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 rallies, gold loves falling yields

Oil Oil is mustering up a nice rally as energy traders try to price in a China recovery that will unfold over the next few months. WTI crude has strong support in the mid-$80s as the oil market still remains tight and now that a short-term peak with the dollar is in place.

26-10-2022 14:24 GMT by Edward Moya

US Close- stock rally continues, US manufacturing activity contracts, oil lower, gold steady, Asia in focus, PM Sunak, ethereum gains

US stocks rallied as momentum builds on calls that the Fed will be tapping the tightening brakes after next week’s policy meeting and ahead of mega-cap tech earnings. No one wants to aggressively buy big tech stocks until we hear this week's big earnings from Apple, Alphabet, and Amazon. Investors are getting more confident that inflation will soften as the consumer rethinks massive purchases. Fed rate hike expectations will remain volatile, but expectations are growing that a weaker economy w

24-10-2022 14:41 GMT by Edward Moya

Week Ahead - Big tech earnings eyed

US Wall Street will pay close attention to the first look at third-quarter GDP. After two consecutive quarters of negative readings, growth is expected to bounce back into expansion territory with a 2.3% reading.

21-10-2022 19:24 GMT by Craig Erlam

Oil choppy, gold rally fizzles

Oil choppy as it establishes a new range Another choppy session in oil markets but one in which the price is once again broadly unchanged on the day. Yesterday we saw a decent rally before gains were erased and today we've seen the opposite.

21-10-2022 09:08 GMT by Craig Erlam

Oil rises on SPR, gold gains ground

Oil settling into a range Oil prices are higher on Thursday which comes after President Joe Biden confirmed the release of the final 15 million barrels from the SPR, as part of the 180 million previously agreed, and warned more could follow. That was already priced into the markets though and the price has fallen quite heavily over the last week and a half.

20-10-2022 12:48 GMT by Craig Erlam

Oil higher on possible Chinese COVID pivot, gold rebounds

Energy US natural gas declined to the lowest levels since March as supply concerns have slightly improved. Over the past week, energy traders have digested a few winter weather forecasts and it seems many are thinking the south will be drier and warmer than usual, while the northern tier, Midwest and Ohio valley could have a colder winter. Oil prices rallied on hopes that China is starting to pivot with their COVID quarantine guidelines and as energy traders start to price in a hard floor for

20-10-2022 12:27 GMT by Edward Moya

US Close: Stocks lower as yields pop, Strong earnings from both Netflix and Procter & Gamble, Oil rebounds, Gold beating continues, Bitcoin holds $19k

US stocks are weakening as the bond market selloff is picking up again after further signs the Fed is going to remain hawkish. The Fed’s Kashkari said he doesn’t see them stopping raising rate at 4.50-4.75% if they are not making progress with core CPI. He also noted that he sees little evidence the labor market is softening and that they don’t see any evidence that core inflation has peaked. Markets expect the Fed to deliver another 75 basis point increase in November and the odds are rising

19-10-2022 14:06 GMT by Edward Moya

Oil stabilizes, gold under pressure

Oil steadying after falling 10% Oil prices are trading higher on Wednesday after falling once more a day earlier. Brent was down around 10% from just over a week ago at one stage on Tuesday, a sign of how concerned traders are about the economic outlook and how serious the Biden administration is about using the SPR to drive prices lower ahead of the midterms. It's such a huge political issue in the US and could swing the midterms one way or another with the margins in the House and the Senate

19-10-2022 07:32 GMT by Craig Erlam

Oil tumbles, gold slides

Oil falls on SPR, China fears Crude prices are sliding on expectations the Biden administration will continue to tap strategic oil reserves and on fears China’s situation is much worse. The Biden administration has one mission right now and that is to ease the inflation pain the American consumer is feeling before the midterm elections. The price at the pump is an important weekly reminder for the consumer and energy traders should not be surprised if Biden continues to be aggressive in tapp

18-10-2022 16:05 GMT by Edward Moya

Oil prices stablilise, gold rebounds

OPEC+ defends cut as oil steadies around $90 Oil prices are continuing to stabilise around $90 a barrel as OPEC+ steps up its defence of its two million barrel per day cut amid a backlash from the US, in particular. Meanwhile, the world's largest economy is reportedly considering another release of strategic reserves in order to offset the impact of the cuts and stop fuel prices jumping as midterms near. How effective the SPR release will be may well depend on whether others join as we saw ear

18-10-2022 05:55 GMT by Craig Erlam

Oil edges lower, gold jumps, bitcoin on the rise

Settling down? It's been another turbulent few weeks in oil markets from global growth concerns to super-sized OPEC+ output cuts and it seems they're yet to fully settle down. Brent has seen lows of $82 and highs of $98 so perhaps what we're now seeing is it finding its feet somewhere in the middle.

17-10-2022 10:07 GMT by Craig Erlam

Mid-Market Update: Stocks lower on inflation expectations rise, JPMorgan impresses, Beyond Meat job layoffs, US Data, Kwarteng sacked, Oil tumbles, Gold in danger, Bitcoin bucks the trend

US stocks were unable to hold onto gains after inflation expectations unexpectedly rose for the first time in seven months. Wall Street can't seem to get a handle on how high the Fed will have to take rates.

14-10-2022 11:39 GMT by Edward Moya

Oil steadies, gold declines

Oil stabilising A strong rebound in oil prices on Thursday coincided with the broader risk reversal in the markets, taking Brent back towards $95 a barrel. This sits right in the middle of the range that Brent may establish itself in now, between $90 and $100.

14-10-2022 06:07 GMT by Craig Erlam

US Close: Head-Scratching Day on Wall Street, Massive stock market reversal, FX volatility to remain extreme, Oil pops despite massive build, Gold little changed, Bitcoin back above $19k

Today’s market reversal was a head-scratcher. Despite a hot inflation report, US equities turned positive as some investors are convinced core inflation will soon start trending lower.

13-10-2022 14:36 GMT by Edward Moya

Oil steadies, gold edges higher, bitcoin slides

Oil steadying Oil prices are steadying again after a three-day decline that's coincided with further concerns around the economic outlook and gloomy forecasts. The output cut from OPEC+ last week triggered a surge in prices but that has partially been offset by the increasingly dire forecasts for the economy which will naturally weigh on demand.

13-10-2022 08:32 GMT by Craig Erlam

FOMC Minutes React: Calibration means Pivot can’t be too far, Pepsico impresses, Oil tumbles, Gold pares losses, Crypto hovers around $19k

US stocks got a little boost after the FOMC minutes provided a sprinkle of dovish hints. The word of the week is ‘calibrate’.

12-10-2022 14:52 GMT by Edward Moya

Oil creeps higher, gold paring losses, bitcoin consolidates

Edging higher but growth concerns remain Oil prices are nudging higher after paring recent gains so far this week. There are two dominant forces in the oil market at the moment; the economic outlook being the primary downside risk and OPEC+ the upside.

12-10-2022 09:55 GMT by Craig Erlam

US Open: Stocks drop as yields rise, IMF warning, Chip stocks crushed on curbs, King Dollar advance stalls, Crude lower on demand fears, Gold still vulnerable, Bitcoin holds onto $19k for now, Google partners with Coinbase

Tech stocks are hovering near 2-year lows on bond market chaos and expectations for a gloomy earnings season. Investors are nervous after this week's inflation data, Fed tightening calls will demand for more aggressive hikes beyond November and that we could be seeing another major round of selling. The IMF slashed their global growth outlook and warned that the ‘worst is yet to come’.

11-10-2022 09:54 GMT by Edward Moya

Oil eases, gold takes a tumble

Oil eases amid more recession warnings Oil prices are paring recent gains for the second day as the IMF and World Bank warn of an increased risk of a global recession. Those warnings won't come as an enormous surprise given the immense economic headwinds as a result of the pandemic and Russia's invasion of Ukraine, not to mention the baffling decision by OPEC+ last week to cut output by two million barrels per day which will only add to them. Oil prices rose around 20% from their September lows

11-10-2022 03:16 GMT by Craig Erlam

Oil still pushing, Gold slides, bitcoin struggles

Oil higher despite weak Chinese PMI Oil prices are continuing to edge higher at the start of the week, albeit at a much slower pace with Brent now not far from $100 a barrel. OPEC+ may be comfortable with that after slashing output targets by two million barrels per day but I'm not sure anyone else will be. The Chinese PMI data overnight highlighted the challenges facing the world's largest crude importer as it tries to balance its zero-Covid policy with economic growth.

10-10-2022 12:56 GMT by Craig Erlam

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