Latest / The Commodities Economy with Fexingo: Oil, Gold, Wheat, and Raw Material Markets
Why Industrial Metals Are Outperforming Oil in 2026
Episode 11 of The Commodities Economy examines a striking divergence: while crude oil has plunged over 10% in a week amid fading demand fears and geopolitical brinkmanship in the Strait of Hormuz, industrial metals like copper and silver are rallying. Copper jumped 3.5% in five days, silver rose nearly 2%, and gold holds above $4,500. Lucas and Luna break down the structural drivers behind this split—China's stimulus-driven copper demand, the energy transition's metal intensity, and the oil market's unique fragility to Iran tensions and tank-top storage warnings. They also…
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