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
Reports that a deal to reopen the Strait of Hormuz may be "imminent" have prompted macroeconomic forecasters at Capital Economics to outline five principal variables to watch. The firm says tanker movements, the speed at which Gulf energy production returns, the status of commercial oil stocks and strategic reserves, shifting demand patterns in Chi…
Iran and Oman are reportedly close to finalizing an agreement on a new shipping route through the Strait of Hormuz, but Tehran says reopening the waterway will depend on broader conditions, including concessions from Washington. U.S. officials say a deal could trigger the lifting of a blockade on Iranian ports, while the United Arab Emirates report…
Canadian and U.S. officials are engaged in daily discussions over a potential arrangement in which Canada would address a set of trade demands from the Trump administration in return for Washington dropping a threatened 50% tariff scheduled to take effect on August 19. Proposed Canadian moves reportedly include removing tariffs on U.S. autos, agree…
The U.S. Senate approved David Cummins, a senior vice president at Serco, to lead the Transportation Security Administration on a 51-47 vote. The confirmation comes as the administration presses plans to reduce TSA staffing and require smaller airports to adopt private security screeners, an approach that has already attracted interest from a numbe…
Gold has pushed above $4,250/oz for the first time since June, exiting a prolonged $4,000–$4,100/oz trading band. UBS strategists have reiterated their projection that gold will climb to $5,000/oz by the first half of 2027, citing Chinese institutional purchases, ETF inflows and three structural support pillars - falling real yields as policy eases…
Gold surged on Friday, with both spot and futures contracts marking their highest levels since early June and tracking toward weekly gains exceeding 7%, after U.S. July jobs data lowered the odds of a near-term Federal Reserve rate increase. A weaker dollar, sliding oil prices amid Middle East tensions, and downward revisions to prior payrolls adde…
Oil futures extended gains in Asian trade after reports that Iran is considering legislation to bar U.S. and Israeli-affiliated vessels from the Strait of Hormuz and following statements by the Islamic Revolutionary Guard Corps that it struck hostile targets in the waterway. Additional regional attacks and a major refinery fire in Russia heightened…
The Mexican Hass Avocado Association told members that a temporary halt in operations tied to a suspension of U.S. inspections in Michoacan is not expected to significantly disrupt short-term U.S. supply, citing existing inventory and product already moving through the supply chain. However, the group and official data note that a prolonged inspect…
Euronext December wheat prices retreated on Thursday as ample global supplies eased worries about war-related interruptions to Black Sea exports. The contract fell 1.7% to €227.75 ($262.23) per metric ton by 1623 GMT, reversing gains from Wednesday and tracking a drop in Chicago futures. Traders pointed to large fund long positions that leave the m…
Speaking in Saguenay, Prime Minister Mark Carney said Canada is defending domestic workers and businesses as talks continue in Washington over a review of the U.S.-Mexico-Canada trade pact. His comments came after U.S. President Donald Trump called Canada "nasty" and attacked its leadership, while threatening further tariffs unless concessions are …
Iran has warned Gulf governments that it would retaliate against U.S. strikes by targeting oil, power, water and other strategic infrastructure across the Gulf unless those governments use their influence on the United States to push for negotiations and an end to U.S. military action. The message was carried in a series of diplomatic contacts foll…
Sinopec has significantly increased purchases of Russia's Eastern Siberia-Pacific Ocean (ESPO) crude for July-September deliveries to make up for reduced Middle Eastern supplies caused by the Iran war. Multiple trade sources and ship tracking data show 30-40 cargoes purchased, equivalent to about 241,000-320,000 barrels per day, representing 5-6% o…
Gold extended gains for a fourth consecutive session, reaching a seven-week high as reports of a possible agreement to alter maritime control in the Strait of Hormuz weighed on oil, the U.S. dollar and Treasury yields. The move reduced near-term inflation fears and prompted markets to pare back expectations for further Federal Reserve rate hikes ah…
Oil futures slipped as markets balanced tentative progress toward a coordinated shipping route in the Strait of Hormuz with continued regional security threats and an unexpected increase in U.S. crude inventories. Brent and WTI were modestly lower while remaining on track for steep weekly losses after data showed U.S. stockpiles rose instead of fal…
U.S. authorities have paused avocado export inspections in Mexico’s Michoacan state after a security alert, interrupting USDA verification at authorized packinghouses. The suspension prevents normal processing of fruit destined for the United States and could delay shipments from a region that supplies the bulk of Mexico’s exports to its largest ma…
U.S. distillate fuel exports rose to a record 1.9 million barrels per day last week, surpassing May's previous high, while domestic stockpiles fell to their lowest seasonal level since 1996. The outflow - the fifth straight week above 1.5 million barrels per day - comes despite refiners running at full tilt and follows international disruptions tha…
Deal value in the U.S. upstream oil and gas sector plunged to $9 billion in Q2, a fourfold decline from the prior period, as volatile crude prices tied to the Iran conflict and a weaker gas outlook widened valuation gaps. A record Bureau of Land Management lease sale accounted for nearly half of the quarter's announced value, while a major Gulf of …
Iran and Oman have reached a mutual understanding on the geographic coordinates for a proposed shipping route through the Strait of Hormuz, and are preparing a joint statement that remains subject to potential obstruction by third parties, Iran's Foreign Ministry spokesperson said. Sources told Reuters the arrangement would give Iran control over s…
Gold jumped 3.34% to 4,291.2 in its largest single-day advance in months, leaving the metal about 28% above its 52-week low and closer to its all-time peak of 5,626.8. Short-term momentum gauges such as the 1-hour RSI at 82.7, stochastic RSI and Williams %R register overbought readings. While intraday moving averages and technical tools show strong…
Russian central bank minutes published after the July 24 meeting say rising fuel costs contributed about 0.3 percentage point to consumer price growth in June and a further 0.2 percentage point in the first half of July. The minutes attribute the spike to fuel shortages triggered by Ukrainian drone attacks on oil refineries and related logistics, n…
Russia's central bank reported that rising fuel prices pushed consumer price growth higher by roughly 0.3% in June and a further 0.2% in the first half of July. The spike followed Ukrainian drone strikes that disrupted refinery operations, causing shortages, long queues, price rises and rationing in some regions. The regulator cut its benchmark rat…
U.S. equity benchmarks returned to record territory after a strong session, lifted by a robust corporate reporting season and lower crude prices. SpaceX’s first quarterly results beat revenue expectations but failed to sustain a rally amid investor concerns over rising AI-related capital expenditure, cash burn and potential selling as lockup period…
Gold (XAU/USD) is trading at $4,156.51 this morning, up 1.94% on the day but still 25.7% below its all-time high of $5,595.46. While daily charts display bullish signals, weekly technicals remain firmly negative, creating a challenging entry environment. Structural supports such as central bank buying, renewed geopolitical risk and a sub-100 Dollar…
Oil prices continued to trend lower for a third consecutive session as signs of potential progress on an interim U.S.-Iran accord to reopen passage through the Strait of Hormuz reduced some supply-risk premiums. Brent and WTI both slipped, while industry data pointed to a rise in U.S. crude inventories, adding further downward pressure ahead of off…
Texas Governor Greg Abbott has directed a temporary halt to approvals of new data center projects seeking connections through the state's grid interconnection process while state agencies audit planned facilities. The directive comes amid rapid proposed increases in electricity demand, strong local opposition focused on energy and water use and pol…
