Today's Commodities Pulse
Lower‑48 gas producers expand output despite storage surplus
U.S. lower‑48 natural‑gas operators are adding production capacity even though storage inventories remain in surplus, according to NGI. At the same time, spot prices are climbing as summer temperatures rise and LNG demand increases.
Also developing:
By the numbers: M Battery Materials acquires graphite assets for $20M
Oklo Shares Jump 6% After DOE Picks Firm for Surplus Plutonium Fuel Program
Oklo Inc. shares climbed 6.33% to $70.05 after the U.S. Department of Energy selected the company for advanced negotiations under its Surplus Plutonium Utilization Program. The move supports Oklo’s strategy to secure domestic fuel sources for advanced reactors and could reshape demand for plutonium and uranium commodities.
Aluminum Prices Surge 17% as Middle East Smelter Outages Hit Global Supply
London metal traders report a 17% jump in aluminum prices to $3,673 a ton, spurred by smelter outages in the Middle East, a Hormuz chokepoint blockade, and new production cuts in China and Guinea. The spike threatens downstream manufacturers from...
Oil Prices Drop as US‑Iran Negotiations Spur Hopes for Conflict De‑escalation
Brent crude fell 3.6% to $93.22 a barrel and U.S. WTI slid 4.4% to $89.78 as new U.S. attacks on Iranian missile sites coincided with renewed diplomatic talks. Traders see the price plunge as a market bet that Washington and...
Enlight Renewable Energy Jumps 11% After Securing 15‑Year Google Solar PPA
Enlight Renewable Energy Ltd. (ENLT) saw its Nasdaq‑listed shares climb 11.38% to $102.75 after its U.S. subsidiary, Clenera Holdings, signed a 15‑year fixed‑price power purchase agreement with Google for 200 MWac of solar output from the Solstice project in Oklahoma. The...
Market Sees Oil Under $70 Until 2032
Not CNN interpreting backwardation as the market predicting oil doesn't get to 70 until 2032 https://t.co/RasuRTooqd
Bitcoin Steadies Near $77,000 as US‑Iran Talks Ease Market Tension
Bitcoin hovered near $77,300 on Monday after diplomatic talks between the United States and Iran eased geopolitical risk. The modest rise of less than 1% helped stabilize the cryptocurrency market, which has been tracking broader commodity sentiment amid falling oil...
Silver Is the Next AI Trade to Explode Higher, Says Veteran Investor Peter Krauth
Veteran investor Peter Krauth argues that silver, not gold, is poised to become the premier trade linked to the AI boom. In a Trading Trends interview he outlines how the metal’s dual role as an industrial input and a monetary...
Farmers Feel Squeeze From Higher Fuel Costs, Fertilizer Shortages
U.S. farmers and food companies are grappling with higher fuel and fertilizer costs and supply disruptions tied to geopolitical risks such as tensions around the Strait of Hormuz, which have driven up commodity prices ahead of actual product shortages. Consumers...
Steve Grasso: Fed Opening Doors to Rate Cuts Will Bring Gold Higher but May Take Time
Gold’s rally depends on Federal Reserve action, not just inflation or geopolitics, says Steve Grasso; if the Fed signals an opening to rate cuts and real yields move lower, gold should run higher, but the process could take time. Today’s...
Spring Wheat and Canola Find Support as Markets Search for News
After a quiet post-holiday session, spring wheat and canola found support while soybeans and corn softened, with funds still holding large net long positions. Market participants cited warming weather across the Dakotas that accelerated planting and emergence, easing some near-term...
Could Russia Save the Global Economy? | Business Beyond
The video examines a leaked 28‑point US‑Russia peace blueprint that envisions lifting sanctions on Moscow and forging a long‑term economic cooperation covering energy, AI, rare‑earths and other sectors. Proponents tout a $12 trillion upside, arguing that re‑integrating Russia could be a...
Gary Savage: Why Silver Will Outperform The Miners | Gold, Miners & Oil
Analyst Gary Savage says precious metals likely bottomed in March and silver is entering an advancing intermediate cycle, making higher highs and higher lows that should allow it to outperform the miners, which he expects to diverge. He warned that...
Iran Deal Hopes Fade as US Strikes Temper Risk Appetite; Oil Rebounds, Stocks Mixed
The Business Times market focus highlighted that optimism for a near‑term US‑Iran peace deal evaporated after US forces carried out defensive strikes in southern Iran, curbing risk appetite while pushing oil higher. Brent crude surged more than 2% in Asian trade,...
Iran War Impact to Hit Household Energy Bills for the First Time
The UK energy regulator Ofgem will raise the domestic price cap by about 13% in July, pushing the typical household bill to £1,850 (≈$2,350) a year. The increase reflects a 25% jump in global gas prices after the Iran‑Israel conflict...
Natural Gas Spot Prices Cook With Summer Temperatures and LNG Demand Poised to Rise
Natural gas spot prices surged on Tuesday, with the prompt‑month contract reaching $2.97 per MMBtu before settling at $2.955, up 4.8 cents. The rally was driven by forecasts of an early‑summer heat wave and expectations of stronger LNG export demand....
A Searing Asian Summer Will Add to Risk of Surging Gas Prices
The prolonged closure of the Strait of Hormuz has removed roughly one‑fifth of global LNG supply, keeping prices elevated but not yet at crisis levels. A hotter‑than‑normal Asian summer, amplified by an emerging El Niño, is expected to drive a rebound...
Piper Sandler Says Strait of Hormuz to Remain Closed for Months and Oil to Hit New Highs
Piper Sandler warned that the Strait of Hormuz will likely stay largely closed for months, curbing commercial traffic to well below pre‑crisis levels. The bank predicts the bottleneck will push West Texas Intermediate crude toward new yearly highs, potentially exceeding...
REX Restricts Flows, Lifting Prices in Curveball to Natural Gas Buyers
On May 19, Rockies Express (REX) pipeline announced a force majeure after an incident at its Hamilton Compressor Station, tightening east‑west flows and pushing the Zone 3 delivered price up 20.5 cents to $2.695 per MMBtu. The outage cut segment 380 capacity by...
Global Oil Price Rises After U.S. Strikes in Iran Cloud Peace Deal
Oil prices jumped on Tuesday after the United States announced strikes on Iranian missile launch sites, casting doubt on a pending peace deal. The attacks followed Israel’s warning that it would intensify its campaign against Hezbollah in Lebanon. Tehran insists...
'Availability of Cucumbers Was Occasionally Tight'
German cucumber markets in week 20 of 2026 were dominated by domestic production, which held 44% of the volume, while Dutch and Belgian imports together accounted for roughly 58% of the remaining supply. Weather‑related crop shortfalls forced traders to reserve...
Oil Price Rises Back Above $100 a Barrel as Energy Market May Be Past ‘Point of No Return’
Oil prices jumped back above $100 a barrel on Tuesday after fresh U.S. strikes on Iran intensified geopolitical risk. The attacks, combined with the ongoing blockade of the Strait of Hormuz, have cut roughly 14.4 million barrels per day from Gulf...
Morning News: May 26, 2026
U.S. airstrikes against Iranian targets sparked a sharp rise in global crude prices, pushing Brent to roughly $84 a barrel and WTI to about $80, the highest levels in six weeks. The attacks also complicated ongoing diplomatic talks aimed at...