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.
156 total articles
Oil prices slipped in Asian trading as the Trump administration relaxed certain restrictions on Venezuela’s state oil company, allowing U.S. entities to handle sales and transportation of Venezuelan crude. Markets remain attentive to potential U.S. military action against Iran and to a weekend OPEC+ meeting expected to leave production unchanged, e…
Oil prices surged this month and were trading near multi-month highs as markets priced in potential disruptions tied to escalating tensions between the United States and Iran. Brent and U.S. West Texas Intermediate (WTI) futures posted strong gains, with traders building in a risk premium amid a U.S. military buildup in the Middle East, statements …
Gold slipped in early Asian trading on Friday after a volatile session that saw the metal hit record highs and then fall sharply. Spot gold declined 0.5% while April futures ticked up 0.3%, but the metal is still on track for a powerful monthly gain driven by safe-haven flows and a weaker dollar amid geopolitical and U.S. fiscal uncertainty.
Canadian Prime Minister Mark Carney told reporters he expects the U.S. administration to respect Canada's sovereignty after reports that U.S. State Department officials met with the Alberta Prosperity Project, a group advocating a referendum on Alberta independence. The APP reportedly held three meetings and seeks another session to request a $500 …
Citi Research finds that a constellation of factors - including a fire-related outage at Kazakhstan's Tengiz field, severe U.S. cold weather, rising U.S.-Iran tensions, tighter U.S. restrictions on Russian oil purchases and ongoing Chinese inventory buying - have propped up oil prices despite an estimated global oversupply of about 2 million barrel…
A senior Democrat on a House oversight panel has asked global commodity traders Vitol and Trafigura to produce all communications with members of the Trump administration from January of last year through the present, seeking to clarify any arrangements tied to U.S. management of Venezuelan oil sales after the capture of President Nicolas Maduro.
UBS has raised its XAU/USD price target for March, June and September 2026 to $6,200 per ounce, up from $5,000, citing stronger investment flows, continued central bank purchases and heightened geopolitical and policy uncertainty. The bank still expects prices to ease to $5,900 by the end of 2026, and lays out upside and downside scenarios of $7,20…
Copper on the London Metal Exchange surged into record territory, climbing 11% to $14,527.50 a ton in a one-day leap driven by speculative flows and short-covering. The rapid advance has left bearish investors exposed and put funds on a decision point as concerns mount over soft industrial demand and potential volatility if market participation thi…
Ranjeet Sundher, CEO of Tactical Resources, says the United States cannot end its reliance on imported rare earths immediately but can cut exposure by expanding domestic supply and processing. He highlights a shift in policy from ambition to execution, with 2026 expected to be a pivotal year for translating government support into tangible project …
Russia’s state nuclear corporation has told state media it stands ready to evacuate its personnel from Iran’s Bushehr nuclear power plant should circumstances require. The plant, built by Moscow and Iran’s only operating nuclear facility, currently hosts hundreds of Russian workers according to President Vladimir Putin. Moscow is also constructing …
U.S. and global markets absorbed a heavy flow of earnings, currency moves and geopolitical news and remained resilient. Big tech reported mixed results that highlighted divergent paths within the AI spending cycle, while the Federal Reserve kept interest rates unchanged and signalled that policy easing is unlikely before mid-year. Rising tensions b…
Oil benchmarks jumped to multi-month highs as tensions between Washington and Tehran intensified amid the arrival of a U.S. naval group in the region. Market gains were notable for Brent and West Texas Intermediate futures, yet analysts at Kepler Cheuvreux argue the chance of meaningful Iranian crude supply disruption is limited. Kepler points to t…
Global demand for gold climbed to an unprecedented 5,002 metric tons in 2025, up 1% from the prior year, driven by a surge in investment amid concerns over global instability and trade tensions. The World Gold Council says strong inflows to gold-backed ETFs and physical demand are expected to persist into 2026, while record prices continue to suppr…
Copper futures surged to new highs in both Shanghai and London trading on Thursday, as investors sought physical metals amid geopolitical tensions and a weaker dollar. The Shanghai most-active contract jumped more than 6% to around 108,740 yuan a ton after an intraday peak above 109,000 yuan, while the London three-month benchmark rallied to nearly…
Oil futures extended gains for a third consecutive day amid growing concern that the United States could launch military strikes targeting Iran, a major OPEC producer. Brent and U.S. West Texas Intermediate rose to their highest levels since late September, buoyed also by a surprise fall in U.S. crude stocks that tightened the short-term supply-dem…
Oil prices advanced to their highest levels in four months in Asian trade, driven by heightened U.S.-Iran tensions that increased a risk premium on crude and by winter weather in the United States that disrupted output and exports. A softer dollar following the Federal Reserve's hold on interest rates also supported the market. Government data show…
Gold surged to unprecedented levels on Wednesday evening after reports that the U.S. President was weighing a new strike on Iran, lifting demand for physical safe havens. Spot gold topped $5,595.41 an ounce, while April futures reached $5,625.89 an ounce, as geopolitical concerns and a weaker dollar supported the rally.
Citi warned that oil prices could remain high in the near term as geopolitical risks, tighter U.S. restrictions on Russian crude purchases and ongoing Chinese buying support markets. The bank cited outages in Kazakhstan, severe U.S. cold weather and Middle East tensions as factors keeping prices above $60, and said further escalation around Iran co…
Senate Democrats, led by the top Democrat on the environment committee, said they will not support bipartisan legislation to speed permitting for energy and infrastructure projects unless the White House stops obstructing renewable energy development. Lawmakers are divided over an amendment that would preserve the president's ability to block permi…
Ukrainians face a difficult period over the next three weeks as temperatures plunge and Russian attacks on energy infrastructure escalate. Key population centers, particularly in northern and eastern regions, are experiencing widespread outages and heating losses. Officials warn the damaged system is meeting only a fraction of winter demand and is …
German Chancellor Friedrich Merz said the conditions for ratifying a trade agreement between the European Union and the United States exist provided Washington adheres to prior commitments. Speaking at a joint press appearance with his Romanian counterpart, Merz welcomed U.S. moves that removed new tariff threats and signalled progress on other mat…
Tether's CEO Paolo Ardoino told Reuters the company intends to hold roughly 10% to 15% of its investment portfolio in physical gold, adding to about 130 metric tons the firm already stores. The company has been buying gold since 2020, added 27 tons in the fourth quarter, and is purchasing about two tons per week, while continuing to invest USDT res…
Tether's chief executive said the crypto group plans to hold about 10% to 15% of its investment portfolio in physical gold, complementing roughly 10% in bitcoin. The company says it now holds about 130 metric tons of bullion after adding 27 tons in the fourth quarter, has been buying roughly two tons per week, and uses profits and reserves to acqui…
The dollar steadied on Wednesday following a steep decline to a four-year low overnight, a move that President Donald Trump publicly welcomed as the currency being "great" and that it should "just seek its own level." Markets are weighing whether the administration prefers a weaker dollar while Treasury Secretary Scott Bessent has remained tight-li…
SBG Securities warns that gold prices could reach as high as $10,000 an ounce this year under a materially more dovish U.S. monetary policy path, driven by a weaker dollar and continued geopolitical stress. The broker's analyst Adrian Hammond says bullion's advance is now led by macro dynamics rather than the traditional mining earnings leverage th…
