Commodities News
Commodity market news including oil prices, gold, silver, natural gas, and agricultural futures. Track supply, demand, and geopolitical price drivers.
Oil Surges as Iran Nuclear Talks Collapse, Brent Hits $89.70
Brent crude surged 2.1% to $89.70 per barrel after Iran talks collapsed, while WTI rose 1.6% to $83.53. The breakdown revived geopolitical risk premiums.
Copper Prices Near Record Highs Amid Tariff-Driven Stockpile Imbalance
Copper prices remain near record highs as U.S. tariffs drive massive stockpiling on COMEX, while global supplies tighten. LME stocks hit lows, highlighting regional imbalances.
Gold Holds Above $4,600 as Treasury Buybacks Stir Debasement Bets
Gold remains above $4,600 as Treasury buybacks fuel dollar-debasement trades. Spot gold rose 0.4%, gold ETFs saw inflows, and mining stocks outperformed.
Oil Steadies as Hormuz Tanker Traffic Remains Severely Constrained
Oil prices rose on Thursday as tanker traffic through the Strait of Hormuz stayed 77% below pre-conflict levels, keeping Brent near $88 and WTI near $82.
Copper Hits Record $6.71 as Tariff-Driven Stockpiles Reach 675,185 Tons
COMEX copper surged to a record $6.7115/lb, while U.S. tariffs kept 675,185 tons in domestic warehouses, tightening global availability.
Gold Surges to Three-Month High as GLD Inflows Hit $1.2B Ahead of PCE Data
Gold hit a three-month high of $4,696.18 as GLD saw $1.2 billion in inflows, driven by falling Treasury yields. Investors now await the PCE inflation report for direction.
Oil Prices Slide as Iran Sanctions Ease Supply Concerns
Crude prices sank Tuesday as traders bet that eased Iran sanctions won't disrupt supply. WTI fell 3.1% to $82.36, Brent dropped 3.9% to $88.58.
Sugar Slips as India's Import Quota Cools Rally
ICE raw sugar slid 2.3% to 17.20 cents/lb as India's 1-million-ton import quota eased supply concerns, though Brazil's output cut limits downside.
Sugar Futures Retreat as India Blames Speculation for Rally
Sugar futures slid 1.56% to 17.34 cents/lb after India's sugar industry denied a supply crunch, attributing the recent rally to speculation.
Copper Rally Fuels $7.8B Surge in Freeport-McMoRan Market Value
Freeport-McMoRan (FCX) surged 7.64% to a record $76.66, adding $7.8B in market value as copper prices point to an $870M cash flow lift. Investors bet on prolonged supply tightness.
BP Stock Surges 5% on Oil Rally, But Valuation Leaves Little Room for Error
BP shares rose 5% last week as Brent crude climbed 6.39% to $94.39. Strong Q2 cash flow aided debt reduction, but the stock now trades near analyst targets, leaving limited upside.