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.
2,681 total articles
U.S. bond yields remain close to multi-decade highs but eased modestly after a softer-than-expected U.S. industrial production reading. Investors are watching a planned U.S. 20-year Treasury auction and the Federal Reserve's July meeting minutes for clues on policy direction. Energy markets are focused less on crude and more on refined products aft…
UBS has moved its long-run gold forecast out by one quarter, setting a target of $5,400 per ounce for the end of September 2027 while keeping its end-2026 call at $4,600. The bank says softer expected U.S. real interest rates, a broadly weaker dollar and resilient investor demand are the pillars behind further upside. UBS also details the demand in…
European natural gas prices paused a five-day advance on Wednesday, retreating from the highest levels since March 2026 as traders locked in gains. Benchmarks in the Netherlands and the U.K. fell back from intraday peaks after a week of repricing driven by geopolitical tensions in the Middle East and the resulting disruption to maritime LNG flows. …
Gold prices steadied after a steep intraday decline, pressured by surging U.S. Treasury yields and stronger oil. Investors awaited the Federal Reserve's July meeting minutes for direction on interest rates, while geopolitics around the Strait of Hormuz continued to influence energy markets and inflation expectations.
Oil prices nudged upward in early trade, extending a four-day advance as market participants wrestled with conflicting statements from U.S. and Iranian officials about access through the Strait of Hormuz. Traders also weighed recent moves by Iraq and major shipping firms to reroute exports, while U.S. inventory data showed declines in crude and dis…
Senator Flavio Bolsonaro has added former Mines and Energy Minister Adolfo Sachsida and a group of market-linked advisers to his presidential campaign team. Sachsida will join the economic policy group led by Daniella Marques as the campaign fleshes out proposals on fiscal rules, subsidized credit and labour costs. The campaign also recruited energ…
Russian President Vladimir Putin met in Moscow with Myanmar’s junta chief-turned-president Min Aung Hlaing, discussing cooperation on energy projects, defence and other sectors. Russia said it is in talks with Myanmar on building an oil refinery, exploring hydrocarbons onshore and on the continental shelf, and supplying liquefied natural gas, inclu…
European diesel refining margins climbed to an all-time high on Tuesday as ongoing disturbances to exports from the Middle East and operational challenges at Russian refineries tightened global fuel availability. Low-sulphur gasoil futures traded at substantial premiums to Brent, while U.S. diesel crack spreads also moved to record levels as supply…
US Sugar #11 futures jumped sharply after Indian authorities signaled they may remove a 100% import duty amid record domestic prices, while Brazil's shift of cane to ethanol and weaker Indian crop prospects tightened global supply estimates and pushed international benchmark prices higher. The move came despite weakness in major U.S. equity indexes…
U.S. President Donald Trump stated that there are no ongoing or planned discussions with Iran and affirmed that a naval blockade remains active while the Strait of Hormuz is open, adding that water mines have been cleared or detonated. Iran’s top negotiator Mohammad Baqer Qalibaf, speaking to parliament and as reported by state media, said the Stra…
Corn futures on the Chicago Board of Trade rose modestly on Tuesday after the U.S. Department of Agriculture trimmed its weekly condition ratings for the national corn crop. The USDA reported 60% of the crop as good-to-excellent as of Sunday, a one percentage point decline from the prior week and the lowest reading for the 33rd week of the year sin…
Chicago Board of Trade wheat contracts edged lower, slipping by up to 2 cents per bushel, but continued disruptions to Black Sea grain routes limited larger drops. Regional export constraints, a Jordanian import tender and a weaker German crop outlook kept markets from falling further, while key contract prices across the major U.S. wheat benchmark…
The Baltic Exchange's main dry bulk index fell to its lowest reading in more than two weeks as declines in capesize and panamax rates outweighed gains in the supramax segment. Average daily earnings for capesize and panamax vessels decreased, while iron ore futures climbed amid expectations of additional Chinese stimulus despite concerns about slow…
Canadian pipeline companies have proposed multiple large projects that would expand export capacity by roughly 45% by 2035, but oil sands producers are exercising capital discipline and have not signaled readiness to accelerate the scale of production increases required to fill that capacity. The gap between proposed pipeline capacity and realistic…
Iran has declared the Strait of Hormuz will remain closed until the United States fulfills specific requirements outlined in an interim memorandum signed in June. Mohammad Baqer Qalibaf, Iran's chief negotiator, told parliament that the U.S. must lift a blockade of Iranian ports, remove oil sanctions, release frozen Iranian assets and cease threats…
Oil prices in Asian trading ticked higher as diplomatic and military tensions between the U.S. and Iran over the Strait of Hormuz showed little sign of easing. U.S. President Donald Trump reiterated American control of the strait, said Washington would not seek an extension of a recently expired ceasefire with Iran, and threatened military action a…
Crude prices rose after Iranian officials signaled a move to a 'fully offensive' military stance amid stalled negotiations with the United States and Washington declined to extend a temporary ceasefire. Progress toward reopening the Strait of Hormuz has stalled and tanker traffic remains thin, elevating worries about oil supply. Brent and U.S. futu…
President Hakainde Hichilema secured a second term with about 60% of valid votes, while opposition newcomer Brian Mundubile captured around 38%, reflecting voter unease over persistent cost-of-living pressures despite macroeconomic improvements. The election aftermath saw arrests, a temporary suspension of counting and allegations of tampering; an …
Gold prices hovered around the $4,400-an-ounce mark as weaker U.S. economic releases trimmed expectations for additional Federal Reserve rate hikes, contributing to a softer dollar. At the same time, renewed conflict in the Middle East and sustained central-bank demand, particularly from China, helped underpin bullion despite rising long-term U.S. …
U.S. Energy Secretary Chris Wright said the administration will unveil measures within days to help refiners increase throughput and boost fuel supplies. Wright, speaking at an ExxonMobil-operated oil rig site in Midland, Texas, emphasized that higher refinery output domestically and abroad is crucial to lowering pump prices that remain above $4.00…
Chicago Board of Trade wheat futures retreated on Monday as traders realized profits after a recent rally. The December soft red winter contract slipped 1/4 cent to $6.89-1/4 per bushel. Ongoing attacks on Black Sea shipping routes and reduced loadings at Russian ports, along with a reported strike on port infrastructure in Ukraine's Izmail distric…
Corn futures on the Chicago Board of Trade climbed Monday as market participants awaited results from the Pro Farmer field tour and the USDA's weekly crop ratings report. Market attention is divided between domestic weather-related damage concerns and slower-than-last-year harvest progress in Brazil's center-south region.
A senior Iranian official told Reuters that Tehran will escalate tensions in the Strait of Hormuz and beyond and is prepared to launch a "timely and precise" military attack to break what it describes as a U.S. naval blockade if the United States does not fully implement an interim peace agreement within a matter of weeks. Diplomacy to revive a Jun…
Bank of America strategist Michael Hartnett reiterated gold as his preferred hedge versus a weakening dollar, citing the biggest weekly inflows to gold funds since January 2026. His note frames an 'Anything But Dollar' investment theme that also favors emerging market assets, while broader flows show substantial movement into cash, bonds and select…
U.S. retail sales posted their first monthly decline in nine months in July, setting the stage for second-quarter results from Home Depot, Target and Walmart later this week. The drop was magnified by a prior retreat in oil prices - which has since reversed - and a calendar shift of Amazon’s Prime Day into June. The weak retail reading aligns with …
