What Iran's Attack Means For Commodities

Investing in politically sensitive commodities, such as oil and metals, could mitigate the potential impacts of rising geopolitical turmoil. Iran’s direct attack on Israel may carry significant implications for global commodity markets. The threat of further Iran-Israel escalation combined with sanctions on Russian metals underscores the need for diversification into geopolitically sensitive commodities.

Middle East Escalation Boosts Oil Supply Risks

Risks to Middle East oil supply are at their highest since October last year. The oil market continues to be supported by ongoing tensions in the Middle East. Price action in the oil market has been surprising following Iran's attack on Israel. The risk of disruption to Middle Eastern supply is growing. Stricter enforcement of oil sanctions against Iran, Israel retaliating and Iran attempting to block the Strait of Hormuz are key risks to oil supply.

U.S. crude oil drops by most since January as supplies rise more than expected

U.S. Crude oil drops by most since January as supplies rise more than expected. Fourth straight weekly build in inventories and weaker economic data from China outweighed Middle East tensions. Front-month crude prices drop to their lowest in three weeks. China's economy grew by a stronger than expected 5.3% in March, but other indicators point to lackluster demand.

Crude inventory increased by 2.7M barrels for week ended April 12 - EIA

Crude inventory increased by 2.7M barrels for week ended April 12 - EIA. Commercial crude stocks for the week endedApril 12: 460M barrels. Crude inventory change: +2.7m barrels. Gasoline inventory increase by 1.2m barrels for the same week.

U.S., allies plan fresh sanctions on Iran in response to attack on Israel

U.S., allies plan fresh sanctions on Iran in response to attack on Israel. Iran launched missiles and drones over the weekend targeting Israel. The U.S. Will impose new sanctions in the coming days on Iran's missile and drone program. Iran's attack was in retaliation for an air strike on an Iranian consulate in Syria. The House of Representatives voted to impose sanctions on Chinese financial institutions.

Oil stays flat as Middle East worries offset by higher-for-longer rates outlook

Crude oil futures end little changed as Middle East worries offset by higher-for-longer rates outlook. Analysts believe Israel's response to Iran's missile attack will be limited in scope. Strong U.S. Retail sales in March reinforce expectations the Fed will not cut interest rates before September.

Weekly Market Pulse: Are Higher Interest Rates Good For The Economy?

Interest rates surged last week on the back of a hotter-than-expected inflation report. The rise in rates last week pushed the 10-year to its highest level since the peak at 5% in October of last year. Gold has been setting new highs, trading above $2400.

Oil prices could face increased uncertainty – TD Securities

TD Securities says the outlook for oil prices could face increased uncertainty as geopolitical tensions continue to escalate in the Middle East. Oil currently trades near $85.20/bbl, higher in 2024 by 19.5%. The recent upswing in April has oil trading near highs not seen since late October of 2023.

Possible Rising Recriminations Face The Stock Market

Oil's rally takes a breather but traders await Israel's response to Iran attack

Crude oil futures fall as traders await Israel's response to Iran's weekend missile and drone attack. Investors worry the breadth of the assault may leave Israel with no choice but to retaliate. Oil prices had risen to their highest since October in anticipation of Iran's attack. The outlook for oil seems to hinge on the Israeli response to the attack, analysts say. Citi raised its short-term oil price forecast.

Oil slips after Iran's attack on Israel; markets expect limited Israel response

Oil slips after Iran's attack on Israel; markets expect limited Israel response. Iran's missile and drone assault on Israel caused little damage. May WTI crude oil futures trade lower; prices largely priced in the attack. Big Oil names show mixed results in the pre-market.

What Inflation And Geopolitical Uncertainty Could Mean For Oil Prices

Bart Melek, Global Head of Commodity Strategy at TD Securities, speaks with Kim Parlee about the outlook for oil prices. The price of oil is up 20% year to date. He says geopolitical tensions and inflation are factors in the rise in prices.

Weekly Report: what happened at UCO last week (0408-0412)?

Impact of G7 Response and Strait of Hormuz on Oil Prices Amid Iran-Israel Tensions

Oil prices are poised for a rise on Monday following Iran's attack on Israel. Brent crude reached its highest price since October last week. The market is bracing for a surge in oil prices following the attack. The extent of the increase hinges on the response from Israel and the West. Concerns about potential disruption to oil production and exports from the Middle East.

Brent crude tops $90 on Mideast fears, but IEA sees slower global oil demand growth

Crude oil futures settle higher Friday after touching their highest intraday levels in six months. The IEA sees slower global oil demand growth for 2024. The energy sector ended the week with losses for the full week. U.S. Crude stocks rose sharply and inflation came in hotter than expected.

Tighter Fundamentals And Geopolitics Are Pushing Commodities Higher

Home Market Outlook Commodities Tighter Fundamentals And Geopolitics Are Pushing Commodity Prices Higher. Oil market tightens as geopolitical risks grow. Europe exits winter with record natural gas storage. Copper is trading at its highest since the middle of 2022.

U.S. natural gas glut to keep prices low this year before rising in 2025, EIA says

U.S. Natural gas futures fall after EIA reports larger than expected injection into storage. Inventories 38% above the five-year average for the week. The EIA expects prices to remain low this year and average $2.20/MMBtu in 2024. Crude oil futures also fall.

OPEC Report: Steady Demand Growth, Adjusted Non-OPEC Supply Predictions

OPEC maintains steady forecast for global oil demand growth in 2024 and 2025. The cartel revises down its forecast for non-OPEC supply growth for 2024. The U.S., Canada, Brazil, and Norway are key drivers of non- OPEC supply growth. Report comes amid high oil prices fueled by geopolitical tensions and tight supply concerns.

Oil: The Top Is Likely In For Now

Elevated positioning, bullish sentiment and falling refinery margins suggest this move higher in oil prices is probably done. Oil prices are likely to be well-supported on the downside but capped on the upside. The general consensus is OPEC+ is driving their higher production through the rest of 2024.

Oil turns higher on report U.S. sees imminent Iran strike against Israel

Oil turns higher on report U.S. Sees imminent Iran strike against Israel. Crude oil futures resume their upward march after back-to-back daily losses. Iran's supreme leader reiterates pledge to retaliate against Israel for last week's strike in Syria. Big build in U.s. Crude oil stockpiles and hotter than expected U. S. Inflation data tempered expectations of interest rate cuts.