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Coffee shows long-term bullish strength, but oil prices drop 3% as the US plans renewed economic pressure on Iran. Gold and corn both saw early gains reverse into pre-dawn Tuesday weakness.
Treasury Secretary Bessent says China cut Iranian oil imports ~40% via sanctions on teapot refineries, also citing weak Chinese demand. He separately accused Chinese AI models of copying U.S. LLM wat…
Crude oil plunged over 5%, pressuring sugar prices lower as mills may shift cane crushing toward ethanol. Sugar faces headwinds from record 2025/26 production forecasts despite some longer-term suppo…
US crude oil inventories fell 7.9 million barrels, significantly exceeding expectations of 2.9 million. Strategic Petroleum Reserve declined 9.9 million barrels as DOE responds to global supply const…
WTI crude edges lower as traders assess Middle East geopolitical tensions and NATO's potential involvement in securing Strait of Hormuz passage, with front-month futures down 0.3% to $103.81/barrel.
Commodity markets show mixed performance: Brent oil steady near $108, WTI declines 1.26%, gold falls 0.56%, while palm oil and agricultural futures display modest gains amid technical consolidation.