Know What's Happening in Commodities
Know What's Happening in Commodities
OPEC+ agrees 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. The adjustment, led by Saudi Arabia and Russia, is intended to signal alliance cohesion despite output constraints from the ongoing conflict.
Also developing:
Exxon Mobil and Chevron jumped 3.6% and 3.5% respectively in after‑hours trading as WTI crude surged past $100 per barrel, boosting expectations for higher earnings and cash flow. Berkshire Hathaway fell 1.3% despite its Chevron stake, weighed down by a declining Apple position and pressure on its consumer‑facing businesses. The move highlights a sharp sector rotation, with pure‑play energy outpacing technology amid the oil‑price spike. Investors now debate whether the $100‑plus oil level is a lasting regime or a short‑term shock.
We discussed on the impact of the crisis on Asia and it is a big negative shock for the region as we are very oil and gas dependent & we are importers of that from the Middle East. Price higher =...
Brent is $106 and markets are in full panic mode. They were slow to price the de facto closure of the Strait of Hormuz, but at this point the Strait isn't going to get any more closed. If anything, it'll...
A review of CBOT wheat futures from 1990‑2022 shows that the price at seeding is a weak guide to harvest price, with an average swing of $42 per tonne in either direction. Harvest prices exceeded seeding prices in 20 of...
Compared to the last maximum disruption during the 1956-1957 Suez Crisis (as a percentage of total liquids demand), this represents the largest oil supply loss in history, by a factor of two. Worse, unlike in past crises, there's zero spare capacity...
This is actually looking like a great framework after oil hit $110 tonight… Aged pretty well for now. Can change in about ten minutes tho 😂
Oil prices have surged past the $100 per barrel mark, with West Texas Intermediate climbing above $108 and Brent exceeding $107, reflecting a 16‑18% rise since the start of the year. The jump is driven by escalating war risks in...
Middle East tensions spike oil past $100 and shake inflation forecasts. This week's CPI and PCE data could pack extra punch as rate cut hopes fade. 🟢 Open https://t.co/dcFgI6Pdro
*BRENT CRUDE OIL EXTENDS SURGE TO 25% ON MIDEAST WAR DISRUPTION In addition to rallying 25% today (Sunday night), May Brent Crude oil futures are up 56% since last Wednesday's low (March 4th). https://t.co/Afycm5leiS
Brent prompt futures opened above $108 per barrel on NYMEX, marking a notable price surge. The rally is driven by OPEC+ output cuts, lingering Middle East tensions, and a weakening dollar that favors commodities. Analysts warn the $108 level could...
US oil futures are now on track to rise +60% this month, marking their largest monthly gain in history. https://t.co/P4ciDNwr85
Oil spiking to $107 while gold falls. The dollar is strengthening as global markets panic. Both moves happening at once. 🔒 Members-Only https://t.co/Og6roiaoNd
Kuwait Petroleum Corporation announced it will begin throttling oil production as domestic storage fills, a precautionary step ahead of potential forced shutdowns. The move follows Iran’s recent attacks on vessels in the Strait of Hormuz, which have severely constrained tanker...
The longer the Straits are closed, the more we will see unexpected chokepoints emerge. Case in point: nickel refiners in Indonesia and copper miners in Africa might have to slow production for want of sulphur
If anyone asks — I am now an oil and geopolitics expert. In other news, check out the price of crude https://t.co/FDyPB506SG
After adding more than $40 a barrel in a little more than five trading sessions, the nominal record for West Texas Intermediate futures—$145.29, set on July 3, 2008—no longer seems out of reach @WSJmarkets https://t.co/rlxj1lnh5N
📈Speculative bullishness across U.S. grain/oilseed futures is at a three-year high, but funds haven't even begun to tap the potential that lies in corn. Does this mark the start of a run-up in corn? What could be the limiting factors? I covered...
People aren’t freaking out enough The situation is not under control Price of oil up 40 bucks in a week
Brent surged to a high of $110 at market open Monday. What next for oil? Speaking to Singapore's 938 Live Radio at 9.00 am SGT. https://t.co/xI65gMZvag
Taiwan's government will set a weekly cap on oil price increases to help contain domestic inflation, local media reports 🇹🇼🛢️ Fuel prices to be adjusted overall by ~5% this week The likelihood of freezing electricity tariffs in April is high https://t.co/tTWfUV2wiI https://t.co/LgRs7ClOH7
Yeeps: @Bob_McNally of @RapidanEnergy "Gulf War III has disrupted ~20% of global oil supply for nine days and counting – more than double the previous record set during the Suez Crisis of 1956-57, which disrupted just under 10%."
$105/bbl A few months ago many said this would never happen. Never bet against inflationary assets in an inflationary era. Deglobalization is structural no cyclical. Watch food prices next. In a world of extreme inequality, with a Fed that needs lower rates to keep...
If the front-month WTI crude oil future matches natural gas’s 100% gain in 2026 to its January peak, it would reach about $115 a barrel -- then what by the midterms? Gas has reversed all of those gains. Spiking crude can be...
May be starting to move in to a market of instead of buy grains and soy for an inflationary trade into sell grains and soy in a “risk off” everywhere type of trade. Gold and silver are sure not...
The national average of gasoline prices is up 45 cents since the war began last week, or a 15.12% increase. This is the second largest increase in the last two decades, depending on the measure you choose (dollar or percentage). All things...
The Strait of Hormuz is shut. So what's a catalyst for oil prices to fall and not rise as everyone's now saying? The most obvious thing would be the collapse of Iran's regime, the odds of which are rising every...
US Secretary of Energy Chris Wright: “… The oil is there […] You’re seeing a little bit of fear premium in the marketplace. But the world is not short of oil today or natural gas…” (Not sure this verbal massaging is...
[looks at Brent curve] Gary Gorton voice: "investors can earn a risk premium by buying distant commodity futures at a discount to spot"
According to @Polymarket, there is a 64% chance of average US gas prices surpassing $4.50/gallon this month. THE WINDS OF WAR = HIGHER GASOLINE PRICES = MORE AFFORDABILITY PROBLEMS FOR TRUMP. https://t.co/yN19wtznw8
The war’s not stopping because of some pain at the American pump. The implications for global fertilizer markets (ammonia, sulphur) are probably going to be as big of a deal as the energy disruptions in several months. Asian economies are in...
Oil futures over $100, which is going to shock folks — but I’m old enough to remember $140-150 peaks in the past (inflation adjusted) Only upside, is that folks will lean into EVs and solar if this lasts more than...
Asia supply of oil, gas & fertiliser is rather concentrated. We are seeing a massive supply shock to the most important input of modern life: food and transport.
Hey energy experts, what's the lag, in days, from a change in wholesale gasoline futures to retail (AAA average) prices? And what's a good rule of thumb on the spread/mutiple between the two? (Answer in DM's if you prefer.)
Behold, the global economy cracking. Brent crude approaching $110/bbl, up >$16 higher since Friday’s close. https://t.co/exH8mOBUXy
WTI crude has shot up as much as 21.7% immediately after the Asia session open. We are well above $100/barrel. #Oil #OilPrices #IranWar2026 https://t.co/vC2re37nrC
Oil prices opened about 20% higher in Asia on Monday. Brent crude near $110 now. Risk assets are in for a terrible session today https://t.co/iLDxgMZZxb
Join us today in an X Space for X Subscribers: 🚨Hormuz Chaos: Brent Blasts Past $110 — What's Next for Oil?🚨 Today, Sunday, March 8, 9:00 PM US EST, 8:00 PM US CST No link now. Will open the Space on time.
Oil prices surge another 13% to $100 a barrel, after the biggest weekly gain since 1993
The turmoil is already hitting Americans’ wallets. Regular gasoline across the U.S. costs 46 cents a gallon more than it did a week ago, according to AAA, while diesel has become 83 cents more expensive @WSJmarkets @DavidUberti https://t.co/QZd9ArOPkx
Hey @chigrl How common is it to see WTI>Brent and what does it signify please? “West Texas Intermediate surged as much as 15% to $104.61 a barrel at the open after last week adding a record 36%. Brent climbed above $102.” @business
Oil futures surge above $100 for the first time since 2022 🚨 🛢️ Brent contract jumps more than 10% as the conflict in the Middle East continues https://t.co/KgPOv96YdC
NQ drops 200 points on the open with a wide gap WTI above $100 for first time since 2022 24,000 will likley tested as sentiment sours over expanding conflict in Iran Prepare to hear doomsday all day long on talking head TV
Crude >$100 I’d say here we go, but honestly can’t believe we’re still going. https://t.co/14yKcmsMOq
WTI > $104 RBOB not up as much, but it crossed $3.. implying $3.95 at the pump in due time. https://t.co/yLhu2NxY1C
How the US-Israel-Iran War Impacts Oil, Gas, and US Stocks | Anas Alhajj... https://t.co/ZnJKFSYWCr via @YouTube
The low level of active US oil and gas rigs indicate a quick ramp in production is unlikely without sustained high oil prices and higher E&P company share prices. https://t.co/GDCcOHcEBE
📈New-crop CBOT corn & soybeans marked new annual highs on Friday, both surpassing the 2025 highs. But could even higher prices come beyond March? Dec corn hasn't set its annual high in March since 1999, soybeans haven't since 2004. https://t.co/gfh7zbFw5j
The volume of crude production that Iraq has *already* shut-in is larger than the peak of *feared* [but never realized] Russian supply loss in early 2022 that spiked crude prices above $120 per barrel.
BAGHDAD, March 8 (Reuters) - Iraqi oil production from its main southern oilfields has fallen by 70% to just 1.3 million barrels per day as the country is unable to export oil via the Strait of Hormuz due to...
This galaxy brain it’s-all-about-China’s-oil talking point drives me *insane* Only reason China was able to buy so much discounted crude from Ven/Irn/Ruz was because of US sanctions, largely imposed by the Trump admin(!), which scared off other buyers and left them...
