The latest Market Talks covering Commodities. Published exclusively on Dow Jones Newswires throughout the day.

0901 ET - Oil futures are extending gains on rising expectations of U.S. military action against Iran after talks ended Thursday without a deal, with the two sides still seen far from any agreement. The U.S. Embassy in Israel said the State Department authorized non-emergency staff and their families to leave the country, citing safety risks. "The market is telling us that risks are still very high for a U.S. attack," Scott Shelton of TP ICAP says in a note. China's foreign ministry is reported to tell its citizens to avoid travel to Iran. WTI is up 3.5% at $67.48 a barrel and most active Brent rises 3.5% to $73.30.(anthony.harrup@wsj.com)

0526 ET - Palm oil ended higher on likely bargain hunting after a recent decline. Soybean oil's higher prices overnight on the Chicago Board of Trade also supported the vegetable oil's prices, Kenanga Futures said. However, there are ongoing concerns over softer export demand and a strengthening ringgit that could weigh on foreign buying interest, it says. The brokerage sets the support and resistance for the May futures contract at 3,955 ringgit and 4,095 ringgit, respectively. The Bursa Malaysia Derivatives contract for May delivery ended 35 ringgit higher at 4,040 ringgit a ton. (sherry.qin@wsj.com)

0334 ET - Gold prices are broadly steady in early trading, but are headed for a weekly gain of nearly 4% on news that the U.S. and Iran will continue discussions next week. Futures in New York are flat at $5,193.60 a troy ounce. "Gold's role as a hedge against geopolitical and policy shocks is once again in focus," says Ewa Manthey from ING. At record prices, buyers are becoming more price sensitive, so short-term pullbacks or consolidation are to be expected. However, the main drivers of the rally--central bank diversification, geopolitical tensions, possible policy easing, and renewed ETF demand--remain strong, according to market watchers. (giulia.petroni@wsj.com)

0327 ET - Wilmar International's earnings are likely to be flat in 2026, say DBS Group Research analysts in a note. While the Singapore-listed agribusiness' profit could be supported by improving palm-oil refining margins, the analysts' margin projections are more conservative than consensus amid an elevated crude palm-oil price outlook, they say. The company likely still needs time to deliver solid core net profit from consumer products before further stock valuation rerating, the analysts add. DBS is reviewing its hold rating and S$3.00 target price. Shares rise 0.3% to S$3.51.(megan.cheah@wsj.com)

0325 ET - Oil prices rise as investors digest news that the U.S. and Iran will resume discussions next week after the latest round of talks wrapped up on Thursday without a deal. Brent crude rises 0.9% to $71.45 a barrel, while WTI is up 0.7% to $65.32 a barrel. Discussions "on a technical level" will take place next week in Vienna, Oman's Foreign Minister Badr bin Hamad al-Busaidi said in a post on X. However, markets remain on edge as any potential escalation of tensions could disrupt energy flows. Traders are also awaiting OPEC+'s meeting on Sunday for signals on future production policy. (giulia.petroni@wsj.com)

0231 ET - Comex gold futures' bullish momentum is likely to follow through in coming sessions, RHB Retail Research's Aiman Kamil Bin Ahmad Shauqi says in a research report. Although the commodity posted narrow-body candlestick pattern on daily chart, the relative strength index continues pointing upward, with Thursday's closing reaffirming that gold bulls are in control, the analyst says. The precious metal is likely to attempt to rise toward resistance at $5,500/oz. On downside, both 20- and 50-day simple moving averages continue acting as support, the analyst adds. Spot gold is 0.1% higher at $5,185.08/oz. (ronnie.harui@wsj.com)

2154 ET - Press Metal Aluminium looks set for another record-breaking year, thanks to higher aluminum prices, RHB IB analyst Iftaar Hakim Rusli writes in a report. A weaker dollar, strong copper prices and tightening aluminum supply keep RHB bullish on the company. However, although aluminum prices have been supported by stable alumina costs, the analyst notes that it could be partially held back by recent geopolitical uncertainties, which could weigh on demand. RHB maintains its buy rating on the stock and target price of MYR8.50. Shares are last 2.8% lower at MYR7.39. (amanda.lee@wsj.com)

2148 ET - Palm oil prices are higher in early Asian trading, supported by stronger soybean oil prices overnight on the Chicago Board of Trade. However, concerns over the slower pace of export demand and higher stockpiles and output could weigh on CPO prices, AmInvestment Bank says in a note. Technical analysis suggests CPO futures looks bearish, it says, recommending investors to sell on rebounds. AmInvestment Bank expects crude palm oil futures to find support at 3,990 ringgit a ton and face resistance at 4,116 ringgit a ton. The Bursa Malaysia Derivatives contract for May delivery is higher by 16 ringgit at MYR4,021 a ton.(yingxian.wong@wsj.com)

2128 ET - Iron ore rises in early Asian trading amid a modest recovery in market sentiment on supportive macro policies, Nanhua analysts say in a commentary. Prices have declined significantly lately, as traders have largely priced in earlier negative factors. While the durability of marginal supply-side improvements remains uncertain, steel mills in China have resumed production and begun restocking after the Lunar New Year holiday, with hot metal output expected to continue recovering. "If macro expectations and steel demand improve, downside support for prices will strengthen," Nanhua adds. The most-traded contract on the Dalian Commodity Exchange is up 0.2% at CNY750.00 a ton. (jason.chau@wsj.com)

2023 ET - Copper falls in Asian trade, with the three-month contract on the London Metal Exchange dropping 0.4% to $13,249.50 a metric ton. Chinese buyers have remained on the sidelines after returning from a weeklong Lunar New Year holiday, ANZ Research analysts say in a note. The build-up of copper inventories in China was also greater than usual during the holiday period, they add. This comes as stockpiles in global exchanges rose to a record high in late January, supported by changes in U.S. trade policy and mine disruptions, they add. (megan.cheah@wsj.com)

1855 ET - Gold edges higher in the early morning Asian session as traders digest U.S.-Iran talks held overnight. The latest round of talks over Iran's nuclear program ended Thursday without a deal and both sides remained far apart on key issues. The U.S. increased pressure by presenting tough demands and sending more jets and warships to the region. Continuing tensions in the Middle East and Eastern Europe fuel risk aversion, FXEM's Abdelaziz Albogdady says in an email. This could direct investment flows toward the precious metal, he adds. Spot gold is 0.1% higher at $5,185.27/oz. (ronnie.harui@wsj.com)

1544 ET - U.S. natural gas settles lower with the April contract moving to the front of the curve. The below-average 52 Bcf weekly inventory withdrawal reported by the EIA reduced the storage deficit against the 5-year average to 7 Bcf from 123 Bcf the week before. "Storage now sits near the five-year baseline and reduces the urgency for additional risk premium in the prompt months," Gelber & Associates says in a note. LNG exports are doing "the heavy lifting" on the demand side, "but warmer temperature forecasts across broad portions of the country are limiting incremental heating load," the firm adds. Nymex gas for April delivery falls 1.4% to $2.827/mmBtu. (anthony.harrup@wsj.com)

(END) Dow Jones Newswires

February 27, 2026 09:15 ET (14:15 GMT)

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