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.
2,693 total articles
Colombian presidential hopefuls drew large crowds as they completed campaign tours ahead of a May 31 vote. Leftist Ivan Cepeda led a final poll narrowly but was forecast to lose in a potential June 21 runoff against either right-leaning rival. Rival candidates Abelardo De La Espriella and Paloma Valencia emphasized tougher security and conservative…
Oil prices declined sharply in early Asian trading on Monday after reports that a memorandum of understanding between the United States and Iran was largely negotiated. Brent futures slipped beneath the $100-per-barrel mark while U.S. crude also posted a steep drop. Despite signs of diplomatic movement, constrained tanker traffic through the Strait…
On May 24 U.S. lawmakers appearing on Sunday television programs expressed sharply divided views on the publicly reported contours of an agreement being negotiated by President Donald Trump to end the Iran war. Republicans largely praised the administration's approach and promised enforceable terms, while Democrats dismissed the reported outlines a…
Local authorities in Shanxi province have revised the death toll from a gas explosion at the Liushenyu coal mine to 82, saying an initial higher figure resulted from confusion at the scene. The blast left two people unaccounted for, 128 injured and 35 unhurt. All four mines owned by the operator have been shut and executives detained as an investig…
U.S. and Iranian officials are reportedly close to finalizing a draft pact that would extend a ceasefire for 60 days. Under the proposed terms, the Strait of Hormuz would be reopened with no tolls, Iran would clear mines to permit free passage, and Tehran would be allowed to resume oil sales as sanctions relief and negotiations on its nuclear activ…
U.S. President Donald Trump said a memorandum of understanding on ending the conflict with Iran is "largely negotiated" and indicated the deal would reopen the Strait of Hormuz. Iranian state-linked media pushed back, saying Trump’s claim about the strait was "inconsistent with reality." Pakistani officials involved in mediation reported encouragin…
A final pre-election AtlasIntel poll shows leftist Ivan Cepeda retaining a narrow lead in first-round voting intention, while right-wing businessman Abelardo De La Espriella has gained momentum and is projected to defeat Cepeda in a head-to-head runoff. The survey also indicates Paloma Valencia remains third but could outperform Cepeda in a potenti…
President Donald Trump told CBS News negotiators for the United States and Iran were getting closer to a pact intended to halt the war. He said any final agreement would block Iran from obtaining a nuclear weapon and ensure its enriched uranium is properly managed. Separately, in an Axios interview he warned he could resume military action if a sat…
Iran, the United States and Pakistan said they have made progress in mediated discussions aimed at ending nearly three months of conflict. Meetings in Tehran between Iranian negotiators and Pakistan's army chief, and public statements from U.S. and Iranian officials, indicate narrowing differences on a memorandum of understanding centered on a 14-p…
Iran’s Parliament Speaker Mohammad Baqer Qalibaf told Pakistan’s army chief during talks in Tehran that Iran will not yield on its national rights and accused the United States of lacking honesty in negotiations. Pakistani mediation has sought to bridge differences after weeks of fighting that have left the Strait of Hormuz closed to most shipping …
Chicago Board of Trade soybean futures rose modestly as market participants covered short positions and adjusted portfolios ahead of the U.S. Memorial Day holiday weekend. Gains were contained by favorable Midwest crop weather forecasts, while government and private export updates showed U.S. soymeal and soybean sales in line with market expectatio…
Corn futures on the Chicago Board of Trade ended higher on Friday as market participants covered short positions and rebalanced portfolios ahead of the Memorial Day holiday. The U.S. Department of Agriculture reported elevated export sales for both old- and new-crop corn, and the Commodity Weather Group projected Midwest showers that could aid crop…
U.S. energy companies increased the number of active oil and natural gas rigs for the fifth straight week, lifting the total rig count to 558 in the week ending May 22, according to Baker Hughes. The gain was driven by a jump in oil rigs, while natural gas rigs fell. The current total remains slightly below last year’s level and follows multi-year …
Trafigura moved several hundred million dollars' worth of copper out of London Metal Exchange warehouses in the United States and Asia after opportunities to profit from higher New York Comex prices emerged. The trading house led orders to withdraw over 51,000 tonnes on Friday, the largest single-day removals on the LME since 2013, highlighting ren…
Speaking after a NATO ministers meeting in Sweden, Secretary of State Marco Rubio said the United States has observed limited progress in talks with Iran and is maintaining continuous contact with Pakistani mediators. Rubio emphasized that significant issues remain - including Iran's nuclear capabilities, future uranium enrichment and the reopening…
European benchmark gas contracts fell on Friday as markets weighed mixed signals from talks aimed at ending the Iran conflict and forecasts for a gradual return of Norwegian supply following maintenance. Prices were lower across major hubs, even as analysts cautioned that storage deficits and the continued closure of the Strait of Hormuz keep upsid…
The United Arab Emirates has formally withdrawn from the Organization of the Petroleum Exporting Countries, concluding a multi-year review that weighed the prospect of a declining oil era against the need to monetize existing production capacity. A senior presidential adviser said the move allows the UAE to raise output and channel proceeds into ot…
Global sovereign bond yields climbed sharply as the ongoing energy disruption tied to Gulf tensions pushed oil prices higher and revived inflation and rate-hike concerns. Equities showed resilience later in the week, led by chipmakers and AI-related names, but the market faces near-term pressure from the possibility of disrupted fuel flows through …
Anwar Gargash, diplomatic adviser to the United Arab Emirates president, told delegates in Prague that there is a '50-50 chance' of a U.S.-Iran peace agreement. He cautioned that any political settlement must confront the root causes of regional instability rather than only seeking a ceasefire, and warned that moves to politicise control of the Str…
Barclays has kept its 2026 average Brent crude price forecast at $100 per barrel but warns that upside risks are growing. With Brent trading near $105 amid doubts over U.S.-Iran talks and a continued closure of the Strait of Hormuz, the bank highlights a sizable supply shortfall, sharply drawn inventories and resilient demand that could push prices…
The U.S. House Energy and Commerce Committee voted overwhelmingly to advance the Sunshine Protection Act, a proposal to keep daylight saving time in effect year-round. Proponents cite public safety and winter economic benefits while opponents warn of very late winter sunrises and darker mornings for schoolchildren. The bill would still need passage…
Gold slipped modestly in early Asian trading and was on track for a subdued weekly result as uncertainty over the Iran conflict and its implications for interest rates kept investors cautious. Spot gold and futures both fell 0.2%, while oil-related inflation pressures and shifting Federal Reserve views on rate increases weighed on appetite for non-…
U.S. authorities have arrested Adys Lastres Morera, identified as the sister of the executive president of GAESA, a Cuban military-controlled conglomerate. According to U.S. officials, Morera entered the United States as a lawful permanent resident in 2023 and is now held by U.S. Immigration and Customs Enforcement pending removal proceedings. ICE …
Oil futures rose sharply in early Asian trading on Friday, recovering from earlier declines as markets awaited further indications of progress toward a potential U.S.-Iran peace arrangement. Despite the intraday bounce, benchmarks remain set for weekly losses amid continued friction over Iran's nuclear activities and disruption of flows through the…
U.S. crude futures climbed in early trading as skepticism grew over the prospects for a breakthrough between Washington and Tehran. Negotiators remain divided on Iran's uranium stockpile and potential controls in the Strait of Hormuz, prompting a rebound in West Texas Intermediate prices after a recent drop.
