The Commodities Economy with Fexingo: Oil, Gold, Wheat, and Raw Material Markets

This week the oil market is telling two different stories. Crude is sliding — West Texas Intermediate down nearly 10 percent in five days — while gasoline futures are holding firm. Lucas and Luna dig into what's driving the split: refinery maintenance season, the switch to summer blends, and a quiet buildup in distillate inventories. They also connect the divergence to what it means for your infla...

Episode 3 of The Commodities Economy with Fexingo tackles the recent rout in soft commodities, specifically coffee. With KC=F futures down 6.1% in the last five days, Lucas and Luna explore the forces behind the drop: a massive Brazilian harvest hitting the market, easing global supply chain pressures, and the impact of a stronger dollar. They also compare coffee's decline to broader softs like co...

Copper, aluminum, and steel prices are surging as inflation expectations ripple through commodity markets. Lucas and Luna break down the specific mechanism: when the ten-year breakeven inflation rate rises, industrial metals become a hedge, pulling in speculative capital. They trace the move to China's stimulus-driven demand, supply constraints from smelter cuts, and the impact on companies like F...

Natural gas futures surged 7.6% in the five days ending May 19, 2026, while crude oil climbed 5% and gold dropped 4%. On the debut of The Commodities Economy with Fexingo, Lucas and Luna break down the factors driving gas prices higher: a late-season cold snap in the U.S. Midwest that boosted heating demand, planned maintenance at Gulf Coast LNG export terminals that pulled supply off the spot mar...