Market insights

Brent Remains in the
$76–$81 Range — Market Balances Between Supply and Demand

Production cuts by OPEC+ prevent prices from falling, but rising US inventories and weak demand in China limit growth. The technical flag remains neutral.

WTI Holds at $76 — Weak Dynamics in API and EIA Reports

US commercial crude inventories rose by 3.2 million barrels last week, exceeding expectations. Refinery throughput declines due to seasonal maintenance also put pressure on the price.

Natural Gas (Henry Hub) Stabilizes Above $2.60 per MMBtu

After the spring drop, prices stabilized amid US heatwaves and forecasts for increased air-conditioning demand. However, excess supply is still present in the market.

Gold and Oil Show Correlation Again Amid Geopolitical Risks

Both assets are sensitive to news from Iran and the Red Sea. Investors buy gold and hedge oil if supply disruption risks arise.

Wheat — Sharp Rise Due to Drought in the US and Eastern Europe

Wheat prices rose above $6.80 per bushel. NOAA warned of severe drought in parts of the US. This pushes prices up amid reduced exports from Ukraine and Russia.

Corn Trades Sideways but Maintains Upside Risk

Futures remain around $4.55 per bushel. Despite oversupply in Brazil, weather risks in the US and Argentina may shift the balance in the coming weeks.

Coffee (Arabica) Shows Steady
Uptrend — Frost Risk in Brazil

Arabica prices reached $2.25 per pound. Seasonal frosts in southern Brazil may damage the crop. Investors actively hedge for upside.

Sugar — Declines Amid Recovery of Supplies from India

After a sharp rise in May, prices pulled back below $0.20 per pound. India partially lifted export restrictions, balancing the market.

Cotton Declines Due to Weak Global Textile Demand

Prices dropped below $0.78 per pound. Apparel producers reduce purchases amid declining consumption in the US and Europe.

Nickel Stabilizes but Remains Under Pressure Due to Chinese Surplus

LME reports rising nickel inventories. China increased exports due to domestic overproduction. This limits prices despite steady demand from battery manufacturers.