Investment capital is flowing back into the global commodities market.

(Chinhphu.vn) - According to the Vietnam Commodity Exchange (MXV), after five consecutive recovery sessions, the MXV-Index closed last week's trading session with a strong increase of over 3.6% to 2,228 points. Investment capital has returned to the global raw materials market. The energy sector attracted attention as all five commodities closed the week in positive territory, with many surging by 5-6%.

World crude oil prices reversed course and rose sharply.

At the close of last week's trading (June 2-6), buying pressure completely dominated the energy market. Specifically, the prices of both crude oil commodities recovered simultaneously despite concerns surrounding OPEC+'s decision to increase production.

Specifically, Brent crude oil prices closed at $66.47 per barrel, up 5.88% from last week's close. WTI crude oil prices also recorded a weekly increase of 6.23%, reaching $64.58 per barrel.

As many had predicted, OPEC+ officially announced its decision to increase production in July after a virtual meeting of eight key member countries on May 31st. This marks the third consecutive month that the alliance has increased production by 411,000 barrels per day, a move expected to put pressure on oil prices due to concerns about oversupply in the market.

However, market developments did not fully reflect these concerns. Even in the first trading session of the week, the impact of the OPEC+ decision was not strong enough to cause a significant drop in oil prices. On the contrary, the trading session on June 2nd saw a nearly 3% increase in both key oil commodities. According to expert analysis, many investors had actually expected even higher production increases, so the OPEC+ decision was not a major surprise. In addition, information about the risk of supply disruptions from Canada and Venezuela further boosted buying pressure in the market, contributing to the rise in oil prices.

Many major organizations such as Barclays and Goldman Sachs predict that OPEC+ may continue to increase production in August, as oil demand typically surges during the summer season in the US. This assessment was further reinforced after the American Petroleum Institute (API) and the US Energy Information Agency (EIA) simultaneously released data showing a sharp decline in US commercial crude oil inventories for the second consecutive week. Specifically, the API estimated a decrease of approximately 3.3 million barrels in the week ending May 30, while the EIA recorded a decrease of 4.3 million barrels—both far exceeding previous market forecasts, which were only around 1 million barrels.

In addition, S&P Global released a series of key PMI indicators for the US economy last week, showing positive signals across the board. All three PMI indicators, including the manufacturing PMI, services PMI, and composite PMI, recorded increases in May. Notably, both the services PMI and the composite PMI exceeded market expectations, reflecting strong improvement in the services sector and the overall economy. Furthermore, the US trade deficit in April decreased by more than half compared to the previous month, indicating a clear improvement in the trade balance.

Sugar prices fell for the fourth consecutive week.

According to MXV's observations, at the end of last week's trading, contrary to the general trend of industrial raw materials, the prices of the two sugar commodities continued their downward trend for the fourth consecutive week due to pressure from oversupply and reduced global consumption.

Specifically, the price of refined sugar decreased by 3.28% compared to the previous week's closing price, falling to $363/ton - the lowest level in nearly four years, while the price of white sugar decreased by 2.28%, to $465/ton.

According to the USDA's recently released global sugar supply and demand report for the 2025-2026 crop year, the global sugar surplus is expected to more than double, reaching 11.4 million tons compared to the previous crop year. This increase in supply is primarily driven by stable production in the 2025-2026 crop year in major producing countries such as Brazil, Thailand, China, and others. Notably, India's sugar production recorded exceptional growth of 25% thanks to favorable weather conditions and expanded planted area. These key factors continue to weigh on the sugar market, putting downward pressure on prices.

Source: https://baochinhphu.vn/dong-tien-dau-tu-quay-lai-thi-truong-hang-hoa-nguyen-lieu-the-gioi-102250609084744474.htm