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 rises, gold pulls back as markets jitters ease

Will economic fears fully abate? Oil prices are rising again on Tuesday, adding to Monday's recovery to trade more than 6% from the lows. Brent fell close to $70 yesterday, the lowest level since late-2021 is a sign of how much the banking crisis has reverberated throughout the markets.

21-03-2023 10:07 GMT by Craig Erlam

Oil gets support, gold breaks $2000

Oil seeing some support The sell-off in oil markets appears to be running into support following the near-20% decline over the last couple of weeks. Traders have been forced to reassess the outlook for the global economy in light of recent issues in the banking sector and it would appear they're no longer so optimistic. That may of course change as things settle down, assuming they do in the short term, but for now, they're taking a far more cautious stance.

20-03-2023 13:00 GMT by Craig Erlam

US Open: Stocks waver after UBS takeover deal/coordinated CB action/banking worries, Yen thrives on risk aversion flows, Bullish oil bets abandoned, Gold $2k, Bitcoin closer to $40k than November low

Looks like it will be another long week on Wall Street. It was a busy weekend after a Credit Suisse bailout and a coordinated effort by the Fed and other central banks to boost dollar liquidity. Despite a couple major weekend attempts to contain the risks hitting the banking system, US stocks are wavering as risk aversion won’t be going away until markets are confident that the Fed is done with their rate hiking campaign. The banking system still doesn’t have any confidence as Wall Street tri

20-03-2023 09:47 GMT by Edward Moya

Oil continues slide, gold higher, bitcoin surges

Terrible week continues Oil prices have been pummelled this week as turmoil in the banking sector has increased the risk of a significant economic slowdown or recession this year. Clearly, traders are not convinced that the worst is behind us which continues to weigh heavily on the price of crude, particularly going into a weekend when anything can happen, as we saw a week ago.

17-03-2023 12:14 GMT by Craig Erlam

US Open: Stocks still jittery on banking woes, Inflation expectation fall to lowest levels in nearly 2 years, Crude struggles, Gold shines, Bitcoin eyes $30k

US stocks are weakening on fears that this week’s banking turmoil will lead to tighter lending standards that will cripple small businesses and eventually send this economy into a recession. The Fed’s rate hiking cycle was already feeling restrictive, so now that we have rising risks of more bank bailouts and even tighter credit standards, the growth outlook for the economy is rather bleak. Next week will be huge as markets are unsure if the Fed will continue to tighten or given this week's ban

17-03-2023 10:58 GMT by Edward Moya

US Close: Stocks rally as bank jitters ease, No surprises from Yellen, ECB hikes, Oil rebounds, profit-taking time for gold, Bitcoin edges higher

US stocks are rallying as Wall Street worries over the banking sector are easing after the big banks offer support to First Republic and as the SNB gave Credit Suisse a lifeline. Banking jitters are fading quickly for now and that has everyone scrambling back into risky assets. Yellen Treasury Secretary Janet Yellen’s testimony to the Senate did not yield any surprises. She defended the proposed budget and reiterated that there will be a careful look at what happened with SVB.

16-03-2023 13:52 GMT by Edward Moya

Oil remains volatile, gold could be eyeing $2000

Volatile amid worrying economic outlook It's been another volatile session in oil markets, bouncing back from their lows while remaining negative on the day. A failure to get back into the green would represent a fourth consecutive day of losses, albeit to a much lesser extent than the last three. Traders are clearly concerned about the economic outlook this year in light of recent bank failures and uncertainty at Credit Suisse.

16-03-2023 13:13 GMT by Craig Erlam

Oil plunges, gold flies on jittery markets

Oil plummets amid economic fears Oil prices have been caught up in the doom and gloom of what we're seeing in equity markets and after months of consolidation, economic concerns have triggered an aggressive breakout to the downside. Brent and WTI are off around 7% today and at levels last seen late in 2021 and it could get worse if the situation deteriorates further if the situation evolves into a broader banking crisis. There's no evidence it will at this point and as such, there's every chance

15-03-2023 20:45 GMT by Craig Erlam

Mid-Market Update: Stocks fall as banking worries persist, Credit Suisse crisis, Euro plunges, Oil crashes through $70, Gold demand surges, Bitcoin softer

US stocks are dropping as Wall Street anticipates further global banking turmoil after Credit Suisse fails to secure additional capital and their CDS hit crisis levels. Weak banks are feeling exposed to the past year of global central bank tightening and they will likely now have to deal with skyrocketing funding costs. The bloodbath is not just hitting financials, but also sending energy, material, and industrial stocks lower. Yields/FX Treasury yields are in freefall and so our Fed rate

15-03-2023 13:35 GMT by Edward Moya

Mid-Market Update: Bank rebound fuels risk rally, Disinflation trends are not back, Too early for rate cut and hold calls, Oil struggles, Gold softens, Crypto rally

Banking contagion risks are evaporating and Wall Street is ready to pile back into risky assets. US stocks are surging as regional bank stocks bounce back and after the eight straight deceleration with the annual inflation pace supports the case for some that the Fed’s tightening work is almost done. CPI Today’s inflation data still supports the case for another quarter-point rate hike by the Fed. Wall Street seems to be focusing on both the strong rise with shelter prices as that made up 70

14-03-2023 13:28 GMT by Edward Moya

Oil on wild ride, gold powers higher

Wild fluctuations in oil Oil prices are continuing to whipsaw while remaining within the broad ranges they've traded within since early December. Yesterday we saw Brent and WTI testing the lower end of these in response to the turmoil that erupted in the financial system that triggered widespread risk aversion. Today we're seeing them trade lower again, albeit still higher than yesterday's lows.

14-03-2023 04:56 GMT by Craig Erlam

US Close: Regional Banks crushed, Chaotic Stock session as Fed Regulators intervened, Oil pummeled, Gold surges, Bitcoin posts best rally since FTX turmoil

US stocks had a chaotic day as bank stocks crumbled and interest rate sensitive sectors rallied as Treasury yields tumbled. Over the weekend, Federal regulators rushed in to squash a growing liquidity crisis.

13-03-2023 15:04 GMT by Edward Moya

US Close: A cooling wage/hot payroll report, Banking System Fears, Rate Hike bets slashed, SVB fails, Oil rebounds, Gold shines bright, Crypto breaks below $20k

US stocks settled lower in a volatile session as traders digested a cooling wage/ robust job growth report and SVB contagion risks. This was supposed to be an easy Friday with one massive jobs report, but SVB, a large bank with exposure across a range of sectors failed and triggered distress for several other smaller banks. At the end of the day, traders are seeing this cooling/hot payroll report as confirmation that Fed policy is restrictive and that the their tightening work is almost done.

10-03-2023 13:44 GMT by Edward Moya

Oil in choppy waters, gold awaits nonfarm payrolls

Choppy trading remains in oil Oil has pared earlier losses but remains lower on the day as we near the end of the trading week. We've basically just experienced last week but in reverse, in keeping with how oil markets have traded since early December. Choppy but ultimately range-bound action has been evident throughout that period and while traders will have an eye on the range lows - which have been gradually rising - there's currently little to suggest we're about to see a major breakout in e

10-03-2023 07:09 GMT by Craig Erlam

US Open: Stocks turn positive after Jobless Claims rise, Biden’s Budget DOA, Yen strength, Oil rebounds, Gold stabilizes, Crypto pain post Silvergate liquidation

US stocks erased losses after some softening labor data helped cool down this week’s surging Fed rate hike bets. Wall Street is hoping we are about to see a quicker cooling of the labor market, but we probably won't see major positioning until after Friday's NFP report. Fed Chair Powell seems to have signaled they will accelerate the tightening pace to a half-point rate rise if we get both a hot NFP and inflation reports.

09-03-2023 09:26 GMT by Edward Moya

Cautious ahead of jobs report

It would appear investors are taking a cautious stance ahead of tomorrow's jobs report, a little spooked by Powell's comments in Congress and fearful of being caught on the wrong side of another hot jobs report. That's clearly the danger at this point, that we get another hot report that confirms January was no blip and instead indicative of a labour market that not only isn't cooling but perhaps getting hotter. The trend pre-January across many indicators pointed to a cooling in the economy and

09-03-2023 08:17 GMT by Craig Erlam

Mid-Market Update: Powell Part Deux, Labor Market still looks hot after ADP & JOLTS, Stocks struggle, Oil remains heavy, Gold wavers, Bitcoin softens

US stocks struggled to find direction after another round of labor data suggests this market will remain tight and on Fed Chair Powell’s second day of testimony on Capitol Hill. Powell did not deliver any surprises, repeating that the Fed may need to speed up the pace of its interest rate increases if necessary.

08-03-2023 13:43 GMT by Edward Moya

Oil returns to range, gold crushed by hawkish Powell

Back into range Just as oil prices appeared to be gathering some momentum, Powell put an abrupt end to hopes of a breakout on Tuesday and sent them back to the middle of their recent range. Optimism over the Chinese recovery is one thing but if large parts of the global economy are going to stall or go into recession, oil prices are going to struggle to surge higher.

08-03-2023 08:32 GMT by Craig Erlam

US Close: King Dollar returns, Hawkish Powell sinks risk appetite, Oil and gold punished, Bitcoin nears lower boundaries

Fed Chair Powell killed risk appetite with a hawkish first day on Capitol Hill. Powell said that the Fed will likely need to raise interest rates more than expected due to the recent strong data and is prepared to move in larger steps if the "totality" of incoming information suggests more needs to be done to bring down inflation. US stocks did not stand a chance after Fed Chair Powell convinced markets that policymakers are comfortable taking this rate hiking campaign much higher.

07-03-2023 15:28 GMT by Edward Moya

US Open: Stocks waver ahead of Powell, Biden eyes higher taxes, RBA almost done hiking, EUR supported on rising ECB bets, Oil and gold await Fed, Bitcoin softens

US stocks are slightly higher ahead of Fed Chair Powell’s Congressional testimony. Everyone is expecting Fed Chair Powell to deliver his best hits of ‘we have more work to do’ and ‘higher for longer’. Powell might not commit how much higher rates will go, but he will keep the door open for the Fed’s dot plots to move higher. Lawmakers will argue that we don’t need to see a recession to bring inflation back to target. Powell will likely signal that Americans could see economic pain later this

07-03-2023 07:46 GMT by Edward Moya

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