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.

US Close – September Swoon, OPEC+ bounce faded, Gold back in danger zone, Bitcoin jitters, Memes under pressure

The September swoon is in play as a resilient economy paves the way for more Fed tightening. Stocks are going to struggle because too much of the economy is doing well and that leaves Wall Street vulnerable to an extended period of rising interest rates.

06-09-2022 16:21 GMT by Edward Moya

Brent edges lower after OPEC, gold rises

Brent steadies after OPEC+ boost Brent crude is a little lower today after seeing decent gains at the start of the week following the OPEC+ output announcement. The decision to reverse the 100,000 barrel per day increase in September was more symbolic than fundamentally significant, in that it doesn't really change the dynamics in the market but it will make traders think twice about driving prices lower in the way they have recently. The disturbing global economic outlook combined with the pros

06-09-2022 04:22 GMT by Craig Erlam

Oil eyes OPEC and Nord Stream 1, gold steady

OPEC+ meets after price cap announcement Today's OPEC+ meeting has been somewhat overshadowed by all the talk of oil price caps and Nord Stream 1. The group is expected to leave output targets unchanged but it's likely that a cut will be at least discussed which, if followed through on, would create more volatility and uncertainty at a time of considerable unease.

05-09-2022 05:41 GMT by Craig Erlam

Market Insights Podcast (Episode 371)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the US jobs report, 24-year high in USDJPY, oil ahead of the OPEC+ meeting and Nord Stream 1.

02-09-2022 12:16 GMT by Craig Erlam

A welcome US jobs report

Investors appear relatively pleased with the jobs report despite some initial choppy trade following the release. Nonfarm payrolls nudges above forecast The headline NFP figure was a little larger than expected at 315,000 which may have created that initial unease as a knockout report could have effectively paved the way for a 75 basis point rate hike this month. But once you dig a little deeper, there are aspects of the report that will please the Fed and support the case for easing off the bra

02-09-2022 09:47 GMT by Craig Erlam

Oil prices rebound, gold struggling

JCPOA talks seemingly stall but Macron remains confident Oil prices are higher today after falling close to their summer lows over the course of the week. The rebound comes as nuclear talks between Iran and the US appear to have stalled, with the former claiming they had sent a "constructive" response to proposals and the latter quickly deeming them "not constructive".

02-09-2022 04:33 GMT by Craig Erlam

Oil crushed on USD and China lockdowns, gold tests $1700

Oil Crude prices are tumbling as China continues to struggle with its fight against COVID and as global recession fears grow as rates surge. China is the key question mark for the crude demand outlook and it seems that reopening momentum will remain elusive. The lockdown of Chengdu, a vital transportation hub, will trigger another massive shock for the Chinese economy. The mood is risk-off on Wall Street and that is driving the dollar to fresh records, which is also putting added pressure on

01-09-2022 14:31 GMT by Edward Moya

Oil and gold decline

Oil Crude prices are falling as energy traders anticipate a brutal period for global growth. China factory activity remains depressed and another eurozone record high inflation reading has raised the prospects of much more aggressive ECB tightening that could trigger a severe recession. WTI crude pared losses after the EIA crude oil inventory report posted a hefty decline. The EIA report clearly showed demand destruction is showing up as gasoline demand struggles and crude exports soften.

31-08-2022 15:54 GMT by Edward Moya

Oil edges lower, gold slips

Oil edges lower but Saudi comments are still supportive Oil prices are a little lower again for a second day after spiking earlier in the week. It's a little indicative of the mood in the rest of the markets at the moment and the lack of certainty.

31-08-2022 06:15 GMT by Craig Erlam

Oil slumps, gold slides as risk aversion firmly in place

Oil Oil prices declined as the global growth outlook continues to deteriorate and as geopolitical risks have yet to lead to any disruptions for crude exports. To start the trading week, it seemed energy traders were anticipating some disruptions from either Iraq or Libya and so far that doesn’t seem to be the case. Today, everything seems to be turning bearish for oil: First, global markets still have a Fed headache that has everyone bracing for further pain for households and businesses.

30-08-2022 13:05 GMT by Edward Moya

Oil prices dip, gold under pressure

Saudi Arabia reinforces support Oil prices are easing a little with Brent potentially settling around $100 and WTI a little below around $95. While there remain many moving parts in the oil market at the moment, the comments last week from Saudi Arabia have reinforced support below the current price. It seems OPEC+ isn't interested in the oil price slipping much below $100 a barrel and while those warnings would be put to the test in the event of a nuclear deal, which still looks very challengin

30-08-2022 08:30 GMT by Craig Erlam

Gold benefits on dollar rally break, oil rises

Gold edges higher as dollar rally halts Non-interest-bearing gold got crushed early as more global central bank rate hikes are getting priced in. Gold is edging higher as the dollar rally halted as the euro rises on expectations the ECB will deliver more rate hikes than investors initially thought.

29-08-2022 11:47 GMT by Edward Moya

Jackson Hole Reaction: No doves allowed, ECB hike expectations rise, Oil slumps, Gold lower, Bitcoin dips below $21k

US stocks declined after Fed Chair Powell delivered a short and clear message that they will continue to raise rates and hold them at a higher level until they are confident inflation is under control. The market reaction was for rate cuts to get priced further out and a minimal boost for additional pricing to get done before the end of the year. Powell is not budging on having restrictive policy and that should mean the economy will steadily weaken going forward. Powell drove home the point t

26-08-2022 11:19 GMT by Edward Moya

Oil stable at $100, gold eyes Powell speech

Oil steadies around $100 Oil prices are a little higher, with Brent hovering around $100 a barrel and WTI above $93. It's been well supported this week by comments from Saudi Arabia Energy Minister Abdulaziz bin Salman, who claimed there's a disconnect between market pricing and fundamentals, suggesting OPEC+ could cut output in the future. Suddenly the prospect of a nuclear deal between the US and Iran, or a global growth slowdown, isn't quite the bearish development for oil that many hoped.

26-08-2022 06:56 GMT by Craig Erlam

Brent Crude - Bounces back after Saudi warning

OANDA Senior Market Analyst Craig Erlam discusses the latest developments in the oil market and the impact they've had on the price.

25-08-2022 15:53 GMT by Craig Erlam

Oil seesaws, gold edges higher

Oil Crude prices initially edged higher as we get further reports that OPEC+ is seriously considering lowering production and after the latest round of US economic data and Fed speak suggests the economy is still in a good position to handle more rate increases. Oil will start to form a key trading range until Fed Chair Powell's speech at Jackson Hole.

25-08-2022 13:12 GMT by Edward Moya

Oil climbs above $100, gold finds support

Saudi Arabia successfully talks up oil Brent crude is back above $100 on Thursday, following the verbal intervention from Saudi Arabia this week. The suggestion that the price did not align with fundamentals and that OPEC+ could cut output has clearly had the desired effect.

25-08-2022 06:54 GMT by Craig Erlam

Oil's outlook, gold steadies

Oil poised to rise Despite global recession fears, oil prices are poised to be supported as energy investments have been depressed. The tug-of-war between crude demand destruction and a plethora of drivers on why the oil market will remain tight should still suggest prices won’t fall much lower. Oil’s outlook still looks positive here as shale is not taking off, ESG constraints remain, and strong demand for refined product exports.

24-08-2022 14:05 GMT by Edward Moya

Market Insights Podcast (Episode 368)

Jonny Hart discusses what is driving markets today with OANDA Senior Market Analyst Ed Moya in New York. This week they talk about the lead up to Jackson Hole, softening US economic data, oil markets, and cryptos.

24-08-2022 13:53 GMT by Edward Moya

Oil moves higher, gold under pressure

Bearish case severely weakened by Saudi comments Oil prices are higher again this morning, supported once more by reports that OPEC+ could consider cutting output. While this may simply be a case of Saudi Arabia talking up the price, for now, the prospect of the group taking such action effectively removes two of the biggest downside risks for prices. An Iran nuclear deal was explicitly referenced so if any deal is announced in the coming weeks, it will be interesting to see what the impact on t

24-08-2022 08:48 GMT by Craig Erlam

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