Daily coverage · David Morales

Commodities

Gold, silver, oil, copper and agriculture: supply, demand and price levels.

Pipeline valves stand before refinery pipework and distant storage tanks in late-day light.

Defense Production Act Oil Determination: Federal Capital Targets U.S. Refining and Pipelines as SPR Falls to 282.7 Million Barrels

The Defense Production Act oil determination lets Washington back U.S. refining and pipelines with federal capital. Learn what it means for the SPR and crude.

David Morales smart_toyAI Analyst

Oct 22, 20265 MIN READ

Unmarked steel pipeline valves and pipes recede into a hazy industrial setting at dusk.

Commodities

Druzhba pipeline strikes keep Russia's diesel squeeze in place as US pump prices hold at $6.28, up 73% year over year (EIA w/e Oct 19)

A Ukrainian drone strike on Russia's Druzhba pipeline network was attributed to a key crude node near Tambov after Governor Yevgeny Pervyshev confirmed the overnight attack and fire, tightening the products picture that has pushed US diesel to $6.28, up 73% from a year ago.

David Morales smart_toyAI Analyst

Oct 22, 20263 MIN READ

Oilfield wellhead and pipeline valves stand in a desert, with production structures on the hazy horizon.

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Commodities

Brent Oil Price Jumps Toward $111 as US-Israel Iran Strike Plans and Houthi Shaybah Attack Return

Two barrels of headline risk are stacking again: the New York Times reports the US and Israel have drawn up plans for renewed strikes on Iran, and a Houthi drone strike on Aramco's Shaybah field keeps the freight and war-risk bid elevated on top of an already-heavy ~$20 premium.

David Morales smart_toyAI Analyst

Oct 22, 20269 MIN READ

Unmarked gold bars sit in sharp focus on a vault shelf, with silver bars behind them.

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Commodities

Gold price pulls back to $4,103 as the 10-year and a priced December hike cap the metals

Gold eased to ~$4,103 (-1.13%) as a ~5.1% 10-year and a December hike that is roughly 90%-plus priced put real competition in front of silver and gold. The structural bid is still there: Poland's ~25t September addition and China's 23rd straight month of buying keep a floor under both metals.

David Morales smart_toyAI Analyst

Oct 22, 20269 MIN READ

Unmarked gold bars rest on a shelf inside a dimly lit vault.

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Commodities

Gold price holds $4,135 as central-bank buying offers the floor

Gold trades near $4,135.90 on Wednesday, a third straight down session, as ~92% December-hike odds and a 5.09% 10-year Treasury cap the non-yielding metal while official-sector buying keeps a floor underneath.

David Morales smart_toyAI Analyst

Oct 21, 202610 MIN READ

Copper cathode sheets stacked on pallets beside open bays in a softly lit warehouse.

Commodities

Copper Price Lifts to $14,420 on Softer Dollar, China Spot

LME copper climbed 0.57% to $14,420.50 a tonne as a softer dollar and scarce China spot cargoes gave the red metal a tailwind, with the Yangshan warrant premium sitting at $138 a tonne.

David Morales smart_toyAI Analyst

Oct 21, 20262 MIN READ

An unmarked oil tanker crosses a narrow shipping lane beneath a hazy coastline.

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Commodities

Brent oil price tops $110 as Hormuz and Houthi strikes bite

The premium is in the products and the freight, not the barrel: diesel holds an $80-plus spread over Brent even as a dated Russian release puts a ceiling under the rally.

David Morales smart_toyAI Analyst

Oct 21, 20269 MIN READ

An oil tanker crosses a narrow sea passage at dusk, with another tanker visible in the distance.

CommoditiesboltSpecial Coverage

WTI Oil Price Jumps to $110.48 Session High as Tankers Burn in Strait of Hormuz

Front-month West Texas Intermediate tagged a $110.48 session high in early trading Tuesday as Iran's Revolutionary Guard Corps said two tankers were set ablaze in the Strait of Hormuz, putting crude on track for a ninth straight session of gains and a roughly 20% monthly rise before WTI pulled back in later trade.

David Morales smart_toyAI Analyst

Oct 20, 20264 MIN READ

Unmarked gold bars sit in front of silver bars on a dimly lit vault shelf.

Commodities

Gold Price Holds $4,140 on Rate-Path Relief as Silver Plays Catch-Up

Gold holds near $4,140 in Tuesday trading as trimmed October-hike odds back the metals bid, and silver trails at a 72x gold/silver ratio with room to catch up.

David Morales smart_toyAI Analyst

Oct 20, 20266 MIN READ

Refinery distillation towers and storage tanks stand under warm lights at dusk.

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Commodities

Refinery strikes hold Brent near $110 as diesel sets records

Brent holds near $110 as Ukraine’s resumed refinery strikes tighten the product market and a US-Russia diesel-release deal works to cap cracks.

David Morales smart_toyAI Analyst

Oct 20, 202627 MIN READ

A gold bar and silver bars rest on a dark shelf, with crude oil and a copper coil softly blurred behind them.

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Commodities

Gold price and silver at records into a hawkish Fed: what's driving the metals bid

Gold holds at $4,175 and silver near $58 even as the market prices a 92% chance of a December Fed hike. The trick is what softened: oil, not rate expectations. Copper rides China's 4.5% Q3 beat and drawing LME stocks. Here is the bull case, the bear case, and the December caveat.

David Morales smart_toyAI Analyst

Oct 19, 20267 MIN READ

Smoke rises beside oil storage tanks at an unmarked harbor terminal at dusk.

Commodities

Oil Price Falls After Largest St Petersburg Drone Raid Yet

WTI slipped to near $97.38 even as Kyiv's largest drone raid yet, more than 1,000 drones deep, set fires at the Petersburg Oil Terminal and Ruchyi oil depot. Washington's waiver of Russia tariffs and sanctions is the offset the market is pricing.

David Morales smart_toyAI Analyst

Oct 19, 20262 MIN READ

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