Global Global Markets Strategy 19 September 2025 J P M O R G A N Global Commodities The Week in Commodities This is a summary note that consolidates the latest views of our global commodity strategists published over the week; to read detailed reports, refer to the hyperlinks. It also contains hyperlinks to other related research/podcasts on the global commodities market. Global Commodities: Party like a semiquincentenarian—Commodities rally 15% over benign cutting cycles Oil Flash Note: Ukraine steps up at ...