{
  "id": 6487533,
  "title": "The Commodity Bull Market Just Entered a Dangerous New Phase",
  "url": "https://urgent.news/2026/09/09/the-commodity-bull-market-just-entered-a-dangerous-new-phase",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-09T22:00:00.000Z",
  "source": {
    "name": "OilPrice",
    "slug": "oilprice",
    "url": "https://oilprice.com/Energy/Energy-General/The-Commodity-Bull-Market-Just-Entered-a-Dangerous-New-Phase.html"
  },
  "original_language": "en",
  "account": "The commodity bull market has entered a perilous new phase, raising concerns about the impact on corporate margins and household spending, according to a warning by Bloomberg macro strategist Simon White. The rally, which has pushed the Bloomberg Commodity Index to a level last seen in 2012, is no longer solely driven by oil prices but has expanded to include energy, metals, soft commodities, and precious metals. White cautioned that soaring commodity prices could squeeze corporate margins and consumer spending, potentially putting a damper on stock market performance. The energy sector is facing input cost hikes due to the Iran conflict, while soft commodities are being pressured by the Russia-Ukraine war and potential El Nino conditions. White noted that while some commodities are currently down, the broader market rally may indicate a looming downside for equities if commodity inflation persists. The recent surge in raw material prices has brought the Bloomberg Commodity Index near its 15-year high, a level not seen since the 1970s, but historically, high commodity prices have coincided with faltering stock prices.",
  "summary": "Readers are familiar by now with the broad-based commodity rally, with energy, agricultural products and metals moving sharply higher as former Goldman Sachs commodities head Jeff Currie warned this summer of growing scarcity in the physical economy. The Bloomberg Commodity Index has climbed to levels last seen in 2012... ... while the Quantix Commodity Index has hit a new record high. Bloomberg…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}