A week of significant volatility in global commodity markets.

The energy commodities market was dominated by green. Source: MXV

At closing, the MXV-Index surged nearly 2% to 2,268 points.

At the close of last week's trading, the energy market witnessed strong gains in most key commodities. In particular, oil prices extended their gains for the second consecutive week, primarily driven by geopolitical developments.

Specifically, WTI crude oil prices rose by more than 13%, reaching $72.9 per barrel – the highest level in over four months – while Brent crude also recorded an increase of over 11%, touching $74.23 per barrel.

Tensions between Israel and Iran, which flared up over the weekend, have raised concerns about the risk of disruptions to oil supplies, particularly in key shipping lanes such as the Strait of Hormuz, a vital oil export route for many Gulf countries.

In addition, the progress made in trade negotiations between the world's two largest economies , the US and China, which are also the two largest global oil consumers, has supported the upward trend in oil prices, as expectations of a trade recovery and energy demand have been reinforced.

However, a cautious sentiment still prevails in the market as investors remain concerned about the possibility of the two countries reaching a comprehensive, long-term agreement, as well as the remaining uncertainties in bilateral trade relations.

The market for industrial raw materials was dominated by red.

Source: MXV

Contrary to the general market trend, the industrial raw materials group recorded overwhelming selling pressure on most key commodities in the group. In particular, the price of 11-grade sugar fell by more than 2% to $355/ton, the lowest level in nearly four years.

The main reason for the sharp drop in sugar prices is the prospect of continued abundant global supply in the 2025–2026 crop year.

Notably, in India, the world's second-largest sugar producer, the Ministry of Agriculture said sugar production is expected to increase by 19% year-on-year, reaching 35 million tons, thanks to expanded sugarcane acreage and favorable weather conditions.

Meanwhile, global sugar consumption, especially in China and the US, continues to weaken, contributing to a prolonged decline in sugar prices.

Source: https://hanoimoi.vn/tuan-bien-dong-manh-cua-thi-truong-hang-hoa-nguyen-lieu-the-gioi-705699.html