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
European wheat futures slipped, reversing prior gains, after oil prices dropped to a three-week low and traders reevaluated the potential for Black Sea export disruptions. The December contract on Euronext settled down 1.6% at €283.50 per metric ton as market participants awaited results from an Algerian wheat tender.
The London Bullion Market Association has temporarily suspended Shandong Gold Smelting Co. Ltd from its Gold and Silver Good Delivery Lists after the refiner was placed on the U.S. Uyghur Forced Labor Prevention Act (UFLPA) Entity List. The LBMA has opened an incident review process and described the suspension as an interim step while it consults …
Chicago Board of Trade soybean futures fell by 11 to 14 cents per bushel amid trader expectations for better rainfall across the U.S. Midwest. Crop condition ratings were unchanged after a sharp decline the prior week and are at their weakest level for this point in the growing season in three years. Export demand, including a sale of 132,000 metri…
A senior Iranian official involved in negotiations said Iran is proposing temporary arrangements that would give it control over inbound shipping through the Strait of Hormuz while granting Oman a role in clearing outbound vessels after notifying Iran. The proposal marks a shift from Tehran's earlier demand for full two-way control, but disputes ov…
Wheat futures on the Chicago Board of Trade are forecast to open 7 to 9 cents lower per bushel when trading resumes Tuesday morning, pressured by renewed concerns that the conflict between Russia and Ukraine could further disrupt Black Sea grain shipments. A recent drone strike on a Turkish-owned vessel near Novorossiysk and a small improvement in …
London Gas Oil has experienced a sharp reversal from its $1,328 peak, with the most recent 4-hour close at $1,158.24, trading well under the 20-period SMA and breaching the 38.2% Fibonacci support at $1,146. Technical indicators point to bearish momentum but also flag a heightened risk of an oversold bounce as the price dipped below the lower Bolli…
Oil futures recovered modestly in Asian trade after tumbling nearly 5% the previous session. Markets are balancing President Trump's comments that talks with Iran are under way and Tehran's denial of negotiations, while U.S. crude export volumes declined to an eight-month low in July amid greater Middle Eastern supply following a temporary June cea…
U.S. crude oil exports dropped to 3.66 million barrels per day in July, the lowest monthly level in eight months, as a brief June agreement between the United States and Iran allowed Middle Eastern barrels back into world markets and reduced foreign demand for American crude. Shifts in regional flows, high refinery utilization at home and changes i…
Venezuelan crude shipments fell to 856,000 barrels per day in July, a 25% decline from June and the lowest monthly export level in five months, driven largely by a halving of deliveries to India after a pause in the Iran conflict freed up Middle Eastern supplies. The United States and India remained the top buyers in July, while China has not purch…
Nigeria’s state oil firm has floated two large September-loading cargoes while West African crude price differentials remained steady. Market participants reported lingering August cargo availability and cautious trading as geopolitical tensions in the Strait of Hormuz and the Red Sea weigh on activity. Indian refiners have stepped up purchases of …
President Donald Trump criticized major oil companies in a Truth Social post, calling on them to lower gasoline prices for U.S. consumers. He directly addressed Chevron CEO Mike Wirth over comments made in a television interview, saying his administration opened opportunities for oil companies - including a return to Venezuela - and urging immediat…
European wholesale natural gas prices eased on Monday after an announcement of direct talks between U.S. and Iranian officials prompted traders to pare geopolitical risk premiums. The retreat was capped by concerns over below-average European storage levels and strong summer demand that have already tightened supply balances ahead of the winter hea…
Silver is trading in a compressed $2.50 range on the 5-hour chart, with price near $58.28 and momentum indicators signaling indecision. A decisive break below $57.00 or above $59.50, confirmed by volume and momentum, would likely define the next trend. Until such a breakout occurs, market participants face a low-conviction environment and should co…
Gold is trading in a confined range on the 5-hour chart, with the current price of $4,117.82 wedged between the 50-period moving average at $4,081.79 and the 200-period simple moving average at $4,131.51. Market structure points to consolidation rather than directional conviction, and a decisive close beyond $4,135 or under $4,080 is likely needed …
Gold climbed Monday after a sudden fall in oil prices and comments that a planned strike on Iran was delayed. The move reduced concerns that higher energy costs would sustain elevated inflation and force additional interest-rate increases. Even so, recent dissents from Federal Reserve officials and a busy U.S. labor-data calendar kept investors vig…
Global oil benchmarks fell sharply and equities showed mixed moves on Monday as renewed prospect of talks with Iran eased geopolitical risk, while the Japanese yen rallied after Washington and Tokyo confirmed joint intervention to support the currency. Brent crude dropped to $82.41 as sentiment shifted on comments about negotiations with Iran, and …
Oil prices dropped almost 5% in Asian trade, hitting their lowest level in three weeks after President Donald Trump called off a planned attack on Iran and said negotiations would resume. The fall was reinforced by OPEC+'s decision to raise production quotas, as recent regional attacks had previously pushed Brent above $90 a barrel.
OPEC+ is expected to approve a modest production quota rise of about 188,000 barrels per day from September, according to sources, after which the coalition will pause further monthly increases while it finalises capacity reviews and navigates potentially difficult quota negotiations.The step completes a phased reversal of a 1.65 million bpd cut ag…
Iran has issued stern warnings that it would respond decisively to any new U.S. military action, and Iranian-affiliated media has threatened strikes on Gulf oil and gas fields in the event of attacks on Iranian energy infrastructure. The statements follow reports of hostile drones and maritime incidents that have already affected regional security …
Tether added 14 tons of gold to its reserve holdings in the three months ending June, increasing its total to 146 tons valued at $18.8 billion, according to the company's quarterly attestation. The buying pace accelerated versus the first quarter and follows larger purchases in late 2025. The firm, issuer of USDT stablecoin, reported about $1.5 bil…
Mauricio Claver-Carone, a Miami-based businessman who has served as an influential but unofficial adviser shaping U.S. policy and commercial deals in Venezuela, has told U.S. officials he is no longer overseeing the portfolio. While he described his exit as voluntary, multiple sources say he was forced out in recent weeks. During his time in the ro…
U.S. President Donald Trump announced what he called a breakthrough roadmap for ending the Gaza war, but the plan faces immediate obstacles because the main parties disagree on sequencing. Hamas demands Israel first implement commitments tied to last year's Sharm el-Sheikh ceasefire, while Israel insists Hamas must undergo what it terms genuine dis…
On Friday the U.S. government released a final environmental impact statement outlining a proposed 10-year framework to manage Colorado River operations through 2036. The plan limits annual releases from Lake Powell, provides a range of 5 million to 12 million acre-feet, and anticipates shortages for Lower Basin states, while preserving space for i…
Oil futures rose after Iranian authorities reported stopping two vessels attempting to leave the Strait of Hormuz and turning four others back, reinforcing market anxieties about energy flows after a recent drone strike on ships at an Egyptian Mediterranean port. Shipping data shows some vessels continued to pass through the strait, while diversion…
BCA Research told clients that gold's recent decline is showing signs of exhaustion and that the tactical obstacles to higher prices are diminishing. The firm highlights real interest rates and the U.S. dollar as the primary drivers of gold, says central bank buying now offers a price floor, and recommends a long position as the worst of the pullba…
