Thursday May 15, 2025

How Are Trump's Tariffs Impacting Commodities

Are commodities giving us a clearer read on the economy than the stock market?

In this episode of the MoneyShow MoneyMasters Podcast, Darrell Fletcher — Managing Director of Commodities at Bannockburn Capital Markets — shares what investors aren’t seeing beneath the surface of energy, metals, and macro markets.

Darrell breaks down why volatility is unfolding differently across crude oil, copper, and gold…how tariffs are distorting global pricing…and why U.S. shale producers are walking a tightrope around the $55–$60 oil price band. He also explains the surprising dynamics behind natural gas and LNG, base metal pricing discrepancies, and what muted price moves are really telling us about investor confidence.

If you’re watching the economy, commodities may be the sharper lens — and this episode gives you a front-row seat.

Timestamps:

0:00 – Introduction

1:15 – Commodities vs. equities in 2025

2:30 – How tariffs are disrupting supply chains and sentiment

4:00 – Crude oil volatility and break-even pricing for U.S. producers

6:00 – Why LNG demand is holding up the natural gas market

8:00 – Gold, silver, and central bank buying

10:00 – What's behind copper and aluminum price gaps

12:00 – What to expect from Darrell’s Las Vegas session

13:30 – Final thoughts

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