait of Hormuz changed course and returned after recent vessel attacks and reports of missile strikes elevated safety concerns. Analytics firms and ship-tracking data indicate three QatarEnergy-controlled LNG tankers and an Indian-flagged crude tanker aborted their transits, while a backlog of balla…
Iran’s Islamic Revolutionary Guard Corps reported coordinated missile and drone strikes on U.S. military positions in Bahrain and Kuwait following a fresh wave of U.S. strikes on Iranian targets. The exchange marks a severe rupture of a fragile ceasefire, with air raid sirens sounding in Gulf states, targeted damage and injuries reported, and oil m…
