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 jumps on Putin comments, gold eyes Fed

Energy spikes after Putin's announcement The successful Ukrainian counter-offensive in the east appears to have triggered an act of desperation by the Kremlin with this morning's announcement by Vladimir Putin confirming what had been rumoured on Tuesday. "Referendums" will now take place in various Russian-controlled territories and a partial mobilisation of troops will strengthen the country's numbers after recent setbacks. The decision has caused a stir in energy markets, with oil trading aro

21-09-2022 09:29 GMT by Craig Erlam

Oil lower, gold stumbles

Oil Oil prices are lower as energy traders await a wrath of central bank decisions that will trigger mid-cycle slowdowns that will cripple the short-term crude demand outlook. Commodities are broadly weaker as this week is all about the aggressive monetary policy tightening to combat inflation. OPEC+ may have a strong case to lower output after this week’s central bank decisions. A global economic slowdown is here and unless the oil market sees some surprise disruptions or broader market rally

20-09-2022 12:37 GMT by Edward Moya

Oil rebounds, gold eyes central banks

Oil prices bounced back well at the start of the week, as choppy trading conditions were seen across various asset classes. Brent is trading back around $90 a barrel after briefly dipping back towards the lows of the last six months where we continue to see substantial support. OPEC+ fell short of its output target by 3.583 million barrels per day in August in a further reminder to the markets of the tight conditions we continue to operate within.

20-09-2022 03:34 GMT by Craig Erlam

Oil, gold under pressure from central banks

Oil Crude prices were under pressure as fears of an aggressive central bank tightening are driving concerns for a quickly weakening global economy and as the UAE plans to increase oil output. The global economy is slowing and that has been troubling for the crude demand outlook. Oil pared losses as Wall Street saw a broad reversal at the NY open. While pessimism remains elevated for global growth, extreme positioning before the Fed seems unlikely. Gold Gold is breaking as surging real rate

19-09-2022 12:37 GMT by Edward Moya

Oil steadies, gold plunge, bitcoin under pressure

OPEC+ threats lending support It's been another volatile week for oil prices, with global growth fears dampening the demand outlook but OPEC+ sitting in the background ready to respond if prices drop too far. Brent crude remains above $90 at the moment which may stop the alliance from calling one of the emergency meetings it warned of but if growth fears continue to rise, that may change.

16-09-2022 17:35 GMT by Craig Erlam

US Close: Stocks remain in doom and gloom mode after FedEx Warning, Oil's bad week, Gold steadies, Bitcoin follows equities lower

US stocks were dealt another blow after FedEx warned that the economy was about to enter a ‘worldwide recession.’ Wall Street was already nervous that the Fed’s inflation fighting mission was going to trigger a recession, but now it seems corporate America is already showing signs that the economy is slowing. FedEx FedEx shares plunged the most in forty years after they had withdrawn their guidance. A weakening economy and rising competition from Amazon complicate how FedEx will perform this

16-09-2022 14:46 GMT by Edward Moya

Crude lower, gold pummeled

Oil falls as US economy slows Crude prices got knocked again as demand fears intensified after a wrath of economic data shows the US economy is slowing down. Oil fundamentals are still mostly bearish as China’s demand outlook remains a big question mark and as the inflation fighting Fed seems poised to weaken the US economy. The US Department of Energy also clarified that the restocking of the Strategic Petroleum Reserve (SPR) won’t happen due to prices falling at a certain level and that th

15-09-2022 15:33 GMT by Edward Moya

Oil steady, gold vulnerable

Oil steady after inventory data Oil prices have steadied a little after rebounding strongly this past week. There are many forces dictating the price action in oil markets right now, with economic uncertainty right up there alongside a potentially unpredictable OPEC+.

15-09-2022 04:10 GMT by Craig Erlam

Oil rallies as Chengdu eases lockdowns, gold weakness continues

Oil rebounds as China relaxes Covid restrictions Oil is rebounding as China begins to ease some of their COVID lockdowns. The next major move in crude was always going to be triggered by the world’s biggest oil consumer and the loosening of lockdown restrictions should put a firm bottom in place. In addition to Chengdu’s easing of COVID restrictions, the White House is debating when they should refill the Strategic Petroleum Reserve (SPR). Crude prices seem poised to rally further now that

14-09-2022 15:42 GMT by Edward Moya

Oil outlook uncertain, gold under pressure

A still uncertain outlook for oil demand Oil prices suffered alongside risk assets on Tuesday, albeit to a much lesser extent, with the threat to the US economy of much higher interest rates a downside risk. Of course, it's yet another risk that I'm sure OPEC+ will be keen to stress it would adapt to in its desperation to ease market volatility and keep prices high. The oil price is a little higher after the IEA monthly report which claimed oil use for power generation will hit 700,000 barrels p

14-09-2022 08:08 GMT by Craig Erlam

Oil fundamentals remain intact, gold shines

Oil prices rise Crude prices are rising as the dollar weakens and prospects of an Iran nuclear deal revival fade away. Risk appetite is back and that is mainly due to the falling dollar, which is adding fuel to the rally in crude.

13-09-2022 14:42 GMT by Edward Moya

Market Insights Podcast (Episode 374)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the UK economy, US inflation, Japanese Yen and Oil.

13-09-2022 07:26 GMT by Craig Erlam

Oil turns negative, gold hurt

Oil Commodities across the board got crushed after a very hot inflation report sent the dollar higher as expectations were boosted for a much more aggressive Fed. Inflation is proving to be much more troubling and that is raising the risk of the Fed sending the US economy into a recession. Energy traders are looking at a tight oil market that is going to have a rough short-term outlook as the consumer is going to be a lot weaker given the robust rate of inflation with core prices. China’s zer

12-09-2022 12:40 GMT by Edward Moya

Oil bounces back, gold edges higher

Oil higher despite demand concerns Oil has recovered earlier losses to trade around 1% higher on the day. Crude could extend its winning run to three sessions if it holds on, recovering from the lows which came on the back of lower global growth expectations and Covid lockdowns in China.

12-09-2022 07:13 GMT by Craig Erlam

Week Ahead - All About Inflation, BOE decision pushed back, Xi to meet Putin

As the world mourns the death of Queen Elizabeth II, the longest-serving British monarch, a series of royal protocols will now unfold. Her majesty was a reassuring constant throughout a world that was always changing. The world will now reflect on memories of her Majesty. The financial world will see some scheduling changes but will mostly roll on.

09-09-2022 15:27 GMT by Edward Moya

Markets Today: World mourns Queen Elizabeth II, Stocks Rally despite more hawkishness, Oil higher on supply risk and weaker dollar, Gold rises, Bitcoin jumps

As the world mourns the death of Her Majesty Queen Elizabeth II, world leaders pay tribute for her incredible service and leadership. The UK enters a 10-day mourning period that will see some events delayed or suspended. The BOE announced they will push back their interest rate decision to September 22nd.

09-09-2022 13:00 GMT by Edward Moya

Back to school, ECB signals more hikes to come, Powell sticks to hawkish script, Bitcoin hovers around $19k

Parents are rejoicing back to school time and Wall Street is embracing the consistency in the Fed’s messaging that they will keep at it until the job is done with inflation. Stocks are rising after Fed Chair Powell stuck to his hawkish script and affirmed the commitment to tighten policy until inflation is back towards its target.

08-09-2022 12:48 GMT by Edward Moya

Oil bounces back, gold recovers

OPEC+ will be watching closely Oil prices are rebounding slightly on Thursday, up almost 1%, after collapsing more than 5% a day earlier on renewed global growth concerns. With policymakers around the world still hawkish on interest rates, most notably in the US, and China locking down major cities in its zero-tolerance fight against Covid, the demand outlook is weakening. After such a long period of supply driving the crude price, it's demand that appears to be dominating now with traders antic

08-09-2022 04:53 GMT by Craig Erlam

Oil’s bloodbath, gold shines

Oil The oil market is a blood bath as the crude demand outlook took a major hit after Chinese and US trade data showed global demand is sharply weakening. It appears the risk of losing Russian energy supplies is no longer keeping oil prices supported and that has energy traders solely fixated on the demand side drivers. WTI crude could hold $80 given how strong the US economy remains and now that most of the demand shock from China's deteriorating COVID situation has been priced in. Gold Ju

07-09-2022 12:53 GMT by Edward Moya

Oil eyes OPEC+, gold under pressure

Calling OPEC+ bluff? It's not just the resolve of Japan’s Ministry of Finance that's being tested by the markets at the moment, with oil prices trading not far from their late summer lows despite the warning shot from OPEC+ earlier this week. While the 100,000 barrel cut wasn't fundamentally significant, it was clearly intended as a warning not to drive the price lower or face further cuts.

07-09-2022 09:35 GMT by Craig Erlam

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