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
Gold prices stabilized in Asian markets as investors absorbed recent U.S.-Iran military actions and awaited the Federal Reserve's June meeting minutes for guidance on future interest rate policy. Spot bullion edged higher while futures eased, after a pronounced decline the previous session linked to heightened geopolitical tensions and a stronger d…
U.S. Central Command announced it completed a fresh set of strikes on Iran, targeting more than 80 sites and disabling a range of military systems and vessels. The move coincided with Washington revoking an oil sales license following attacks on three tankers in the Strait of Hormuz. Iran's military leadership has vowed a "crushing response," and o…
Oil futures climbed sharply after the U.S. military said it launched fresh strikes against Iran and moved to reimpose oil sanctions following attacks on vessels transiting the Strait of Hormuz. West Texas Intermediate rose to $72.45 a barrel while Brent had settled 5.5% higher the previous session, as traders weighed renewed shipping risks against …
U.S. oil benchmarks rose sharply in early trade following U.S. military strikes on Iran, a response to reported Iranian attacks on three commercial vessels transiting the Strait of Hormuz. West Texas Intermediate gained $1.95, or 2.8%, to $72.39 a barrel as of 2215 GMT, extending prior-session gains after the U.S. revoked a licence authorising sale…
Brazil's soluble coffee industry warned that a proposed 25% U.S. tariff on Brazilian instant coffee would push up costs for U.S. businesses and consumers by disrupting supplies of a product largely imported from Brazil. Industry representatives and U.S. coffee groups told U.S. Trade Representative hearings the levies could increase consumer prices,…
Oil futures jumped on Tuesday, with both Brent and U.S. West Texas Intermediate settling around 3% higher before extending gains in post-settlement trade. The moves followed a U.S. decision to revoke a general license permitting sales of Iranian crude and reports of attacks on vessels near the Strait of Hormuz. Market participants cited renewed geo…
The U.S. Energy Information Administration (EIA) raised its projection for worldwide crude oil production and trade flows after the Strait of Hormuz reopened following a June 18 agreement between the United States and Iran. The agency now expects flows to return to near pre-conflict levels by the end of this year, with most previously shut-in produ…
Cuba continued efforts on Tuesday, July 7, to recover from a nationwide grid collapse that left millions without power. The state grid operator said central provinces from the port of Mariel to Sancti Spiritus were reconnected, but the far east and far west of the island remained without service. The outage is the third nationwide blackout this yea…
The International Energy Agency projects a 0.5% reduction in global natural gas consumption in 2026 - roughly a 20 billion cubic metre drop - driven by higher prices and reduced flows through the Strait of Hormuz following the U.S.-Iran conflict. The contraction is linked to lower demand from power plants and industry, with fuel switching in Asia c…
U.S. semiconductor stocks rallied on Monday after news that Broadcom would extend a chip supply deal with Apple through 2031, lifting the S&P 500 and Nasdaq. That momentum faded Tuesday as Asian markets weighed on sentiment, with Samsung Electronics falling nearly 7% despite reporting a 19-fold rise in second-quarter operating profit and SK Hynix s…
A vessel was struck by a projectile in the Strait of Hormuz overnight, officials said, igniting an engine-room fire about 8 nautical miles off Oman's coast. The incident occurred as millions of Iranians attended funeral processions for the slain Supreme Leader Ayatollah Ali Khamenei and as Iran's foreign minister warned that peace negotiations will…
European wholesale gas markets climbed on Tuesday as forecasts for an intense summer heatwave raised the prospect of greater power-sector demand while unscheduled extensions to maintenance in Norway reduced pipeline flows. Storage levels are refilling at a slower seasonal pace, leaving inventories below last year’s level at the same point and addin…
Gold prices retreated during Asian trading as markets wrestle with persistent uncertainty over U.S. interest rates and inflation. A reported vessel strike in the Strait of Hormuz renewed worries about energy disruptions, supporting the dollar and pressuring precious metals. Attention is focused on the Federal Reserve's June meeting minutes and the …
Crude futures rose modestly after reports of a tanker strike near the Strait of Hormuz heightened security concerns even as Saudi price cuts for Asia and an OPEC+ production increase raised expectations of more barrels returning to the market. Traders await updated forecasts from the U.S. Energy Information Administration while monitoring shipping …
Oil prices rose modestly as traders moved from geopolitics to fundamentals, weighing increases in Gulf output and OPEC+ production targets against uncertainty over whether demand will absorb expanding supply. Brent and U.S. crude advanced slightly, while investors monitored U.S.-Iran negotiations on shipping and early signs of demand, particularly …
Department of Energy figures show the Strategic Petroleum Reserve declined by 6.2 million barrels for the week ended July 3, leaving the SPR at 319.5 million barrels - its lowest level since April 1983. The drawdown is part of a planned 172 million-barrel release intended to alleviate global supply shortages tied to the Iran war and to ease fuel pr…
Ship-tracking data shows at least 16 tankers carrying a combined 28 million barrels of crude oil loaded in the Persian Gulf are expected to reach Europe during July and August. The cargo mix is led by Iraq and the UAE, while a handful of vessels have used the Sumed pipeline at Ain Sokhna as part of their routing.
In Washington on July 6, President Donald Trump said the United States would either reach an agreement with Iran or take military action to 'finish the job.' His remarks came after indirect talks between the U.S. and Iran ended last week without visible progress and following the funeral of Supreme Leader Ayatollah Ali Khamenei, where Iranians appe…
Iran has seen vast turnout at a week of funerals and public ceremonies for Supreme Leader Ayatollah Ali Khamenei, killed in U.S.-Israeli strikes at the start of the war. Authorities portray the crowds as a sign of unity and defiance, yet analysts, officials and participants caution that attendance does not equal broad popular support. Persistent ec…
Wheat prices on Euronext rose after a sharp rally in maize on both sides of the Atlantic and weather forecasts that raise concerns for corn crops. Support came from a weaker euro and a large Saudi Arabian purchase, while strong French harvest volumes and expected Black Sea output limited further gains.
The mass turnout at the funeral of Iran’s Supreme Leader signalled national unity and sent a message to the United States and Israel that Tehran weathered the conflict that began with U.S. and Israeli strikes on February 28. Officials and analysts say Iran is using that perceived resilience to press for recognition of its control over the Strait of…
Benchmark aluminium on the London Metal Exchange rose 0.8% to $3,115 per metric ton as market participants weighed ongoing supply-shortage forecasts against recent diplomatic developments in the Middle East. Physical inventories and delivery-designated metal remain constrained, supporting price resilience even after earlier intraday weakness tied t…
Global markets opened the week mixed as investors returned from the U.S. July 4 holiday. A softer-than-expected June U.S. jobs report and a busy corporate earnings calendar are shaping expectations for monetary policy and risk appetite. Tech names, particularly memory chipmakers, face scrutiny amid strong AI-driven demand, while oil moves and geopo…
European wholesale natural gas prices declined on Monday as traders balanced healthy regional inventories and easing shipping concerns in the Middle East against an anticipated heatwave in Northwest Europe that could push up power and air-conditioning demand. Market participants are also watching French river temperatures closely because of their p…
The global oil market has so far absorbed more than a billion barrels of lost supply since the Iran war began, aided by alternative exports, demand adjustments and large emergency stock releases. But with strategic inventories depleted, critical infrastructure damaged and ceasefire progress uncertain, the world now operates with a diminished safety…
