Author name: Commodities Market Writer

Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today’s key themes for analysts and investors on “Bloomberg: The Opening Trade.” (Source: Bloomberg)

Saudi Arabia’s revenue from oil exports jumped to a more than three-year high of $24.7 billion in the first full month of the war in the Middle East, as the kingdom’s ability to divert shipments through the Red Sea coupled with higher energy prices compensated for disruptions from the closure of the Strait of Hormuz.

French business activity shrank at the quickest pace in five and a half years as higher energy prices hit consumers and firms.

EasyJet CEO Kenton Jarvis discusses summer travel bookings, jet fuel supplies and price hedging. The UK airline said it’s 58% sold for the second half of fiscal 2026, down 2 percentage points from a year earlier. Jarvis speaks on Bloomberg Television. (Source: Bloomberg)

For most of its history, Bitcoin’s price was driven by a sprawling cast of buyers: idealists, speculators, early adopters, and, more recently, institutional investors looking for a new portfolio hedge. Demand was fragmented and hard to predict. In 2026, it is neither.

To the investors who had snapped up Venezuela’s defaulted bonds at beaten-down prices, it was the moment they were waiting for: Acting President Delcy Rodriguez’s government announced that it was moving quickly to kick off negotiations aimed at restructuring its $170 billion pile of debt.

Russian President Vladimir Putin left Beijing with no sign of a breakthrough on a natural gas pipeline project with the potential to reshape global energy flows and geopolitics.