Commodities Analysis & Opinion

The price of copper dropped earlier today after China reported disappointing manufacturing PMI readings for February. China buys 40% of the global market supply, so it makes sense that traders would...

When President Trump tweeted on Monday that oil prices were getting too high, prices dropped more than 3% by midday.This was a small blip in what has actually been a very strong start for oil prices...

With the exception of wheat, U.S. grains markets are broadly in positive territory. That’s the good news.What is not so good are their daily moves—which, since the start of the year, have...

Copper has been quietly performing. Last week, it broke through its 200-day moving average, which is an important technical win; at least some of the buying this week would have been from those who...

Oil’s rally is unlikely to stop until U.S. crude reaches $60 per barrel and Brent $70. Most seem to agree on that. What is more difficult to gauge is: where will it go after that?There is also...

Natural gas bulls may have hope for $3 pricing after all.Natural Gas Daily Chart A late bout of February cold, initially dismissed by analysts, led to blowout consumption of gas for heating last week,...

I don’t want to dive deeply into the gold situation this week. Not much has changed since last week and so my outlook remains the same.That said, there’s one aspect of getting a trade deal...

Two proposed U.S. legislations are threatening to deprive Saudi Arabia and Russia of autonomy in their oil policy, just as the OPEC+ collaboration between the two countries brings crude back into a...

The EIA revised its 2019 global oil demand outlook downward this week. While the revision is slight—101.45 million bpd compared to 101.54 million bpd—it reflects growing concerns that a...

Venezuela hopes to create a trade bloc consisting of China, India and Russia to help the South American country settle oil payments in currencies other than the dollar, its oil minister said...

Oil Market HighlightsCrude Oil Price MovementsThe OPEC Reference Basket (ORB) rebounded in January, gaining more than 3%, or $1.80 month-on-month (m-o-m), to average $58.74/b. Crude oil prices...

The dollar has climbed 1.5% since Jan. 31. During the same period, gold dropped 0.85%.For half of those days, the precious metal was up, together with the U.S. currency. Considering that gold is...

It’s an audacious move few would attempt, but U.S. President Donald Trump is counting on Saudi Arabia’s help to fill any oil supply gap caused by his sanctions on Venezuela, while trying...

Gold was already making nice headway, rising from US$1,280 per oz. on Jan. 24 to get above US$1,300 by Jan. 30 and then Federal Reserve Chairman Jerome Powell poured fuel on the fire. The Fed left...