Commodities markets — oil, gold, agricultural goods, and the forces driving raw material prices.
Oil prices rise to 6-week high after Iran and U.S. trade blows, Saudi Aramco facilities reportedly hit
Oil prices climbed to their highest level in six weeks on Monday as geopolitical tensions between Iran and the United States escalated sharply, with r…
This enhanced geothermal project aims to unlock gigawatts of power to fuel the data center boom
Fervo Energy is developing an enhanced geothermal system in Utah designed to tap into the surging electricity demand driven by data center expansion a…
Oil Prices Rise Slightly After U.S. and Iran Trade Strikes
Oil prices ticked higher on Sunday as markets reopened following escalating tensions between the United States and Iran. Brent crude, the global oil b…
Sugar is outperforming the stock market this year. Here's what's driving it, and where it can go from here
Sugar futures have crushed equity markets in 2024, with prices climbing sharply as production concerns reshape the commodity complex. The sweetener re…
OPEC Plus Holds Oil Production Steady as U.S.-Iran Strikes Resume
OPEC Plus maintained its current oil production quotas on Sunday, resisting pressure to adjust output despite escalating military tensions between the…
Iran’s Attacks Keep the Strait of Hormuz in a Lethal Stalemate
Iran's escalating attacks on commercial shipping in the Strait of Hormuz create a structural squeeze on global oil supply that pushes prices higher an…
Trump’s state capitalism comes to the oil industry with his unprecedented Venezuela deal
Donald Trump's administration has struck an unprecedented deal with Venezuela's post-Maduro government that amounts to state capitalism in the oil sec…
U.S. attacks 3 Iranian oil tankers after missiles target Navy warships
U.S. military strikes against three Iranian oil tankers near Kharg Island mark an escalation in regional tensions with direct implications for global …
The U.S. Wants the Oil From These 17 Venezuelan Fields
The Trump administration has cleared a path for private oil development in Venezuela by striking a deal with an unspecified company to extract crude f…
Energy Secretary Chris Wright tells CNBC more than 17 million barrels of oil transited Hormuz on Monday
Energy Secretary Chris Wright confirmed to CNBC that more than 17 million barrels of crude oil transited the Strait of Hormuz on Monday, underscoring …
Trump floats renaming Strait of Hormuz the 'Trump Strait'
President Trump has floated renaming the Strait of Hormuz the "Trump Strait," a provocative suggestion that underscores the strategic importance of on…
Chevron Expansion in Venezuela Extends U.S. Influence Over Oil Riches
Chevron is deepening its foothold in Venezuela with a $7 billion investment designed to more than double crude oil production in the country, a move t…
What to Know About Venezuelan Energy Following Trump’s Oil Deal
The Trump administration has struck a deal with a private oil company aimed at accelerating crude production in Venezuela, a nation sitting atop the w…
Two More Oil Tankers Are Attacked in the Strait of Hormuz
Oil markets spiked on Monday following attacks on two commercial tankers in the Strait of Hormuz, one of the world's most critical chokepoints for cru…
Venezuela grants U.S.-backed oil firm NABEP 100-year concessions for 17 oil fields, White House says
Venezuela has handed North American Blue Energy Partners (NABEP) a sweeping 100-year concession to operate 17 oil fields, according to White House sta…
Tanker struck in Hormuz, raising worries over escalation, as Trump vows to hit Iran 'hard'
A commercial tanker struck near the Strait of Hormuz has reignited supply chain concerns in the oil markets as regional tensions escalate between the …
Global Oil Price Rises to $90 a Barrel After U.S. and Iran Trade Attacks
Crude oil surged past $90 per barrel following fresh military strikes between the U.S. and Iran, marking the first escalation in hostilities for a mon…
Trump threatens to blow up Iran's Kharg Island oil hub as hostilities escalate once again
Trump escalates rhetoric against Iran by threatening military strikes on Kharg Island, the country's primary crude oil export facility. This marks a s…
Oil rises over 1% after U.S. forces strike two Iranian rocket launchers on Larak Island
U.S. military strikes on Iranian military infrastructure pushed crude oil prices higher Monday, extending investor focus on geopolitical risk premiums…
Trump’s Venezuelan Oil Deal Relies on a Powerful and Divisive Partner
The Trump administration is pursuing Venezuelan oil imports through a private company with deep government connections, a strategy that rests on a con…
Trump announces deal with Venezuela to secure more than 65 billion barrels of oil reserves
Trump announced a deal with Venezuela granting the United States majority control over more than 65 billion barrels of proven oil reserves. The agreem…
Corn and wheat prices jump to highest prices in more than three years
Corn and wheat futures hit their highest prices in over three years, driven by separate supply and demand forces that diverge sharply between the two …
Trump Says U.S. Has Deal for Control of Large Share of Venezuela’s Oil
President Trump announced a deal granting the United States control of a significant portion of Venezuela's proven oil reserves, estimated at over 65 …
Tanker attack tests Trump’s claim that Hormuz is a 'functioning strait'
An oil tanker took a direct hit from an unidentified projectile in the Strait of Hormuz, reigniting concerns about passage safety through one of the w…
Gold hits over three-month high on dollar weakness, Treasury bond buyback plans
Gold prices climbed to their highest level in over three months, driven by a combination of dollar weakness and fresh U.S. Treasury buyback plans. The…
How Farmers Are Staying Afloat as Crop Prices Plunge
U.S. farmers face a profitability crisis as crop prices collapse, forcing both growers and landowners to explore income alternatives beyond traditiona…
Oil prices fall as investors await 'toughest' U.S. sanctions on Iran
Oil futures tumbled Monday as markets paused ahead of the Trump administration's promised maximum-pressure campaign against Iranian energy exports. We…
Comex Gold, Silver Settle Lower
Gold futures on the Comex closed lower as the precious metals complex gave back recent gains. Gold settled down 1.4%, extending weakness with two loss…
Arabica Coffee Prices Hit Record on U.S., Colombia Tariff Spat
Arabica coffee futures soared to record levels as markets resolved uncertainty over potential U.S. tariffs on Colombia, a major coffee producer. The r…
Natural Gas Falls on Shifting Weather Forecasts
Natural gas futures declined following weekend weather model revisions that trimmed expected cold across much of the U.S. in early February. The shift…
Gulf Oil Giants Push to Expand Overseas Stockpiles as Iran War Drags On
Saudi Arabia and the United Arab Emirates are rapidly expanding oil storage capacity in Japan and South Korea, a strategic shift driven by escalating …
Two Ships Transiting Strait of Hormuz Are Attacked as Oil Prices Rise
Two commercial vessels came under attack while transiting the Strait of Hormuz, killing at least one crew member. Maritime officials disclosed the inc…
Depleted strategic oil reserve nears level that raises concerns about damage to caverns, operations
The U.S. Strategic Petroleum Reserve has fallen to levels that threaten physical damage to the salt caverns holding crude oil, according to energy exp…
Chinese refiner Hengli accused of funding Iran through sanctioned oil purchases
Chinese oil refiner Hengli Petrochemical faces U.S. allegations of funding Iran's government through purchases of sanctioned Iranian crude oil. The co…