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Commodities: Supply Worries Remain As US Extends Russian Oil Waiver
2026-05-19 · via All Articles on Seeking Alpha

Summary

  • The oil market continues to trade in wide ranges, and it remains extremely sensitive to Iran-related headlines amid current supply disruptions.
  • Copper on the LME extended losses on Monday, pressured by inflation concerns tied to the Iran conflict and weaker Chinese data.
  • London cocoa sold off for a fifth consecutive session yesterday. The market settled 5.24% lower on the day thanks to ample near-term supply despite potential El Niño risks for the next season.
Crude oil tanker in the sea at sunset.

Alexey Bakharev/iStock via Getty Images

By Warren Patterson, Head of Commodities Strategy and Ewa Manthey, Commodities Strategist

Energy - Continued whipsaw movements driving oil market

The oil market continues to trade in wide ranges, and it remains extremely sensitive to

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