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 moves higher, gold eyes Jackson Hole

Saudi Arabia has no appetite for lower oil prices Oil prices are rising again on Tuesday, building on the recovery at the start of the week following output warnings from Saudi Arabia. Considering what we've seen in oil markets this year, the repeated inability of producers to hit output targets and the record profits of oil companies, it's quite staggering that the largest member of the OPEC+ alliance is even considering cutting production to address the falling price. It begs the question; eve

23-08-2022 09:00 GMT by Craig Erlam

Crude demand outlook takes a hit, gold stumbles on strong dollar

Oil Oil bulls thought they were in the clear, but ‘just when they thought they were out, they pull me back in.’ Oil’s true enemy is global growth fears and they are not going away anytime soon. In addition to a weakening crude demand outlook, Iran reportedly gave into a ‘red line demand’ that might be a gamechanger in reviving the elusive nuclear deal.

22-08-2022 11:45 GMT by Edward Moya

Market Insights Podcast (Episode 367)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the LPR cut in China, maintenance on Nord Stream 1 and bitcoin.

22-08-2022 08:59 GMT by Craig Erlam

Oil slips, gold under pressure

Oil choppy as traders await JCPOA decision Oil prices are off more than 1% this morning as choppy trade continues. There remain many factors influencing the oil price right now from a tight market to a diminishing growth outlook and a potential Iran nuclear deal.

22-08-2022 07:06 GMT by Craig Erlam

Gold - Is the recovery over?

OANDA Senior Market Analyst Craig Erlam discusses whether gold can break $1,800 or if the recent rally is over.

19-08-2022 13:32 GMT by Craig Erlam

Week Ahead - On to Jackson Hole

Jackson Hole has been heavily discussed since the Fed's supposed "dovish pivot" last month when it adopted a more data-dependent stance. While policymakers have pushed back against the idea of a pivot, markets have continued to price in a slower path of tightening.

19-08-2022 13:04 GMT by Craig Erlam

Oil remains steady, gold under pressure

Are oil prices stabilising? Oil prices are paring yesterday's gains in what is yet another volatile session and week. The list of downside risks has definitely grown lately, with growth certainly top of it.

19-08-2022 07:50 GMT by Craig Erlam

Oil gains ground, gold struggling

Oil rallies after strong US numbers Oil prices rallied after another round of impressive US economic data boosted optimism for an improving crude demand outlook. The US economy still looks good and China’s economy could be ready to bounce back fairly soon. Momentum from yesterday’s bullish EIA crude oil inventory still lingers, but technical resistance at the $90 a barrel level is capping WTI’s rally for now. OPEC Secretary General Al Ghais reminded energy traders that OPEC could be in a posi

18-08-2022 13:58 GMT by Edward Moya

Oil rebounds, gold tries to form a range

Oil Oil prices rallied after another round of impressive US economic data boosted optimism for an improving crude demand outlook. The US economy still looks good and China’s economy could be ready to bounce back fairly soon. Momentum from yesterday’s bullish EIA crude oil inventory still lingers, but technical resistance at the $90 a barrel level is capping WTI’s rally for now. OPEC Secretary General Al Ghais reminded energy traders that OPEC could be in a position to cut production if needed.

18-08-2022 13:38 GMT by Edward Moya

Oil prices steady, gold under pressure

Oil steady after inventory boost Oil prices are treading water following Wednesday's rally which came on the back of the EIA inventory data. The surprising and substantial drawdown alongside record crude exports provided a boost just as the price was testing multi-month lows.

18-08-2022 05:29 GMT by Craig Erlam

Oil surges post EIA report, gold vulnerable

Oil rises on EIA surplus Crude prices rose after the EIA crude oil report posted a surprisingly large draw. US stockpiles plunged by 7.1 million barrels last week, much more than consensus estimate draw of 100K barrels.

17-08-2022 12:49 GMT by Edward Moya

Oil edges higher, gold flat

Oil rebounds off support as JCPOA talks continue Oil prices are edging higher on Wednesday, bouncing off technical support over the last 24 hours as Chinese Premier Li pushed for more pro-growth measures from local officials. There are growing downside risks as a result of the growth outlook and ongoing uncertainty around Chinese Covid restrictions. What's more, talks between the US and Iran are continuing around the nuclear deal which, if it gets over the line, could be a big positive for oil s

17-08-2022 04:50 GMT by Craig Erlam

Oil stumbles, gold edges lower

Oil eyes Iran nuclear talks After 18 months of negotiations, progress has been made in reviving the Iran nuclear deal. We’ve been here before and have seen talks fall apart. What is a little different this time is that it seems the Iranians are willing to discuss the terms. If the Iran nuclear deal is revived, that could send oil prices down to the low $80s. Crude prices are declining over fears China’s growth could slow much more and on improving odds that the Iranian crude could flood th

16-08-2022 13:22 GMT by Edward Moya

Oil extends decline, gold edges lower

Two-way risk for oil as a decision on JCPOA nears? Oil prices are sliding once more after tumbling on Monday following some woeful Chinese data. The unexpected MLF rate cut from the PBOC may have further spooked traders as it's unlikely to have any positive impact and just looked a little desperate.

16-08-2022 06:56 GMT by Craig Erlam

Market Insights Podcast (Episode 365)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the economic data from China and Japan, Saudi Aramco results and oil.

15-08-2022 09:47 GMT by Craig Erlam

Oil and gold lose ground

Oil slips amid poor China data One area where traders are paying attention to the Chinese data is clearly commodity markets, with crude off 2% on Monday. The figures from China really are a concern and the authorities have a big job on their hands arresting flagging domestic demand.

15-08-2022 05:40 GMT by Craig Erlam

Oil rebounds, gold consolidates

Brent eyes $100 after mixed headline week The oil market has bounced back this week, with Brent once more flirting with triple-figures. There's been a lot to digest this week, with Iran nuclear talks ongoing, US inventories rising, US output also rising, the Druzhba pipeline saga and the various forecasts. Even the forecasts themselves offered contrasting views, with OPEC downgrading demand growth and expecting the oil market to tip into surplus this quarter.

12-08-2022 05:18 GMT by Craig Erlam

Oil rallies, gold rally capped

Oil Crude prices are rising after demand destruction fears have become overdone. Nationwide gas prices are now below $4 a gallon and that should definitely provide some relief for what has been a lackluster summer driving season. The economy is in too good shape for further crude demand destruction to occur and that should keep oil prices supported well above the $90 level. The IEA is noting that global oil demand growth will continue as oil consumption will benefit from new demand as elevate

11-08-2022 15:08 GMT by Edward Moya

Oil stablizes, gold pares gains

Oil treading water after volatile 24 hours Needless to say, it was quite a volatile session in oil markets on Wednesday. A positive surprise on inflation was followed by a huge inventory build reported by EIA and then the highest US output since April 2020.

11-08-2022 06:10 GMT by Craig Erlam

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

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