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's busy day, No need for safe-havens keep gold grounded

Oil Oil prices went on a rollercoaster ride after inflation eased slightly, the resumption of oil flows through the Druzhba pipeline, and as US production rose to the highest levels since April 2020, while oil inventories posted a large build. The EIA crude oil inventory had a lot to take in.

10-08-2022 11:16 GMT by Edward Moya

Oil falls under $90, gold rises ahead of US CPI

Oil slips amid positive nuclear talks and a surprise inventory build Oil prices are slipping again on Wednesday with WTI dropping back below $90 a barrel amid positive noises coming from the Iran nuclear talks. I don't think we're at the optimistic stage yet as we've seen talks break down before when a deal appears close but it's looking more promising than it has for many months.

10-08-2022 04:58 GMT by Craig Erlam

Oil pops, gold strong heading into inflation report

Oil Crude prices surged after Russian oil supplies were halted to Eastern Europe. A simple disruption that stemmed from Western sanctions that do not allow accepting transit fees from Moscow reminded us of how quick the oil market can tighten.

09-08-2022 15:07 GMT by Edward Moya

Oil dips lower, gold eyes US inflation

Oil edges lower as Vienna talks conclude Oil prices are marginally lower on Tuesday after recovering slightly at the start of the week. All of the talk of recession has caught up with crude prices over the summer, forcing a substantial correction that will be welcomed by those looking on in horror as they fill their cars. The question is how sustainable $90 oil is when the market remains very tight and OPEC+ is only willing to make small moves in order to address it.

09-08-2022 04:56 GMT by Craig Erlam

US Close - Stock rally faded, Nvidia's warning, Oil rebounds, Gold above $1800, and Bitcoin eyes breakout

With persistent inflation and a strong labor market, the Fed is on a clear path to raise rates. This week is all about inflation and many traders are expecting to see the inflation to decelerate.

08-08-2022 16:23 GMT by Edward Moya

Oil ticks higher, gold flat after strong NFP

Iran talks resume as oil makes small gains Oil prices are a little higher today, recovering from the lows on Friday. The jobs report highlighted how strong the economy remains although traders are now increasingly nervous about more aggressive tightening sending the economy into a deeper recession further down the road.

08-08-2022 04:28 GMT by Craig Erlam

NFP React: What economic slowdown? Jobs Shocker supports Fed 75bp argument for September, Stocks drop, Oil pares weekly losses, Gold rally ends, Bitcoin equity correlation ends

The July nonfarm payroll report delivered a juicy plot twist in the Wall Street’s Fed pivot playbook. Stubbornly high inflation and a global economic slowdown was expected to drag down the US economy, but after today’s jobs report that does not seem to be the case. Fed officials were already pushing back on the idea of a Fed pivot and now it seems they will be debating whether they need to be even more aggressive to tackle inflation given how strong the labor market is performing. US stocks pl

05-08-2022 12:50 GMT by Edward Moya

Week Ahead - Fear returns ahead of inflation data

Can the Fed afford to ease off the brake? The end of last week was a bit of a reality check for investors that were maybe getting a little carried away with the supposed "dovish pivot" from the Fed and turning a blind eye to the data and what central bank policymakers were saying. Perhaps the experience of the last 12 months can explain the latter but there's no ignoring the data that we saw on Friday. The US economy is certainly not behaving like it's in a recession; rather the labour mar

05-08-2022 12:10 GMT by Craig Erlam

Oil dips under USD 90, gold awaits NFP

Oil slips below USD 90 as recession fears mount Oil prices are marginally higher on Friday after spending most of the week on the decline. It hasn't been the most bullish week of headlines for crude, whether that be all of the recession chat (most notably from the UK), the new OPEC+ deal or the EIA inventory build.

05-08-2022 07:06 GMT by Craig Erlam

Oil slides, gold rally continues

Oil prices slump overnight Although OPEC+ was a damp squib, rising recession fears saw oil prices slump once again overnight after a negative global outlook from the Bank of England policy meeting. Both Brent crude and WTI have now comprehensively broken lower through their 200 DMA’s, a negative technical development.

05-08-2022 04:24 GMT by Jeffrey Halley

WTI breaks below USD 90, gold shining brightly

Oil The oil market is a mixed bag as demand destruction is met with limited spare capacity. Ongoing weakness should be unlikely since the oil market remains tight, but the break of the key technical USD 90 level could unleash some momentum selling.

04-08-2022 11:11 GMT by Edward Moya

Oil dips on inventories, gold edges upwards

Can oil break USD 90? Oil prices are a little lower again today after tumbling a day earlier on the back of a surprise surge in inventories. The 4.5 million barrel increase in stocks caught the market off guard, with forecasts pointing to a small decline.

04-08-2022 05:35 GMT by Craig Erlam

Oil lower post OPEC+ and EIA report, gold rally stalls

Oil slides after OPEC+ meeting Crude prices tumbled after energy traders saw both the smallest increase in OPEC+ history and as gasoline demand plunged in the US. It looks like OPEC+ is resisting calls to boost output because the crude demand outlook continues to get slashed. The world is battling the ongoing global energy crisis and it won’t be getting any help from OPEC+. The weekly EIA crude oil inventory was very bearish. A headline build of 4.46 million bpd and plunging gasoline dem

03-08-2022 14:09 GMT by Edward Moya

Oil around USD 100, gold edges upwards

Oil hovers around USD 100 after OPEC+ decision Oil prices are a little higher after OPEC+ reportedly agreed to increase output targets by 100,000 barrels per day in September. The move fell in line with speculation of a small increase leading into the meeting.

03-08-2022 09:48 GMT by Craig Erlam

US Close - Rollercoaster stock market after Pelosi arrives in Taiwan, Fed nowhere near done hiking, JOLTS miss, Oil rises, Gold lower on strong dollar, Bitcoin steadies

US stocks went on a rollercoaster ride as traders grew nervous over China’s retaliation over House Speaker Pelosi’s trip to Taiwan, a reminder from Fed’s Daly that their interest rate hiking cycle is nowhere near done, and further signs the labor market is cooling but still remains tight enough for the Fed to deliver a couple more rate hikes. China’s response to Pelosi’s trip to Taiwan could have an impact on supply chains and demand, which could keep the inflationary pressures going strong.

02-08-2022 17:14 GMT by Edward Moya

Oil dips ahead of OPEC+, gold flat

How influential is Biden in OPEC+? Oil prices are slipping again on Tuesday as traders take a more cautious stance ahead of the OPEC+ meeting. There's a lot more uncertainty this time around as they're no longer on a pre-set path that people were hoping would change but never really did.

02-08-2022 05:09 GMT by Craig Erlam

Stocks dip on economic slowdown fears, Asia/Europe PMIs contract while ISM softens, Oil tumbles on demand outlook, Gold rally intact, Polkadot tumbles

US stocks are off to a lackluster as the start of a new month was filled with a bunch of reminders of how quickly the global economy is slowing down and as the risks to the outlook continue to grow. The shock contraction in China was immediately followed up with a wrath of EU manufacturing data that fell into contraction territory for the first time in almost two years. US factories are growing at the slowest pace in a couple of years, but the slower expansion was better than what most economis

01-08-2022 16:21 GMT by Edward Moya

Oil dips, gold pares gains

Attention turns to OPEC+ meeting Oil prices are lower at the start of the week as traders eye the next OPEC+ meeting on Wednesday. With the previous agreement having expired as the group has theoretically unwound all of the pandemic production cuts, attention will now shift to how OPEC+ plans to actually hit those targets and whether any further increases will be announced going forward. Not many have the capacity to do that but some potentially do and President Biden will be hoping his Middle E

01-08-2022 04:05 GMT by Craig Erlam

US Close: Earnings and pivot hopium boost stocks, US data impresses, Oil rallies, Gold shines, Bitcoin nears $24k

Stocks rallied after robust mega-cap tech earnings, hopium that the Fed will pivot soon, and economic data that suggests the consumer is doing just fine. Apple Investors embraced Apple’s slight earnings beat with both the top and bottom line. The standout miss was Mac revenue which was the first decline of the pandemic, which was due to supply constraints and FX headwinds. The iPhone and services numbers were solid and will lead many to believe the consumer is still fine. The numbers out

29-07-2022 14:54 GMT by Edward Moya

Summer surge

Equity markets are ending another winning week in positive territory following a bumper few days of earnings, data and of course, the Fed. This week has delivered another 75 basis point rate hike, earnings and revenue misses for some of the biggest tech names and an unexpected recession that isn't a real recession in the world's largest economy. And yet, the way equity markets have responded, the week couldn't have gone much better.

29-07-2022 08:12 GMT by Craig Erlam

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