Section
The latest commodities coverage from the TrustFinance editorial desk.
European natural gas prices retreated from their highest levels since March 2026 on Wednesday, as a bout of profit-taking paused a five-day rally driven by persistent geopolitical supply risks.
Gold prices found a floor after their biggest one-day drop in nearly a month, as traders weighed the pressure from multi-decade high Treasury yields and rising oil prices ahead of key meeting minutes from the Federal Reserve.
Crude oil prices rose for a fourth straight session, with WTI futures topping $85 a barrel, as an ongoing U.S.-Iran impasse over the Strait of Hormuz fuels concerns over tightening global supplies.
Crude oil futures extended gains for a fourth consecutive session as traders weighed conflicting statements from Washington and Tehran regarding the operational status of the critical Strait of Hormuz waterway.
Brazilian presidential candidate Flavio Bolsonaro has appointed former Mines and Energy Minister Adolfo Sachsida and other market-linked figures to his policy team, signaling a focus on a market-oriented economic platform ahead of the October election.
The September NYMEX contract rose to $2.78/MMBtu, supported by a rally in crude oil amid Middle East tensions, though high domestic production levels capped the gains.
A severe shortage of Group III base oil, triggered by conflict in Iran, has caused prices to surge nearly 300%, forcing carmakers like Stellantis and Volkswagen to find alternative lubricant formulas.
Chicago soybean futures gained on Monday, supported by a report showing an accelerated pace of U.S. soybean processing in July and a rally in crude oil markets.
European natural gas benchmarks rose for a fifth consecutive session as a deepening military crisis in the Strait of Hormuz halts LNG shipments, raising fears of a severe winter supply shortage.
