Analysis: Commodities

Commodities Overview: Backlash on industrial metals

Every week, the commodities overview gives you the opportunity to review the latest developments on the commodities markets, and to gain a better understanding of the price variations in energy,...

Morgan Stanley Sees Summer Recovery for Brent But Supply Peril Into 2025 -- OPIS

Commodity analysts at Morgan Stanley told clients Monday that they expect Brent crude prices to rise by close to $5/bbl this summer but warned that a trend toward tightening supply in the next three...

China's commodity imports are soft, even those that look strong: Russell

China's imports of major commodities were either openly weak in May, such as the decline in crude oil, or those showing apparent signs of strength were deceptive and largely driven by factors other...

Goldman expects summer demand to lift Brent crude to $86/bbl in Q3

A healthy growth in consumer spending and solid summer demand will push the oil market to a 1.3 million barrels per day deficit in the third quarter and lift benchmark Brent prices to $86 a barrel,...

China's commodity imports are soft, even those that look strong: Russell

China's imports of major commodities were either openly weak in May, such as the decline in crude oil, or those showing apparent signs of strength were deceptive and largely driven by factors other...

US manufacturers in halting recovery but diesel use tepid: Kemp

U.S. manufacturers are gradually emerging from a prolonged but shallow slowdown over the last two years, but progress has been fitful, and their consumption of diesel remains tepid, which is weighing...

US oil and gas production show signs of flattening: Kemp

U.S. oil and gas production are finally showing signs of flattening out as drilling rigs and well completion crews have been idled in response to the retreat in prices since the middle of 2022. ...

Copper markets assessed with a much-needed lens of objectivity

LATESTIn recent months, there has been a dash for copper and related miners. Th reasons for this euphoria range from better macros to renewed M&A activity. However, amid all this frenzy, there are...

Gold Price Set to Hit Fresh High in Second Half of Year, New Report Says

By Joe Hoppe Gold is likely to hit a new all-time high in the second half of the year, on supportive central bank demand, geopolitical concerns and investor fears of missing out, according to a...

Saudi says OPEC+ can pause or reverse oil output boost, criticizes Goldman Sachs

OPEC+ can pause or reverse oil production increases if the market weakens, the Saudi energy minister said on Thursday, adding he disagreed with the bearish view of U.S. bank Goldman Sachs of OPEC+'s...

Commodities Overview: Oil at a 4-month low

This week's focus is on black gold prices, which have recently plummeted to their early February level, following some surprising comments from OPEC+. Among other commodities, silver is struggling,...

OPEC+ switches strategy to defend market share: Kemp

Oil futures prices have fallen to the lowest level for four months and calendar spreads have slumped after OPEC+ ministers signalled their intention to start increasing production from the fourth...

OPEC+ switches strategy to defend market share: Kemp

Oil futures prices have fallen to the lowest level for four months and calendar spreads have slumped after OPEC+ ministers signalled their intention to start increasing production from the fourth...

Corn stays weak, wheat and soybeans steady after slide

Chicago corn futures edged lower on Tuesday to hold near a six-week low after a government report underscored a favourable start to the U.S. growing season. Soybeans inched higher to come off a...

Funds keep faith with copper even as squeeze fades: Andy Home

The vicious squeeze on the CME copper contract appears to have largely passed but fund managers are sticking with their bullish convictions on both U.S. and London markets. There has...

US oil futures draw renewed interest from hedge funds: Kemp

Portfolio investors purchased petroleum contracts for the first time in seven weeks as traders squared up short positions ahead of a meeting of OPEC ministers to decide production policy in the second...

Gold prices in neutral as investors seek more US data

Gold prices traded flat on Monday as investors awaited multiple U.S. economic reports this week for clues on health of the economy, after a recent inflation report suggested the Federal Reserve might...

OPEC+ bets the robust crude oil demand forecast is right: Russell

The OPEC+ decision to extend crude oil production cuts is an acknowledgment that demand growth is still uncertain, but also that the group remains hopeful its bullish scenario is correct. ...

Oil market torpor sends investors to other commodities: Kemp

Global petroleum markets have become calm again after massive disruptions caused by the coronavirus pandemic, Russias invasion of Ukraine, and the sanctions imposed in response by the United States...