Commodities

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.

Articles

1,905 total articles

Oil climbs as U.S. signals possible strikes on Iran amid fragile negotiations

Oil climbs as U.S. signals possible strikes on Iran amid fragile negotiations

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…

Wheat Prices Slip as Oil Plunge Weighs on Grain Markets

Wheat Prices Slip as Oil Plunge Weighs on Grain Markets

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.

Brazil Poised for Record Coffee Exports as El Nino Looms

Brazil Poised for Record Coffee Exports as El Nino Looms

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 Wheat Rises as Softer Euro Bolsters Export Appeal

European Wheat Rises as Softer Euro Bolsters Export Appeal

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…

U.S. crude inventories fall 7.9 million barrels, EIA shows

U.S. crude inventories fall 7.9 million barrels, EIA shows

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.

Israeli Minister Says ICC Prosecutor Sought Confidential Arrest Warrant; Vows Measures Against Palestinian Authority

Israeli Minister Says ICC Prosecutor Sought Confidential Arrest Warrant; Vows Measures Against Palestinian Authority

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…

U.S. Urges Ukraine to Ease Belarus Potash Import Restrictions

U.S. Urges Ukraine to Ease Belarus Potash Import Restrictions

On May 20, U.S. officials pushed for Ukraine to relax limits on imports of Belarusian potash and to advocate similar steps among European allies, arguing that reduced restrictions could help distance Belarus from Russia and create an opening for improved relations with Minsk. The move follows prior sanctions and targeted easing by the United States…

China Signals Tariff Reductions on U.S. Farm Goods After Trump-Xi Meeting, But Implementation Remains Vague

China Signals Tariff Reductions on U.S. Farm Goods After Trump-Xi Meeting, But Implementation Remains Vague

China says it and the United States have agreed in principle to include agricultural products in a reciprocal tariff-reduction framework following a summit between President Donald Trump and Xi Jinping. Beijing's statement affirms guiding goals to expand bilateral agricultural trade and references a board to oversee $30 billion of goods for tariff …

Gold Pauses as Iran Conflict, Rate Outlook Keep Investors Cautious

Gold Pauses as Iran Conflict, Rate Outlook Keep Investors Cautious

Gold traded with little movement in early Asian hours as markets weighed the inflationary effects of the Iran war and the prospect of higher interest rates. Small gains in spot and futures gold left prices close to recent lows while silver and platinum showed modest strength. Persistent bond yield highs and a firmer dollar added pressure to metals …

Oil Drifts Lower as U.S. Signals Progress in Talks with Iran

Oil Drifts Lower as U.S. Signals Progress in Talks with Iran

Oil prices edged down in early Asian trading after U.S. officials signaled progress in negotiations with Iran. July West Texas Intermediate futures fell 0.3% to $98.88 a barrel by 19:50 ET (23:50 GMT), following a roughly 1% drop on Tuesday. Market moves were tempered by continued supply disruption through the Strait of Hormuz and a larger-than-exp…

U.S.-Saudi Civil Nuclear Accord Falls Short of Strongest Nonproliferation Safeguards, State Department Letter Says

U.S.-Saudi Civil Nuclear Accord Falls Short of Strongest Nonproliferation Safeguards, State Department Letter Says

The U.S. administration's proposed civil nuclear cooperation agreement with Saudi Arabia does not include the most stringent nonproliferation measures sought by Democratic lawmakers, according to a State Department letter. The draft requires a bilateral safeguards agreement rather than the broader U.N. International Atomic Energy Agency oversight s…

Citi Sees Brent Rising to $120 Near Term, Leaves Open $150 Bull Case

Citi Sees Brent Rising to $120 Near Term, Leaves Open $150 Bull Case

Citi projects Brent crude could reach $120 a barrel in the near term and lays out a bull-case of $150 if flows through the Strait of Hormuz begin to normalize in the third quarter. The bank also presents a central 2027 range of $80 to $90 per barrel, forecasts a 2026 contraction in oil demand growth of 0.6 million barrels per day, and expects globa…

U.S. LNG Feedgas Falls to 16-Week Low as Spring Maintenance Weighs on Flows

U.S. LNG Feedgas Falls to 16-Week Low as Spring Maintenance Weighs on Flows

Natural gas deliveries to nine principal U.S. liquefaction terminals are set to fall to the lowest level in 16 weeks, driven by scheduled spring maintenance and intermittent plant outages. Projected feedgas volumes decline to 15.1 billion cubic feet per day from 16.3 bcfd the previous day, with average May flows below April’s monthly record.