The Bloomberg Commodity Total Return Index is heading for a monthly loss of around 3%, trimming its year-to-date gain to 26%. The setback marks the first monthly decline since December but does little to alter the broader picture of commodities remaining one of the strongest-performing asset classes in 2026. May was a month of contrasts. While investors continued pouring money into technology and AI-related equities, helping push major stock indices towards fresh highs, commodity markets spent much of the month reassessing the outlook for supply disruptions stemming from the three-month conflict in the Middle East. ... (full story)