Know What's Happening in Commodities
Know What's Happening in Commodities
OPEC+ agrees to modest oil quota increase amid Middle East war
OPEC+ members agreed in principle to raise oil production quotas for May by roughly 206,000 barrels per day. Saudi Arabia and Russia led the video‑conference decision as the conflict in the Middle East constrains output and shipments. Delegates said the move signals alliance cohesion despite the geopolitical shock.
Also developing:
The outbreak of war involving Iran has triggered a sharp contraction in oil output and transit, pushing global energy prices up by over 15 percent. The surge in energy costs is reigniting inflation expectations worldwide, prompting traders to anticipate more aggressive central‑bank tightening. Higher rate forecasts are pressuring both equity markets and sovereign bond yields, as investors reassess risk and pricing. The combined uncertainty is driving heightened volatility across stocks and government debt.
I am glad that I have remained patient so far. If you had jumped the bandwagon on oil this morning, you would have been 20% down ish by now. I know the below is not a guarantee, but I stick...
Oil just did something it hasn’t done in 40 years. It’s now up +35% in a week. Up 90% since December’s low of $55/barrel. Now crossing $105+. This isn’t normal.
Ice gasoil futures swung wildly on 9 March, peaking at $1,381 /t before closing at $1,116 /t, the highest level since June 2022. The move mirrored a surge in Ice Brent crude, which touched $119.50 /bl and settled above $100 /bl – the first breach since...
Allied Critical Metals released a Preliminary Economic Assessment for its Borralha tungsten project in northern Portugal, estimating an after‑tax NPV of $706.4 million at a $1,500 per metric tonne WO₃ price and $91 million initial capital for an 11‑year mine life. CEO...
Polysilicon prices in China plunged last week, with the steepest drop of 12.87% for n‑type granular material. High inventory—reaching 480,000 tons—combined with weak demand from downstream solar‑cell and module producers drove the decline. February output fell 17.3% to 84,400 tons,...
My take on the effect that increasing oil prices have on inflation: "There is a lot of narrative being spun in the newspapers saying that oil price increases will cause inflation. No. It simply means that the price of oil will...
Gold slipped to about $5,015 an ounce on Monday, a 3% intraday drop, before regaining most of the loss, as a stronger U.S. dollar and inflation‑driven rate worries kept investors on the sidelines. Silver, by contrast, rose over 2% to...
Oil prices surged above $100 per barrel as the Iran‑US‑Israel conflict intensifies, leaving the Strait of Hormuz gridlocked. G7 finance ministers are meeting to discuss a coordinated release of strategic oil reserves, while the Federal Reserve and European Central Bank...
My chat with @SoumayaKeynes about oil on the @FT podcast. When we did this on Thursday, Brent was $83 and there was lots of humming and hawing if they can go higher. We discussed the shutdown of the Strait of...
The USDA’s February supply‑and‑demand report shows U.S. corn stocks at 2.16 billion bushels, near the top of the analyst range, while wheat and soybean inventories sit comfortably within forecasts. Global grain stockpiles remain tight, with world corn at 289 million metric tons...
The government sources say petrol and diesel prices are unlikely to increase as India currently has sufficient fuel stocks. Prices may only rise if crude oil crosses $130 per barrel. Officials expect crude to stay around $100 per barrel.
Oil prices surged past $100 a barrel after the Iran‑related conflict disrupted the Strait of Hormuz, sending crude to near $120 in a single day. In response, the UK’s AA and RAC urged motorists to skip non‑essential trips and adopt...
Copper prices have slipped below $13,000 per tonne as a stronger US dollar, rising energy costs and Middle‑East tensions dampen risk appetite. At the same time, visible inventories on the LME, SHFE and COMEX have surged by more than 500,000...
The U.S. Energy Information Administration reported that commercial crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 3.5 million barrels to 439.3 million barrels in the week ending Feb 27, still about 3% below the five‑year average. Total petroleum stocks rose 2.9 million...
G7 finance ministers said they will keep monitoring oil markets and stand ready to release strategic petroleum reserves if needed. Crude oil peaked at $119.48, fell to $96.24, and now trades near $100. The price is 16% lower than its...
Are electric vehicles denting oil demand? Yes. By how much? 1.5 million barrels of oil a day, according to EV Curve Futurist. Caveat: These estimates are hard, but the numbers are certainly adding up.
Natural gas futures surged past technical resistance, pushing the Henry Hub benchmark above $3 per MMBtu and breaching the $3.50 ceiling. The rally follows supply disruptions from the war in Iran, which have tightened global gas markets. Meanwhile, milder spring...
Pre‑market trading is under pressure as the Iran conflict pushes WTI and Brent crude above $100 a barrel, lifting oil prices 78% year‑to‑date. Major indices are slipping, with the Dow down 1.16%, the S&P 500 off 1.05% and the Nasdaq losing...
House Majority Whip Tom Emmer told CNBC that oil prices, which surged above $100 per barrel after Middle Eastern production cuts tied to the U.S.–Israel conflict with Iran, will "tumble" once the operation concludes. President Donald Trump echoed the short‑term...
Lower energy prices were keeping US inflation rates from rising. But that tailwind will turn into a headwind in March with prices spiking on a YoY basis. We could easily see CPI rise above 3% if Crude Oil stays above...
The oil market thinks Trump just TACO’d (I’m less convinced, but let’s see) A $30 price swing in a day, helped by expectations of a big strategic oil stock release. Such larks. Oil tumbles to $90 as Trump says Iran war...
Saudi Aramco has begun curbing output at two fields as the Strait of Hormuz bottleneck from the US‑Israeli war with Iran rattles global oil supplies. Meanwhile, Roche’s breast‑cancer drug giredestrant failed a late‑stage trial, sending its shares down more than...
The oil price isn't one of those things that spirals infinitely up. At current levels near $100, a big risk premium prices the temporary standstill of tankers in the Strait of Hormuz. You can bet Trump is working like crazy...
Oil closed Friday in a bull market at $91 but will close today in a technical bear market around $95 because it went to $115 over the weekend. https://t.co/kG1QReBbAy
"We survived you guys. Oil is in a bear market, down more than 20% from its highs." - @jschultzf3
Crude Oil Futures could be unchanged soon $93.66 after the high of $119.48 kinda like that day in Silver Futures
🌽$4.98-1/2 per bu 🫛$11.72-1/2 per bu Will Monday's highs be the annual highs for new-crop corn & soybeans in 2026? Dec corn nearly hit $5, though the close was almost 17 cents off the session high (Nov beans closed ~24 cents off)....
Insane moves no longer insane, Silver tame today.... Silver Futures +$5 from LOD E-Minis +132 from LOD
Surging oil prices have sparked fears that a prolonged conflict in the Middle East could inflict steep financial costs on Americans "I am very concerned this could tip us into a recession if it persists," one economist tells @nytimes https://t.co/VkqGBNMgAR @TonyRomm...
1/ At 3 AM this morning, oil hit $119.48. VIX touched 32. The S&P was in freefall. By noon: oil under $97. VIX back to 27. A complete round-trip. Wall Street learned nothing from it except: price in a long war forever. We...
Putin says Russia should take advantage of the sky-high oil prices after US-Israeli attacks on Iran. Russia should redirect supplies to Europe elsewhere, he adds. “If we shift our focus right now to the markets that need more supplies, we might...
MOSCOW, March 9 (Reuters) - Russian President Vladimir Putin said on Monday that the Iran war had triggered a global energy crisis and cautioned that oil production dependent on transport through the Strait of Hormuz could soon come to a...
And as the forecasted 2026 LNG supply glut disappeared, I couldn’t help but wonder… was I too one supply shock away from flipping into a deficit? https://t.co/gGw2ZO9NRr
Oil price futures, 2 years out: White: current blue: a week ago purple: 6 months ago Source: Bloomberg. https://t.co/IjF2clfIGe
Oil tankers transiting Strait of Hormuz ‘must be very careful,’ Iran foreign ministry warns: CNBC $USO $XLE
It could be interesting to see what this pattern in Crude Oil looks like at the week's end. $USO $XLE $TLT $GLD $SPY https://t.co/f4XJ3djY8Q
Do you still think it hasn't made the high for the year? The gap is about to be filled. So far it has been very similar to the 2022 top and if it keeps following the 2022 price path crude...
Copper down 4% in a week while oil rips 15%. That divergence is screaming one thing: this is a supply shock, not demand driven. When Dr. Copper disagrees with crude, listen to copper. https://t.co/BjBsMsjkwp
Now that is what I call a wick... Massive $19 dollar 'upper wick' on US crude oil... https://t.co/FyhlHK9e78
Lots to chat about this morning with oil surging and vol spiking 🛢️📈 MRKT Call is LIVE at 11 am ET with Dan & @CarterBWorth 📺 WATCH: https://t.co/6sahpHh8D9 https://t.co/mAD77jkCZv
Don’t Predict Oil Prices, Prepare for Them - https://t.co/MNGa0kJy3v #oilprices #peakoil #supplychain #logistics #riskmanagement #decisionscience
Email from my home heating oil company: "This recent price run up is the biggest and most dramatic I have ever seen. Our heating oil suppliers have raised the prices they are charging us by more than $1.50 per gallon since...
1/5 A 10% increase in energy prices that persists for a year would push global inflation up by 40 basis points and slow economic growth by 0.1-0.2%, International Monetary Fund Managing Director Kristalina Georgieva said. So, what price measures "persists for a...
People recoil at the idea of using the SPR just to damp prices. But now that the US has plenty of domestic oil, what other purposes would it serve? What other conditions would be an appropriate time to use it?
LONDON, March 9 (Reuters) - Oil prices surged to more than $119 a barrel on Monday, hitting levels not seen since mid-2022, as some major producers cut supplies and fears of prolonged shipping disruption gripped the market due to the...
March 9 (Reuters) - Saudi oil giant Aramco https://t.co/YZZv8YNZz9 has begun cutting output at two of its oilfields, two sources said on Monday, after the vital Strait of Hormuz was choked by the U.S.-Israeli war on Iran and subsequent attacks...
G7 countries looking at releasing oil reserves. Maybe 400 million barrels. How much impact will this have? What if the Iran war continues, and reserves are drawn down?
Oil Prices Hit Highest Since 2022 at More Than $119 a Barrel on Iran War. Price keeps rising. Logistics and supply chain risk keeps rising. https://t.co/OKkcOWm7OV
Compared to the 2022 Russia-Ukraine invasion, this Iran war has produced 2x the move in oil, but only 1/2 the move in DXY. This is exactly what I'm talking about playing out - the dollar is structurally challenged. https://t.co/H1VIqKNbr7
