The escalation of the Russia-Ukraine conflict combined with nuclear threat warnings has sharply intensified geopolitical tensions, potentially causing significant fluctuations in oil prices by the end of the year due to risk premiums.
On November 25, US crude traded near $71.15 after rising 6% last week. Geopolitical tensions support prices short-term, but weak demand and a strong dollar may cap gains.
This week, the domestic futures market diverged as industrial products faced supply-demand pressure with weak fluctuations, while oils and fats weakened on lower policy expectations. The overall trend remains weak.
The CBOT grain futures market fell across the board on Friday, influenced by ample global supply, shifts in capital flow, and international trade dynamics, leading to a short-term expectation of low-level fluctuations.
Geopolitical tensions intensifying supply disruption concerns have driven U.S. crude oil prices above $70 per barrel. Although a stronger dollar and increased inventories exert pressure, the market sentiment remains predominantly bullish.
Ukraine's use of British missiles to strike targets within Russian territory has escalated geopolitical tensions, causing European natural gas prices to rise to their highest level this year.
Amid unexpectedly rising inventory data and escalating geopolitical conflicts, oil prices surged and then slightly fell on Thursday, maintaining an overall low-level volatile trend.
Geopolitical tensions are driving up wheat prices, while corn has seen a strong rebound due to increased ethanol demand. Meanwhile, the prospect of a bountiful South American harvest has pushed soybean prices down to a two-week low.
The Aluminum MMI rose 1.38% from October to November, signaling stability. Export rebate cuts and tight alumina supply impact prices, but the bearish base metal market clouds further increases.
On Wednesday, U.S. crude prices fluctuated sideways as geopolitical tensions supported a rebound, but rising inventories and Norwegian production weighed. Focus remains on EIA data and Fed policy.
The agricultural market fluctuates as wheat nears a weekly high amid Ukraine tensions, soybeans drop from South American harvest pressure, and corn faces a supply-demand stalemate.
The growth in Asian demand and geopolitical factors are driving changes in the global gold market landscape, with the UAE surpassing London in transaction volume to become the world's second-largest gold trading hub.
Buoyed by export sales data and geopolitical developments, the CBOT major grain and oilseed markets collectively advanced, with wheat and corn leading the gains. However, soybean meal showed relatively subdued performance due to weak demand.
The spread on U.S. crude oil spot prices has fallen into negative territory, reflecting the initial signs of oversupply. Coupled with weak demand from China and rising global production, the oil market is facing new challenges.
After being dominated by bears, the CBOT grain market experienced a resurgence of bullish forces. Soybeans, wheat, and other commodities showed a strong rebound due to changes in policy and supply.
This week, the domestic futures market was significantly impacted by global economic data, policy expectations, and fluctuations in international markets. The prices of major commodities experienced notable volatility, displaying a divergent trend.
ADNOC Gas has reached a ten-year agreement with India's GAIL to supply 520,000 tonnes of liquefied natural gas annually, while also planning to strengthen its position in the global natural gas market through capacity expansion.
Under the dual pressures of increased inventory and a stronger dollar, U.S. crude oil saw a slight decline in the Asian session. The critical support level of 67 dollars may become the focal point of the tug-of-war between bulls and bears.
Gold prices have fallen to a two-month low due to expectations of the Federal Reserve's high-interest rate policy and the potential reduction in geopolitical risk with Trump's election.
Corn, soybean, and wheat prices face pressure from short covering and global demand swings, with a stronger dollar adding to grain market volatility. Investors should watch the upcoming supply report and Asian purchasing trends.
Crude oil futures rebounded slightly Wednesday on short covering, limited by a stronger dollar and lowered global demand forecasts. Market attention shifts to the upcoming OPEC+ meeting and Iran’s supply strategy.
Ukraine's iron ore exports surged by 96% in the first ten months of 2024, driven by rising demand from Turkish and European buyers. The increased supply in the global market has put pressure on prices.
The grain and oilseed markets are retreating due to a stronger dollar and supply-demand pressures, with global purchasing demand and weather changes becoming key market factors.
Offshore yuan hits 4-month low amid Trump tariffs and dollar rebound.
3 hours ago
Japan's service inflation rises, wage-driven trends bolster December BOJ rate hike expectations.
3 hours ago
Russia-Ukraine conflict and nuclear threats heighten geopolitical risks, driving oil volatility.
3 hours ago
RBNZ nears rate decision, market expects another 50bps cut toward neutral level.
3 hours ago
Trump adds 10% tariff on Chinese goods, threatens Mexico and Canada, risking global trade upheaval.
3 hours ago
XRP jumps 10.1%, hitting recent high and reshaping crypto market cap.
4 hours ago
Gold falls below key support as bears dominate, bulls defend 50-day average.
4 hours ago
UK November PMI hits yearly low amid tax hikes and economic concerns.
4 hours ago
Trump's tariff threat jolts markets: Dollar soars, Peso and CAD plunge.
4 hours ago
Grain futures: Wheat pressured, soybean exports rise, corn weak, soybean oil under pressure.
4 hours ago
U.S. indices hit record highs, global markets rise ahead of Thanksgiving.
4 hours ago
Eurozone PMI misses, euro hits 23-month low, bond yields drop.
4 hours ago
Trump's 25% tariff threat on Mexico and Canada boosts dollar index recovery.
5 hours ago
Fed's Goolsbee Supports Gradual Rate Cuts, Eyes Neutral Rate and Overheating Signs
5 hours ago
Israel and Hezbollah near ceasefire as Trump’s trade reversal sends gold tumbling over 3%.
5 hours ago
