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Wells Fargo upgraded its rating on the commodities sector from Neutral to Overweight.

2026-07-16

Wells Fargo upgraded its rating on the commodities sector from Neutral to Overweight.

Other News
2026-07-16

Ukraine Railways said that on Thursday morning, two of Ukraine's three Black Sea ports were operating normally, while grain receiving at the port of Chernomorsk had decreased significantly.

Ukraine Railways said that on Thursday morning, two of Ukraine's three Black Sea ports were operating normally, while grain receiving at the port of Chernomorsk had decreased significantly.
2026-07-16

U.S. government officials said on the 14th Iraq and Syria plan to restore a long‑abandoned oil pipeline to move crude from northern Iraqi fields to a Syrian Mediterranean port, creating an export route that would bypass the Strait of Hormuz. The pipe

U.S. government officials said on the 14th Iraq and Syria plan to restore a long‑abandoned oil pipeline to move crude from northern Iraqi fields to a Syrian Mediterranean port, creating an export route that would bypass the Strait of Hormuz. The pipeline, built in 1952 from Kirkuk to Banyas, is about 800 km long and has a nominal capacity of roughly 300,000 bpd. It was severely damaged during the Iran–Iraq War and the Iraq War and has been out of use; pumps and power systems need extensive repair, with restoration likely to take two to three years. U.S. ambassador to Turkey and special envoy for Syria and Iraq Barak has held talks with Iraqi, Syrian and U.S. company representatives about reviving the link.
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