Economists have increased their 2026 oil price projections, citing prolonged supply disruptions in the Persian Gulf that are expected to outweigh concerns over slowing global demand.
Chicago wheat futures rebounded from a six-week low on Wednesday, with prices climbing as the market anticipates the U.S. Department of Agriculture's latest data on grain stocks and production.
Corn futures on the Chicago Board of Trade rose Wednesday as traders positioned themselves for a key U.S. Department of Agriculture supply report and monitored harvest delays caused by rain.
European and British wholesale natural gas prices climbed on Wednesday, driven by Middle East tensions and winter supply worries. The UK contract is on course for its third straight monthly advance, highlighting diverging market dynamics.
The decades-old Alaska LNG project is receiving renewed political backing, but the estimated $54 billion development faces significant commercial hurdles, including high costs, competition, and a lack of binding supply agreements.
The Organization of the Petroleum Exporting Countries and its allies are likely to hold oil output targets steady for November, according to sources, as the group navigates market disruptions and focuses on future quota negotiations.
Russia launched a major drone and missile attack on energy infrastructure in Kyiv and other regions, killing five people. Ukrainian officials called the assault a prelude to a winter campaign to cripple the nation's power system.
U.S. Treasury yields recorded their largest quarterly increase in four years, but weakening economic data and cautious comments from a key Fed official are now raising questions about the market's expectation for another rate hike.
Oil prices climbed after U.S. President Donald Trump rejected a seven-day proposal from Iran to reopen the Strait of Hormuz, prolonging a standoff that has pushed the global benchmark up over 70% this year.
