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Oil price is a balance of flows and stocks. Supply comes from OPEC policy, US shale economics, and geopolitics that turns barrels off without warning....

Gold pays no coupon and produces nothing, yet central banks hold tens of thousands of tonnes and investors run to it in every crisis. It endures becau...

Lithium went from obscure industrial chemical to the metal of the decade as batteries took over cars. Prices rose nearly tenfold into 2022, then colla...

A hedge moves price risk to someone willing to carry it. The farmer sells corn futures against unharvested bushels, locking March revenue today. If pr...

Supercycles are decade long waves where real commodity prices rise together, then mean revert. The pattern needs a demand shock bigger than supply can...

Spot price is cash on the barrelhead today, at a specific location. Futures price is for delivery at a set later month, standardized and exchange trad...