Brent crude oil
Benchmark context matters: delivery location, quality and date affect comparability.
What to watch
Oil production, inventories, refining and seaborne trade.
MARKETS & MATERIALS
A clearer view of essential resources.
Explore commodity families, understand the important differences and find the source behind the context.
12 resources
Natural gas
Regional gas markets are distinct. Do not treat European, US and LNG references as interchangeable.
What to watch
Weather, storage, pipeline flows and liquefaction capacity.
LNG
LNG adds liquefaction, shipping and regasification to the gas value chain.
What to watch
Freight, destination flexibility and terminal availability.
Copper
A material used across electrical and industrial systems. Product grade and processing stage matter.
What to watch
Mine supply, refining capacity and infrastructure demand.
Aluminium
Primary metal and fabricated products have different cost structures.
What to watch
Electricity inputs, smelter operations and transport.
Gold
Keep troy ounces separate from ordinary ounces; specify fineness and currency.
What to watch
Investment demand, real rates and physical premiums.
Silver
Physical products can carry premiums beyond a market reference.
What to watch
Industrial use, investment demand and processing.
Lithium
Carbonate, hydroxide and spodumene are different products and cannot be directly compared.
What to watch
Chemistry, grade, conversion capacity and end-use demand.
Wheat
Protein content, origin and delivery terms affect the relevant price.
What to watch
Harvest conditions, export logistics and storage.
Maize
Maize is also called corn. Feed, food and industrial uses create different demand channels.
What to watch
Weather, crop yields, feed use and biofuel demand.
Soybeans
Whole beans, oil and meal are distinct products with linked economics.
What to watch
Crop availability, crushing economics and destination demand.
Ocean freight
Freight is a logistics service. Dry bulk, tankers and containers use different markets and units.
What to watch
Route, vessel type, cargo size, port delays and chokepoints.
Educational comparison notes. Units shown are common conventions, not universal specifications. Verify grade, region, currency, delivery terms and timestamp before comparing any prices.
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