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.
2,694 total articles
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.
Chicago Board of Trade corn futures moved slightly lower as market participants reacted to the lack of concrete information from China about specific U.S. agricultural purchase commitments following a recent summit. Positive weather prospects for U.S. corn development exerted downward pressure on prices, while firm export sales reported by the USDA…
After crude hit record highs above $160 per barrel last month amid the U.S.-Iran war and a largely closed Strait of Hormuz, prices have fallen back to roughly $100-$110 as Chinese refiners cut processing and tapped stockpiles, and U.S. crude and fuel exports rose. The reduction in prices has occurred despite the removal of roughly 14 million barrel…
President Donald Trump vowed that the United States will ultimately retrieve Iran’s stockpile of highly enriched uranium, saying Washington does not want the material and will likely destroy it after recovery. Iran has indicated it will not send the material abroad and its leadership has directed that near-weapons-grade uranium remain in the countr…
The Environmental Protection Agency plans to postpone enforcement of two Biden-era refrigerant rules and pursue further rollbacks affecting transporters of refrigerated goods, the agency's administrator said. The moves target regulations on hydrofluorocarbons (HFCs) from a 2023 rule and are being justified by officials as a way to lower consumer co…
European natural gas prices rose modestly on Thursday as oil benchmarks climbed and markets reacted to reports that Iran had restricted shipments of nearly weapons-grade uranium. The report - and conflicting statements from U.S. officials - undercut prospects for a rapid peace settlement that investors hope would reopen the Strait of Hormuz, a key …
UBS has adjusted its oil price projections upward, increasing September forecasts by $10 per barrel to $105 for Brent and $97 for U.S. West Texas Intermediate, and raising December and March estimates by $5. The bank says near-term risks are biased to the upside amid ongoing supply disruptions and reports of tightened control over the Strait of Hor…
Fishing vessels from New England to Southeast Asia are spending more time tied to docks as diesel prices climb, forcing crews to reduce trip frequency and raising concerns about pressure on seafood supply chains. Fishermen and industry groups report curtailed effort, while the U.N. warns prolonged fuel rises could reshape market dynamics.
Nvidia reported sharply higher sales, a modest revenue beat for the next quarter, an increased dividend and an $80 billion buyback plan, yet its shares fell about 1% in after-hours trading. Investors interpreted the results as largely priced in amid competition concerns. Broader market sentiment was supported by a slide in oil prices, reports of Op…
Two senior Iranian sources say Ayatollah Mojtaba Khamenei has directed that Iran’s near-weapons-grade enriched uranium must not be exported, hardening Tehran’s position in negotiations and raising fresh obstacles to talks aimed at ending the U.S.-Israeli war on Iran. The stance touches on core demands from the United States and Israel regarding rem…
Nickel prices fell on Thursday as market participants reassessed supply dynamics after Indonesia said it would place exports of certain commodities, including ferroalloys, under the control of a unit of its sovereign wealth fund. The benchmark three-month contract on the London Metal Exchange dropped 1.4% to $18,665 per metric ton at 0800 GMT, whil…
UBS has revised its copper price outlook higher across the 2026-2028 horizon and for the long term, pointing to ongoing supply disruptions and continued demand tied to the energy transition. While the bank expects the market to move toward a deficit that will support elevated prices, it also warns that current demand signals are mixed and that exis…
The United States expects to finalize a long-term framework for an economic security zone with the Philippines soon, a senior U.S. official said, as Washington accelerates expansion of its Pax Silica technology supply chain alliance. The two governments have a two-year period to work out the details of the pact signed last month, and will define se…
Gold extended gains in Asian trade as markets reacted to comments suggesting progress toward a U.S.-Iran peace deal. A retreat in yields this week and bargain buying after steep losses helped bullion, while persistent geopolitical risks and disruptions to oil flows kept broader optimism tempered. Other precious metals also advanced.
Crude benchmarks climbed Thursday following two sessions of declines as uncertainty about a cessation of the Iran war and a substantial U.S. inventory draw renewed concerns over global stockpile depletion. Brent rose to $105.83 a barrel and U.S. West Texas Intermediate to $99.23, while U.S. strategic and commercial reserves showed notable reduction…
Oil prices advanced in early Asian trading after U.S. President Donald Trump said the United States was prepared to strike Iran if Tehran did not accept a peace deal, while also indicating a willingness to wait for additional days. Brent and West Texas Intermediate futures recovered from recent losses as geopolitical tensions and disruptions to Str…
A federal auction of oil and gas drilling rights across New Mexico and Texas generated $4 billion in winning bids, a sum that eclipses previous onshore lease sale records. The Interior Department said the results reflect robust industry demand for public land drilling, with the sale concentrated mainly in New Mexico's Permian basin and occurring as…
On May 20, a sale of federal oil and gas drilling rights overseen by the Trump administration produced $4 billion in winning bids, the Interior Department reported. The auction covered 74 parcels totaling 33,530 acres - largely located in New Mexico's portion of the Permian basin - and surpassed the previous onshore lease record of $972 million set…
Wheat futures on the Chicago Board of Trade declined on Wednesday, extending losses across major grains after a sharp drop in oil prices. Market participants also tracked potential rainfall for drought-affected U.S. Plains fields that have shown pronounced dryness and stunting from several months without adequate moisture.
EISA's director says Brazil is set to ship a record volume of green coffee in the crop year beginning in July, driven by likely all-time-high production and current market inversion. While shipments should help rebuild low global stocks, the unfolding El Nino pattern could affect next season's flowering and influence growers' sales decisions.
European milling wheat advanced on Wednesday as a weaker euro made the continent's grain relatively more competitive abroad, even as futures fell in Chicago and crude prices eased following comments from the U.S. president about nearing an agreement with Iran. Euronext’s September milling wheat closed higher, and exchange data showed non-commercial…
The European Commission estimates that European Union countries can pare natural gas consumption by roughly 15 billion cubic metres this year through enhanced energy efficiency, the Commission's deputy head of unit for energy security and safety said at an industry conference in Amsterdam. The official said existing regulations put in place after M…
The U.S. Energy Information Administration reported a 7.9 million-barrel decline in crude oil inventories to 445.0 million barrels for the week ended May 15. The drawdown outpaced market expectations and coincided with lower refinery runs, a drop in gasoline stocks and a modest increase in distillates.
European natural gas benchmarks fell on Wednesday as oil weakened and investors parsed comments suggesting the Iran conflict could wind down quickly. Market attention to tanker movements through the Strait of Hormuz and ongoing uncertainty over negotiations between Washington and Tehran supported a cautious tone. Analysts also flagged soft European…
Finance minister Bezalel Smotrich said he was informed the International Criminal Court prosecutor submitted a confidential request for an arrest warrant against him. He responded by promising retaliatory measures against the Palestinian Authority and ordering the evacuation of Khan al-Ahmar in the occupied West Bank. The ICC declined to comment on…
