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.
2,690 total articles
Two New World screwworm infestations confirmed in Texas - the first U.S. cases since the 1970s - have revived memories of past losses for longtime ranchers and prompted a mix of support and skepticism toward the U.S. Department of Agriculture's containment strategy. Officials have established a quarantine zone, increased surveillance and released s…
Iran’s Foreign Ministry spokesperson Esmaeil Baghaei warned that recent overnight exchanges of fire between Iran and Israel will exacerbate an already "chaotic diplomatic process" involving the United States. Baghaei said Tehran is communicating indirectly with Washington under conditions of "extreme suspicion," accused Israel’s actions in Lebanon …
Gold dropped to its lowest level since March 23 after U.S. jobs data reinforced expectations the Federal Reserve will keep rates higher for longer. A simultaneous rebound in oil prices, driven by renewed hostilities in the Gulf, added inflation fears that further weighed on the non-yielding precious metal.
At the St. Petersburg International Economic Forum, Rosneft CEO Igor Sechin argued that the closure of the Strait of Hormuz advantaged U.S. energy companies and posed strategic risks to global energy markets. He warned that sustained tension could weaken long-term oil demand and spur greater interest in alternative energy, while flagging vulnerabil…
A drone strike struck a passenger train in Crimea, killing the assistant driver and wounding the driver, according to a Telegram post by the peninsula's Russian-installed governor. Commuters traveling between Moscow and Simferopol were reported uninjured. Authorities also reported air-raid sirens in the Black Sea port of Novorossiysk, and recent st…
Silver is trading at $68.22 on the 1-hour chart and has fallen almost 15% over the last month. Technical indicators show a powerful downtrend - ADX at 57.3 and a red SuperTrend at $69.94 - while RSI at 23.75 signals deeply oversold conditions. Traders face setups to short into resistance and a low-confidence counter-trend long that requires a clear…
Gold is trading at $4,367.10 on the 1-hour chart after a decisive breakdown into bearish territory. Technical indicators show high conviction on the downside while short-term oscillators signal oversold conditions that could produce a fleeting relief bounce. Key levels to watch are $4,333.40 on the downside and the $4,445.60–$4,480.30 band as resis…
Oil futures surged almost 5% after Israel conducted strikes on a petrochemical facility near Mahshahr and other military targets in Iran, following Iranian missile barrages toward Israel. Brent rose to $97.44 and WTI to $94.62, reviving worries about disruptions to flows through the Strait of Hormuz and casting doubt on a recent U.S.-brokered cease…
Iran’s deputy foreign minister responded firmly to reports that the United States could make frozen Iranian assets available to Gulf states for reconstruction and compensation linked to the war. He said regional governments could not legitimately demand reparations and that any seizure or allocation of Iran’s funds without Tehran’s agreement would …
Peruvians head to the polls in a closely contested presidential run-off that could either extend the recent shift to the right across parts of Latin America or deliver a leftist victory that has unsettled investors. The contest pits conservative Keiko Fujimori against leftist Roberto Sanchez, with polls showing them in a statistical tie and markets…
Macroeconomic strains linked to the Middle East conflict and stickier-than-expected inflation have interrupted a months-long advance in precious metals by resetting expectations for monetary policy. UBS Switzerland Chief Investment Officer Michael Bolliger says higher real yields have recently pressured gold, but institutional demand and an eventua…
Rosneft CEO Igor Sechin told delegates at the St. Petersburg International Economic Forum that the closure of the Strait of Hormuz has primarily advantaged U.S. energy companies, reshaped global energy market rules in Washington’s favor, and exposed strategic vulnerabilities that could extend to other major maritime chokepoints. He also warned that…
A federal lease auction for oil and gas rights in Alaska's Arctic National Wildlife Refuge yielded $3.7 million in winning bids across five tracts, with only two participants placing nine offers for roughly 70,000 acres. The sale, the initial round of four required under recently enacted federal law, highlights limited industry interest despite geo…
Russia’s state nuclear company Rosatom reported that a Ukrainian drone deliberately hit engineers clearing mines around the Russian-held Zaporizhzhia nuclear power plant, wounding multiple personnel at the outset of a ceasefire arranged by the IAEA to repair the facility’s external power lines. The IAEA has been informed and called for military res…
US energy companies increased the combined oil and natural gas rig count for a seventh straight week, the longest run of additions since May 2022, according to Baker Hughes. The total rose by one to 563 in the week ending June 5, with oil rigs up and gas rigs down. The tally is modestly higher than a year earlier and reflects an early indicator of …
A calf in La Pryor, Texas tested positive for screwworm, prompting a livestock quarantine, checkpoints and a USDA-led containment campaign that includes fly traps and releases of sterile flies. Ranchers and local officials voiced concern about preparedness, potential impacts on cattle and wildlife, and limited sterile-fly supplies as cattle futures…
Northwest European gasoline refining margins rose by $0.35 on Friday to $22.20 per barrel, supported by falling regional inventories. Market participants recorded several barge trades in both Eurobob E10 and E5 grades in Argus and Platts windows, while a Mediterranean cargo moved at a premium. Dutch consultancy Insights Global reported a 7% weekly …
The Electric Reliability Council of Texas (ERCOT) found that multiple large data centers and cryptocurrency mining operations failed critical voltage disturbance tests, disconnecting abruptly in simulations and raising concerns about grid stability ahead of peak summer demand. ERCOT examined about 20 gigawatts of prospective large customers, includ…
Lebanese President Joseph Aoun accused Iran of treating Lebanon as a bargaining chip in talks with the United States, saying citizens are paying the price as fighting between Hezbollah and Israel continues. Hezbollah rejected a U.S.-mediated ceasefire proposal that required the group to stop firing and withdraw from southern Lebanon, while Lebanon …
Diplomats say Washington is preparing a draft resolution to censure Iran at next week’s International Atomic Energy Agency Board of Governors meeting. The move comes while U.S. and Iranian officials negotiate an extension to their ceasefire and seek a path to broader talks that would include Iran’s nuclear program.
The U.S. Treasury has urged banks to identify and report identity theft, payroll fraud and related illicit conduct connected to individuals not permitted to work in the United States. The guidance, issued in coordination with several federal regulators and the IRS, follows a presidential executive order directing heightened oversight of non-citizen…
Negotiators face multiple hard points in talks to end the four-month war between the United States and Iran. Central questions include reopening the Strait of Hormuz, the future of Iran's nuclear programme and enriched uranium stocks, limits on ballistic missiles, the lifting of sanctions and release of frozen assets, and the inclusion of Israel's …
Planned maintenance at the Russkaya pumping station in Russia and receiving terminals in Turkey has interrupted gas deliveries via the TurkStream pipeline from June 2 through June 10, according to European transmission group ENTSOG and Bulgarian operator Bulgartransgaz. TurkStream is the sole operational route for Russian gas to Europe after the en…
European natural gas futures fell slightly on Friday but were still positioned for gains over the week as markets weighed persistent tensions in the Middle East against steady demand and increased liquefied natural gas send-out. Key diplomatic ruptures, combat activity in Lebanon and disruptions to tanker routes, including the effective closure of …
Goldman Sachs has upgraded its copper price forecasts after identifying a notably tighter market outside the United States. The bank attributes the shift to reduced global mine output, slower recoveries at major operations, limited scrap availability in China and continued heavy U.S. imports, which together push non-U.S. market balances into sizeab…
