Commodities Rollercoaster: Oil Dips as OPEC+ Plans Output Hike, Gold Rockets to Records, Grain Markets Slip (Sept 29–30, 2025)
Key analysts’ views & forecasts: A range of experts highlighted the mixed outlook. Jay Pelosky (TPW Advisory) argued on Sept 29 that traditional bearish oil forecasts are overstated – OPEC+ may under-deliver on planned hikes, Ukraine strikes have cut 25% of Russia’s refining capacity, and China’s crude stockpiling could soak up surplus reuters.com reuters.com. In metals, Goldman Sachs now predicts copper returning to long-term bull territory (~$10,750/t by 2027) after revising down 2025-26 supply reuters.com. Citi sees a 2026 copper deficit and even higher prices ($12,000+) if demand holds reuters.com. For oil, the U.S. EIA has cut its price outlook