Commodities News

Oil prices slumped to their lowest level in over three years as OPEC+ pushed ahead with big production increases just as global demand gets weaker from rising trade tensions. Brent futures slid by 4.6% to $58.50 per barrel in early Monday ...

OPEC+ has surprised markets by accelerating its oil production increases at a time when global forecasts are becoming increasingly bearish. Eight of the group’s key producers, including Saudi Arabia, Russia, and the UAE, agreed to raise output by 411,000 barrels per ...

Copper prices surged to an all-time high this week, with futures in New York touching $5.374 per pound before settling at $5.24—a record close.The 30% rise in copper prices since the start of the year has outpaced gold’s 16% gain ...

The global rubber market is heading for another year of tight supply in 2025, with natural rubber production expected to rise only 0.3%, while demand is forecast to grow 1.8%, according to the Association of Natural Rubber Producing Countries (ANRPC). ...

Gold prices surged past $3,000 an ounce for the first time on Friday, hitting a record $3,005 before settling just below the milestone. The spike reflects rising demand for safe-haven assets as global uncertainty intensifies, driven by escalating trade tensions ...

Chocolate lovers are feeling the pinch as cocoa prices skyrocket, with the commodity reaching an all-time high of $12,646 per metric ton in December. A combination of extreme weather conditions and the cocoa swollen shoot virus has disrupted supply in ...

Crude oil prices tumbled to their lowest levels of the year, weighed down by renewed concerns over weakening demand and escalating trade tensions between the US and China. Investors remain wary as China announced a 10% tariff on US crude oil ...

Coffee prices continued their upward march this week, despite the fact that President Donald Trump ultimately scrapped his proposed 25% tariff on Colombian imports. The initial threat, made during a dispute over deportation flights, was enough to jolt the coffee ...

Gold prices have steadily risen this week despite some pressure from the U.S. dollar. Spot gold eased by 0.4% to $2,701.03 per ounce, while U.S. gold futures dipped slightly by 0.1% to $2,748.70. However, both remain on course for a ...

Gold prices remained flat at $2,616.31 per ounce on Tuesday, with U.S. futures steady at $2,631.60. Trading volumes were muted in a holiday-thinned market, but attention has shifted to the Federal Reserve’s anticipated moves in 2025 and potential policy shifts ...

Coffee prices have surged to their highest levels in almost 50 years, driven by extreme weather in key producing nations and global market dynamics. Futures for Arabica coffee recently reached $3.35 per pound, a 70% increase since the start of ...

Bitcoin rose above $28,000 on Monday. The catalyst for the rise was not immediately clear. In other positive news for the crypto industry, several ether futures’ ETFs are set to launch on Monday. Crypto market watchers have been waiting to ...

Hong Kong's central bank has warned investors to be alert of crypto businesses that call themselves "banks," saying such companies are violating the region's banking laws. The financial watchdog said only licensed institutions are permitted to carry out deposit-taking businesses ...

According to the International Energy Agency (IEA), investments in solar projects are expected to outstrip investments in oil production for the first time ever in 2023.The Paris-based energy watchdog revealed that annual investments in renewable energy have surged by approximately ...

The price of gold flirted with record highs this week as US banking concerns increased, causing a flight to the safe-haven asset that was already being boosted by bets for a pause in US rate hikes.The spot price of gold ...