Analysis: Commodities

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...

Wheat eases after rally as weather watched

Chicago wheat futures edged down on Wednesday, consolidating below a 10-month high as investors waited to see if forecast rain could stem a decline in harvest prospects in the biggest exporter...

Morgan Stanley Says Refining Margins Will Recover in Coming Months -- OPIS

Morgan Stanley told clients Thursday that the weakness in refining margins is temporary and predicted widening margins in coming months. The bank said that May crude processing levels have been...

Commodities Overview: Wheat makes a strong comeback

Every week, the commodities overview gives you the opportunity to review the latest news on the commodities markets, to better understand the variations in energy, metal and agricultural commodity...

Goldman Sachs Raises Oil Demand Forecast; Sees Peak at Least a Decade Away -- OPIS

Analysts at Goldman Sachs raised their global oil demand forecast and said peak petroleum demand is at least a decade away in a report released Sunday. The analysis isn't as bullish as the path...

Iron ore prices lack conviction despite China stimulus moves: Russell

The balance of risks for iron ore prices are tilted to the downside despite top buyer China's most recent steps to boost its struggling property sector. A series of stimulus measures...

Iron ore prices lack conviction despite China stimulus moves: Russell

The balance of risks for iron ore prices are tilted to the downside despite top buyer China's most recent steps to boost its struggling property sector. A series of stimulus measures...

EU crop monitor trims wheat, rapeseed yield outlook on mixed weather

The European Union crop monitoring service on Monday trimmed its outlook for this year's EU soft wheat and rapeseed yields while upping its forecasts for barley and maize as good prospects in Spain...

Rising stocks strike a dissonant note in tin's bull party: Andy Home

Copper may have grabbed the headlines this week by making a record nominal high, but tin remains the strongest year-to-date base metals performer. London Metal Exchange three-month tin...