Commodities: all news & analysis

Explore our extensive commodities news, which unveils critical insights into price movements, trends, and expert forecasts in the raw materials market. By examining price actions and understanding the factors influencing commodity values, understand current market dynamics. This page is designed to boost your research on historical trends, identify seasonal patterns, and sharpen your trading strategies across sectors such as energy, metals, and agriculture. Equip yourself with the knowledge necessary to enhance your understanding of the commodities landscape and elevate your trading decisions.

Oil boosted by China data, gold pares gains

Buoyed by China data Oil prices are a little higher today after paring gains at the start of the week to remain near the highs of the last month, or so. Brent crude has mostly traded between $76 and $86 since early December but the mood appears to have become a little bit more bullish thanks to some promising economic data. The prospect of a soft landing in the US and a shallower economic hit in China from the Covid transition, not to mention a strong rebound, has driven the latest rebound in cr

17-01-2023 07:47 GMT by Craig Erlam

Oil boosted by optimism, gold has momentum

Oil buoyed by economic optimism Oil prices are marginally lower today but have recovered the bulk of their earlier losses. They've been on a good run since getting the year off to a bad start in the opening couple of sessions.

16-01-2023 09:07 GMT by Craig Erlam

Market Insights Podcast (Episode 419)

OANDA Senior Market Analyst Ed Moya reviews the latest market news with Jonny Hart. They discussed inflation drivers, bank earnings, oil markets, Bitcoin's breakout, and the week ahead.

13-01-2023 15:00 GMT by Edward Moya

Mid-Market Update: A busy earnings start, Sentiment Rebounds, Tesla woes remain, Oil’s good week, Gold shines, Crypto breakout?

US stocks were initially softer after the banks delivered a disappointing start to earnings season along with a downbeat outlook for the economy. Stocks are heading lower as Wall Street anticipates earnings will decline significantly and margins will be tested. This is the quarter that companies will announce layoffs and cost-cutting measures as the economy still appears to be recession-bound. Stocks pared losses after consumer sentiment rose to a 9-month high. Plunging gas prices were a k

13-01-2023 11:14 GMT by Edward Moya

Optimism boosts oil and gold

Will economic optimism be spoiled? Oil prices are on the rise again on Friday, buoyed by renewed optimism on interest rates. The fact remains that the first half of the year, at least, will be enormously challenging for the global economy but lower terminal rates and even cuts later in the year will cushion the blow and could see it outperform current expectations.

13-01-2023 07:36 GMT by Craig Erlam

Volatile session after another cool CPI report, Fed’s Harker/Collins support another downshift, Claims suggest labor still too strong, Oil rallies on weaker dollar, Gold tests $1900, Bitcoin nears $18,500

US stocks initially rallied as inflation continues to ease and as Fed members are clearly signaling a smaller tightening pace going forward. The dollar also headed lower as a subdued inflation report should let the Fed slow their hiking pace again. It became clear fairly quickly that stocks would not hold onto initial gains as we will likely remain being data-dependent going forward. The labor market is still hot and much of the relief we saw with energy prices appears to be going away this mon

12-01-2023 10:28 GMT by Edward Moya

Oil prices steady, gold eyes US inflation

Oil steadies as traders grow more optimistic Oil prices have steadied this morning after recovering strongly on Wednesday. Enthusiasm is building in the aftermath of last week's jobs report and a positive inflation reading today could further fuel that.

12-01-2023 04:06 GMT by Craig Erlam

Oil shrugs off massive build, gold awaits CPI data

Oil Energy traders should get used to seeing oil prices head higher. Oil demand is coming back and expectations are high that China’s demand is about to skyrocket.

11-01-2023 14:57 GMT by Edward Moya

Oil and gold jump ahead of inflation report

Buoyed by economic optimism Investor optimism going into tomorrow's US inflation report appears to be feeding through to the oil market, with Brent and WTI both up more than 2% on the day. It will be interesting to see if they can hold onto those gains considering how they've failed to do so over the last four days.

11-01-2023 11:21 GMT by Craig Erlam

Oil higher on demand optimism, gold hovers near highs

Oil Crude prices are higher as economic optimism grows for not just China, but also the eurozone. The oil market is digesting a global slowdown that might not be as bad as feared. Energy traders still believe that OPEC+ will do whatever is needed to keep prices supported and that includes more production cuts this quarter. Oil seems like it wants to waver right now until we get a better handle on China’s Covid surge. As China battles an unprecedented surge in Covid cases, everyone wants to

10-01-2023 11:46 GMT by Edward Moya

Oil in choppy waters, gold holds gains

Demand to pick up later this year It's been a choppy session in the oil market, where Brent is hovering around $80 and WTI $75. We've now seen three sessions on the bounce in which oil prices have rallied before ending the day well off the highs.

10-01-2023 07:01 GMT by Craig Erlam

Oil rallies on China optimism, gold higher

Crude prices are rallying as China’s borders open, refiners get big quotas, and as the dollar slides. Chinese hopes for an improving reopening from Covid could help propel oil prices much higher. Oil’s downward trend was approaching critical support, so energy traders were eagerly looking for any reason to jump back into the oil trade. The macro environment seems like it is improving and that should help keep oil’s rally going. If the soft landing actually happens, oil might trade closer to

09-01-2023 14:21 GMT by Edward Moya

Continuing encouragement

The year got off to a promising start last week, buoyed by a goldilocks jobs report that left investors in a good mood going into another interesting period. Last week's jobs report ticked every box. Jobs growth was good but not too much, participation improved, wage growth moderated and revisions to the November data eradicated any fears that the report initially triggered.

09-01-2023 12:32 GMT by Craig Erlam

Market Insights Podcast (Episode 416)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the US jobs report, energy prices, eurozone inflation data and what to watch out for next week.

06-01-2023 14:39 GMT by Craig Erlam

NFP React: Stocks rise on strong jobs report and slowing wage pressures, ISM Services contract, oil rises, gold higher as Fed hiking job almost done, crypto pares losses

US stocks initially rallied after the NFP report showed the labor market remains strong and as wage price spiral risks are easing. The Fed will stay on their tightening course but risks of more hikes in the Spring are easing as optimism is growing that wage pressures will continue to drop. Stocks are getting a boost here as Fed rate hike bets get slashed, but earnings risks should keep the gains somewhat limited. The focus will shift to next week’s inflation report and traders should not be sur

06-01-2023 10:15 GMT by Edward Moya

Oil inches higher, gold eyes NFP

Steadying after a rough week Oil prices are creeping higher again this morning after steadying on Thursday. They came under some pressure over the previous 48 hours amid concerns about China's economy over the next quarter or two.

06-01-2023 07:32 GMT by Craig Erlam

Oil rebounds, gold falls as pressure remains on Fed

Oil Crude prices were due for a rebound after one the worst starts of a year. It’s been a few decades since oil had this bad of a start and energy traders jumped all over the news that the Colonial Pipeline had to halt operations after a leak occurred.

05-01-2023 15:38 GMT by Edward Moya

Oil pares losses, gold eyes NFP

A rough couple of days Oil is slightly higher on Thursday, paring losses from the last couple of days. Prices fell almost 10% over the last couple of days as China's efforts to rapidly transition away from its zero-Covid campaign led to a powerful surge in cases, threatening to disrupt activity in the opening months of the year. While most would agree that the move should lead to higher, more sustainable growth later in the year, the near-term outlook is clouded by the transition.

05-01-2023 10:32 GMT by Craig Erlam

Gold - A strong start to the year

OANDA Senior Market Analyst Craig Erlam discusses gold's start to the year and what it will take for it to be maintained.

05-01-2023 10:01 GMT by Craig Erlam

Oil slides again, gold grooves on

Oil Oil is extending declines on concerns that China’s struggles with COVID are not going away anytime soon and as the global economic worries persist as central banks take rates into very restrictive territory. Crude is not getting extra demand this winter as warm weather spans across the US and Europe. Despite all this oil price weakness, the technicals, specifically driven by the Biden administration's intention to buy up crude at around the $70 level to refill the strategic petroleum r

04-01-2023 13:41 GMT by Edward Moya

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