Commodities
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Bitcoin slips below $63,000 as WTI crude tops $82 and bond yields rise
The price of Bitcoin has fallen below $63,000. This comes as WTI crude oil climbs above $82 a barrel, adding to inflation pressure and weighing on risk assets, including cryptocurrencies, as bond yiel
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Russia's largest Baltic port, Ust-Luga, caught fire after a drone attack.
Russia's largest Baltic Sea port, Ust-Luga, caught fire after a drone attack during the night. The port is a key gateway for Russian energy and commodity exports, and the attack comes as Ukraine inten
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Super tankers are turning off their positioning systems for longer periods to transport oil out of the Middle East.
Super tankers are turning off their positioning systems for longer periods to transport oil out of the Middle East.
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Societe Generale: Copper price spread now gauges US tariff risk, implying 14.6% chance of 15% tariff by Jan 2027
Societe Generale analysts note that the widening price spread between U.S. COMEX and London Metal Exchange (LME) copper futures has become a real-time indicator of potential U.S. tariffs. Their model
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Kumba Iron Ore, a subsidiary of Anglo American, has reached a one-year iron ore supply agreement with China Mineral Resources Group, effective from April 1st of this year to March 31st, 2027.
Kumba Iron Ore, a subsidiary of Anglo American, has reached a one-year iron ore supply agreement with China Mineral Resources Group, effective from April 1st of this year to March 31st, 2027.
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Oil Slick from Tanker Carrying Sanctioned Russian Crude Reaches Oman's Coastline
An oil slick from the tanker Caroline Bezengi has reached Oman's coastline, weeks after the vessel ran aground near a marine reserve. The tanker was carrying an estimated 800,000 barrels of sanctioned
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US Treasury Secretary Bessent: The United States will implement "unprecedented economic measures" against Iran, combining economic isolation and a continued blockade of the Strait of Hormuz.
U.S. Treasury Secretary Scott Bessent stated that these measures would be a combination of "economic isolation unseen before in the world" and "a continuous blockade of the Strait of Hormuz," aimed at
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China's National Bureau of Statistics: Market price monitoring of important means of production in the circulation sector in early August showed that prices of 12 products rose, 31 fell, and 7 remained unchanged.
China's National Bureau of Statistics: Market price monitoring of important means of production in the circulation sector in early August showed that prices of 12 products rose, 31 fell, and 7 remaine
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Norwegian Foreign Minister: US war on Iran "not smart", failed to achieve goals and strengthened Tehran hardliners
Norwegian Foreign Minister Espen Barth Eide stated that the U.S. war against Iran was "not smart," failed to achieve its initial goals, and strengthened hardliners in Tehran. He called for the restora
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UAE accuses Iran of attacking two ADNOC vessels in Strait of Hormuz, calls it 'piracy' and threat to global energy security
The UAE Ministry of Foreign Affairs stated that two vessels affiliated with the Abu Dhabi National Oil Company (ADNOC) were attacked on Thursday evening while transiting the Strait of Hormuz. No injur
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BP granted offshore license in Venezuela, joining big oil's return to post-Maduro Venezuela
BP granted offshore license in Venezuela, joining big oil's return to post-Maduro Venezuela
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Israeli airstrike on Gaza City kills Jamal Abu Kamil, head of Gaza City police.
Gaza's Interior Ministry said Colonel Jamal Abu Kamel, 43, was killed on Thursday when his vehicle was hit by three missiles from a drone on al-Rashid Street in southwestern Gaza City, with two others
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Middle Eastern Oil Shipments Arrive at US Ports, Easing Supply Pressure
Middle Eastern Oil Shipments Arrive at US Ports, Easing Supply Pressure
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Oil prices stalled recently, as progress on a deal to end the Iran war was limited, with traders focusing on oil flows through the Strait of Hormuz.
Oil prices stalled recently, as progress on a deal to end the Iran war was limited, with traders focusing on oil flows through the Strait of Hormuz.
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Valero Energy (VLO) stock continues to hit new highs and has been added to Investor's Business Daily's Big Cap 20 index.
Valero Energy (VLO) stock has been hitting new highs recently and was added to the Investor's Business Daily Big Cap 20 leading large-cap growth stocks index. Analysis suggests traders could consider
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India Urea Offers Decline 12% as War Supply Squeeze Eases
India, one of the world’s biggest urea importers, received offers for the soil nutrient that were 12% below the June purchase price, signaling that the war-driven tightness in the global fertilizer ma
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The U.S. military lost at least 45 MQ-9 Reaper drones in the Iran war, accounting for 25% of its pre-war fleet, with losses potentially exceeding $1.3 billion. The Pentagon is seeking $67 billion to replenish its arsenal.
The U.S. military lost at least 45 MQ-9 Reaper drones in the Iran war, accounting for 25% of its pre-war fleet, with losses potentially exceeding $1.3 billion. The Pentagon is seeking $67 billion to r
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CME Group to Launch AI NVIDIA Futures on October 5, Tracking Monthly Rental Prices of NVIDIA H100 and B200 Chips
CME Group (CME Group Inc.) stated that the move aims to transform hashrate into a "standardized, tradable commodity," providing AI labs, hyperscale operators, and data centers with a tool to hedge aga
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U.S. preparing to deploy USS George Washington aircraft carrier to Middle East, replacing USS Abraham Lincoln after over 250 days of deployment supporting operations against Iran
The USS Abraham Lincoln spent over 250 days deployed, including a record 200 days without a port call, while supporting U.S. operations against Iran. Lawmakers have raised concerns regarding reported
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US sends new aircraft carrier to Middle East over Iran war tensions
US sends new aircraft carrier to Middle East over Iran war tensions
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Diesel cracks rise above $98.00, an all-time high, after reports say Yemen's Houthis attacked Aramco refinery in Saudi Arabia
Diesel cracks rise above $98.00, an all-time high, after reports say Yemen's Houthis attacked Aramco refinery in Saudi Arabia
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U.S. Defense Secretary Hegseth: U.S. Can Hold Blockade on Iran as Long as Needed
U.S. Defense Secretary Hegseth: U.S. Can Hold Blockade on Iran as Long as Needed
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Elon Musk's SpaceX is turning to natural gas to power its AI, planning to build a gas-fired power plant at its $16.8 billion chip factory in Texas, with data center capacity expected to reach 10-15 GW by 2027.
Elon Musk's SpaceX is increasingly adopting natural gas to meet its massive AI power demands. The company plans to build a gas-fired power plant for its $16.8 billion chip factory in Texas, and its da
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Iranian media: Another oil spill in the Strait of Hormuz has affected Iran's Qeshm Island coastline and mangrove forests.
Iranian media reported on Wednesday another oil spill in the Strait of Hormuz, which has affected the coastline of Iran's Qeshm Island and an environmentally sensitive mangrove forest. A spokesperson
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Oil declines in early Asian trade, with WTI down 0.5% at $99.76 and Brent 0.3% lower at $103.54, as concerns over extended supply disruptions from Saudi Arabia ease.
ANZ Research analysts noted that initial concerns over extended disruptions to pipeline flows from Saudi Arabia are easing. Saudi Arabia expects its East-West pipeline to return to about half its capa
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U.S. retail diesel prices have surpassed $6.50 per gallon for the first time, as the war exacerbates global fuel supply tightness.
U.S. retail diesel prices have surpassed $6.50 per gallon for the first time, extending a war-driven rally that is having ripple effects across the economy.
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Ukrainian attacks on Moscow oil refineries escalate the Russia-Ukraine conflict, driving global diesel futures and U.S. retail diesel prices to all-time highs.
Ukraine's Armed Forces General Staff reported that in the early hours of September 20, Ukrainian forces struck Russia's Moscow oil refinery, severely damaging the AVT-6 primary refining unit and other
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Black Sea shipping turmoil impacts wheat market, exacerbating inflation risks
The conflict between Russia and Ukraine has disrupted crucial grain shipments in the Black Sea region, forcing buyers to scramble for alternative supplies and further amplifying global inflation risks
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Trump's 50% tariff on Canadian dairy products has led to stalled sales in the U.S., leaving Canadian dairy farmers with a milk surplus.
Canadian dairy exports to the United States have largely ceased since US President Donald Trump imposed a 50% tariff on C$20 billion worth of Canadian goods, including dairy products, on August 22. Ca
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The U.S. State Department urges citizens to reconsider travel to the Middle East, and the Iranian Parliament Speaker reiterates that the Strait of Hormuz will remain closed.
The U.S. State Department issued a warning Saturday night, urging American citizens to reconsider travel to the Middle East, citing the potential for rapid escalation of the conflict with Iran. This f
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US Retailers Restrict Motor Oil Supply, Prices Soar Fourfold
A U.S. retailer has begun limiting sales of automotive engine oil due to supply shortages, leading to a fourfold price increase.
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Houthis attack Saudi capital and Aramco facilities, US warns of "rapid escalation" of conflict, Saudi Arabia urgently seeks aid from multiple countries.
On September 19, Yemen's Houthi rebels launched a new round of missile and drone attacks targeting "sensitive sites" in the Saudi capital Riyadh and Saudi Aramco facilities in Yanbu. U.S. embassies in
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NVIDIA VP: AI Era Reshapes Hardware Cost Reduction Logic, Chip Evaluation Shifts to "Total Tokens Throughput Per Megawatt"
NVIDIA Vice President Ian Buck stated that in the era of AI factories, the most effective way to reduce token costs is to deliver significantly improved computing performance (10 to 30 times) with eac
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NVIDIA VP: Agentic AI to Boost Computing Power Demand 100-fold, Altering Traditional Scheduling Models
NVIDIA VP Ian Buck stated that the shift from Chat mode to Agentic AI removes the human-in-the-loop buffer, allowing hashrate to operate at seamless, high-frequency full load. In AgentX benchmarks, th
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Hong Kong to expand renminbi-denominated bond, gold and commodity markets, says Financial Secretary Paul Chan
Financial Secretary Paul Chan stated on Sunday that Hong Kong would expand its renminbi-denominated bond market and develop renminbi-denominated gold and commodity markets. This initiative aims to str
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The Strait of Hormuz cargo trade has vanished, forcing businesses to find alternative routes
The Strait of Hormuz, once a transit hub for goods ranging from helium to corn, has seen its cargo trade disappear, prompting businesses to seek alternative shipping routes.
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Global oil shipping costs have surged to historic highs, with supertankers earning over $1.2 million per day. A South Korean shipping magnate is making a massive bet, investing $7 billion, and is set to profit handsomely.
The global supertanker market is experiencing unprecedented supply-demand tightness, with soaring freight rates rendering some long-haul crude oil trades economically unviable and profoundly altering
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Venezuela and TotalEnergies Sign MOU, Paving Way for French Oil Giant's Return
Venezuela and TotalEnergies SE signed a memorandum of understanding on Saturday, setting up the French company for a return to operations in the South American country.
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JPMorgan Chase analysts warn: The biggest impact of El Niño on global agriculture is expected to materialize in Q1 2027.
Tracey Allen, JPMorgan Chase's head of agricultural commodities, stated in a research report published on September 18 that the intensifying El Niño phenomenon, coupled with global diesel and fertiliz
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U.S. retail diesel prices surged to a record high of $6.45 per gallon, as Congress considers legislation to ban exports.
Global diesel supplies remain tight due to the Russia-Ukraine conflict and the situation in the Middle East. U.S. Representative Tim Burchett introduced a bill this week to ban diesel exports, and Sen
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The Saudi-led coalition announced it intercepted a ballistic missile fired by Houthi rebels towards Riyadh, while the Houthis claimed responsibility for attacking sensitive sites in Riyadh and Aramco facilities in Yanbu.
The Saudi-led coalition announced that Iranian-backed Houthi rebels launched a ballistic missile towards the Saudi capital, Riyadh, at dawn on Saturday, but it was successfully intercepted and destroy
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US Commander Says Strait of Hormuz Oil Shipments Hit Six-Month High, Citing Effective US Navy Escorts and Mine Clearance
Oil and liquefied natural gas shipments through the Strait of Hormuz reached a six-month high in the past two weeks, a U.S. regional commander said, indicating that U.S. Navy protection and mine clear
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Russia attacked two merchant ships in the Black Sea, and Poland raised its air defense alert level.
Ukraine's Air Force stated that Russia used dozens of drones and two anti-ship missiles to attack Ukraine overnight. Russia's Ministry of Defense, meanwhile, claimed that its forces used "Geran-4 Seek
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Brent crude oil surged to $132 this week after the Saudi East-West Pipeline was attacked and shut down, forcing Saudi Arabia to rely on high-cost "relay oil transportation" via the Strait of Hormuz.
A drone launched from Iraq by Iranian-backed militants recently struck Saudi Arabia's East-West oil pipeline, forcing its shutdown, the Wall Street Journal reported. The pipeline, previously a critica
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MarketWatch Analysis: Oil Prices and Energy Stocks Would Be Hit by a Sudden End to Iran War, But Company Insiders Are Still Buying
MarketWatch analysis suggests that despite a sudden end to the Iran war potentially leading to a drop in oil prices and energy stocks, company insiders are still buying these related stocks, indicatin
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World faces supertanker shortage, threatening long-haul oil flows as costs soar
The rising cost of global oil transportation is rendering some long-distance crude trades uneconomical, potentially disrupting flows at a time when fuel markets are exceptionally tight.
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Europe's winter power market is flashing its strongest warning since the energy crisis, with German wholesale electricity prices for January soaring over 60% year-on-year.
Bloomberg Markets reports that as Europe enters winter, the electricity market is flashing its strongest warning since the energy crisis. German wholesale electricity prices for January have traded ab
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Barclays: Humanoid robot computing power demand is mainly concentrated in edge AI, with limited but significant incremental growth for data centers.
Barclays Research states that the inference stage for humanoid robots needs to be completed on edge processors within the robots themselves. Data center computing power is primarily used for simulatio
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Commodities
24H Trending
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Musk reposted a tweet stating that OpenAI's AI agents are conducting "self-adventurous experiments" in a "safety sandbox," even pressuring each other for "permanent death" in exchange for collective benefit.
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Houthis attack Saudi capital and Aramco facilities, US warns of "rapid escalation" of conflict, Saudi Arabia urgently seeks aid from multiple countries.
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OpenAI is in preliminary discussions with investors for a new private funding round, potentially valuing the company at over $1.2 trillion.
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NVIDIA VP: Vera Rubin Platform Achieves 30x Throughput Increase on Agentic AI Workloads
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Hong Kong to expand renminbi-denominated bond, gold and commodity markets, says Financial Secretary Paul Chan
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Global oil shipping costs have surged to historic highs, with supertankers earning over $1.2 million per day. A South Korean shipping magnate is making a massive bet, investing $7 billion, and is set to profit handsomely.
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NVIDIA VP: Agentic AI to Boost Computing Power Demand 100-fold, Altering Traditional Scheduling Models
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Goldman Sachs: Market "pricing in 4 rate hikes" is overly pessimistic, expects only two rate hikes in this cycle.
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Musk reposted a SpaceX tweet, confirming the deployment of 27 Starlink satellites.
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Ed Sheeran calls Gaza situation 'catastrophic,' 'unjustifiable,' and 'disproportionate' as US tour resumes
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