From Investing.com: 2025-04-28 04:40:00

Oil prices saw modest gains today, with ICE trading above $67/bbl as US-China trade talks continue. Speculators increased net longs in ICE Brent and NYMEX WTI, while drilling activity in the US rose for the second week. Natural gas prices in Europe and the US remain low due to ample supply and weak demand. Europe is expanding gas storage for the upcoming heating season.

China’s copper stocks saw a record weekly drop, with inventories falling significantly in the physical market. Speculators increased net longs in COMEX copper, while gold bets decreased. Ukraine’s grain exports declined due to ongoing attacks by Russia on port areas. Trade tensions between the US and China continue to impact speculative positioning of grains.

Total grain exports from Ukraine fell by 14% YoY, while spring grains and legume plantings decreased by 22%. France’s soft wheat crop is in good condition, with planting progress ahead of last year. Speculative positioning in CBOT wheat, corn, and soybeans fluctuated, with money managers adjusting their net positions accordingly.



Read more at Investing.com: Crude Oil Remains Steady Ahead of US-China Trade Talks