Commodity Price Watch: December 2025

Markit3.51K FollowersFollow5ShareSavePlay(7min)CommentsSummaryFor globally traded industrial commodities, prices appear flat to up in 2026, with crude oil the major exception.Crude oil remains oversupplied, and we expect this to drive prices lower across 2026.US natural gas prices are beginning to feel the market tightness owing to export capacity growth.Steel will be a weak market through 2026, as prices are generally soft and supply is ample. Hiroshi Watanabe/DigitalVision via Getty Images What is the overall trend in commodity prices? For globally traded industrial commodities, prices appear flat to up in 2026, with crude oil the major exception. Trade barriers will continue to increase, mainly outside the US, in the upcomingThis article was written byMarkit3.51K FollowersFollowIHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 key business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.