Analysis: Commodities

Shutdown of a Saudi pipeline threatens 4% of global oil supply

Saudi Arabia is said to have only five to seven days of inventories left at Yanbu to sustain exports. Without a quick restart of the East-West pipeline, up to 4% of global supply could disappear in...

Copper keeps setting records amid supply tensions

The 3-month London Metal Exchange contract hit a new all-time high this week at $14,728 a ton, while US futures also set a high of $6.89 a pound on Wednesday.

Vanguard: "Economies' sensitivity to energy shocks varies"

Yesterday, during a press lunch hosted at Vanguard's offices in Paris, Alès Koutny, portfolio manager and head of international rates, shared with marketscreener.com his analysis of the global...

Oil hits $100 a barrel again

Brent oil regained the symbolic $100-a-barrel mark on Wednesday morning, briefly rising to $100.13. The continuing military escalation in the Middle East is reshaping the global supply risk map.

BofA Raises Its Oil Price Forecasts for Late 2026 and 2027

Bank of America has raised its oil price forecasts to reflect the continued disruptions affecting shipping in the Strait of Hormuz.

Oil regains altitude, European gas follows

The week has begun under the weight of a fresh escalation in the Strait of Hormuz, reviving fears of a prolonged disruption to Middle East oil flows. Precious metals and copper stayed on the...

Aluminum rides a deficit market

As commodities were jolted by the return of macroeconomic doubts tied to rising bond yields, aluminum stood out with notable resilience, underpinned by supply fundamentals that remain structurally...

Diesel: why are prices surging while oil stays contained?

Diesel prices have tightened sharply in recent weeks even as crude oil remains relatively contained, a divergence that may seem counterintuitive but is largely explained by far greater strain on...

Copper: eight straight weeks of gains fueled by tight LME inventories

Copper is on track to wrap up an eighth consecutive week of gains, driven by heavy warehouse withdrawals at the London Metal Exchange that are stoking fears about the availability of physical metal....

Wheat surges amid Black Sea crisis

Wheat is dominating commodities headlines this week, lifted by a combination of geopolitical tensions along export routes and mixed signals on the supply side.

Gold tops $4,600 an ounce

The past few days have been dominated by rising geopolitical tensions around Iran. Precious metals have resisted well in this climate of uncertainty.

Gold climbs back to $4,500 an ounce, highest level since early June

The yellow metal is still rising, supported by a weaker dollar and debt buybacks announced by the US Treasury. Investors are now watching the Federal Reserve, whose next decisions will be decisive for...

Strait of Hormuz: how the United States is moving millions of barrels past Iran

The US military is organizing nightly tanker transits through a channel off Oman, Axios reports. Nearly 10 million barrels are now believed to move through each day, albeit about half the volumes...

Washington moves toward a sale of offshore mining leases near the Northern Mariana Islands

The United States is preparing a possible sale of leases for mining critical minerals in federal waters off the Northern Mariana Islands. The plan, which is still subject to several regulatory steps,...

Geopolitical tensions and the oil market: the IEA's take on supply and demand

In its monthly oil market report published on Wednesday, the International Energy Agency said global oil demand is expected to fall by 1.6 mb/d in 2026, 510 kb/d more than forecast last month. The...

Oil surges: supply under pressure on every front

Crude extended its rally, driven by a buildup of supply shocks hitting multiple producing regions at the same time. Precious metals are moving higher as well.

Gold regains momentum as the Fed is seen as less aggressive

Gold has regained some shine over the past few sessions, with US futures climbing from around $4,000 an ounce to nearly $4,500. Talks about a possible agreement between the United States and Iran may...

Oil rebounds, but uncertainty remains about reopening Strait of Hormuz

Crude oil prices rose on Monday as the terms for the reopening of the Strait of Hormuz are still to be defined. Tehran says a deal with Oman is close, although it maintains several demands on...

Global food prices: mixed monthly gain in the FAO index

The FAO Food Price Index averaged 131.1 points in July 2026, up 0.7 point from the previous month. Increases in the cereals, sugar and vegetable oil price indices were partly offset by declines for...