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 choppy, gold slides

Oil Crude prices pared losses after the EIA crude oil inventory report posted a surprise draw as exports came in impressively strong. So much to take from this mixed EIA oil inventory report. Gasoline demand was surprisingly much softer-than-expected, which helped send futures lower.

20-07-2022 14:22 GMT by Edward Moya

Oil dips, gold vulnerable

Oil pares gains We're seeing small losses in crude after a strong start to the week. That may reflect the reversal in risk appetite during the European session as the latest equity bear-market rally quickly runs on fumes.

20-07-2022 11:28 GMT by Craig Erlam

Market Insights Podcast (Episode 354)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discussed UK inflation, Netflix and Nord Stream 1.

20-07-2022 10:44 GMT by Craig Erlam

Oil jumps over peak inflation, gold steady

Oil prices explode higher Brent crude and WTI prices continued higher overnight as sentiment in markets swung to peak inflation once again, and concerns persisted around the resumption of Russian gas supplies. Brent crude rose 1.50% to USD 107.25 overnight, before edging lower to USD 106.40 in Asia.

20-07-2022 04:22 GMT by Jeffrey Halley

Oil hovers above USD 100, gold struggles

Oil Crude prices tentatively breached the USD 100 level after the Bank of America fund manager survey showed global growth optimism was at an all-time low. Earlier in London, oil was declining after reports Congo was looking to bolster up its oil sector by offering 30 oil and gas exploration blocks for licensing.

19-07-2022 13:39 GMT by Edward Moya

Oil dips after gains, gold under pressure

Oil pares gains It's been another volatile couple of days for oil, with Biden's seemingly unsuccessful trip to the Middle East very much stealing the spotlight. Traders continue to weigh up tight supplies against recession prospects which have brought the price back to a suddenly more reasonable USD 100 a barrel. We could see it slip further if economic prospects continue to deteriorate, or if Saudi Arabia hints at turning on the taps faster.

19-07-2022 10:39 GMT by Craig Erlam

Oil soars, gold directionless

Oil prices explode higher Brent crude and WTI prices exploded higher overnight after Gazprom declared a backdate force majeure on some major European customers. That raised fears that gas flows would not return through the Nord Stream 1 pipeline to Germany at the end of the week, causing a knock-on impact on oil prices.

19-07-2022 04:17 GMT by Jeffrey Halley

Oil rises above USD 100, gold rebounds

Oil higher after Biden's trip disappoints Crude prices are back where they belong, over the USD 100 a barrel level, after President Biden’s trip to the Mideast did not yield any oil commitments by the Saudis. Boosting oil was also a weaker dollar that stemmed from a broad rebound for risky assets. The oil market will remain tight as the latest earnings updates reinforced how strong the US economy remains.

18-07-2022 13:29 GMT by Edward Moya

Oil soars after Biden's trip, gold steady

Oil jumps after Biden's failed Saudi trip Oil prices are soaring again today, buoyed by an apparent easing in economic fears, stronger risk appetite and a failure by the White House to get any concrete commitment to increase oil output during the Middle East visit. When the biggest talking point from President Biden's meeting with Saudi Crown Prince Mohammed bin Salman is a fist bump photo, you know it probably hasn't gone to plan.

18-07-2022 12:03 GMT by Craig Erlam

Oil edges higher, gold steady

Oil prices edge higher Both Brent crude and WTI rose modestly on Friday as they continued to unwind the mid-week slump. In Asia, hopes of more China stimulus, and a lack of concrete production promises from President Biden’s Middle East visit have seen Brent crude prices climb in Asian trading. Brent crude finished Friday’s session 1.25% higher at USD 100.80, having tested USD 102.50 intraday.

18-07-2022 03:40 GMT by Jeffrey Halley

Week Ahead - Rate hikes galore

Next week offers a plethora of monetary policy meetings with the ECB, BoJ, CBRT, SARB and CBR among those. Central banks have mostly been racing to raise interest rates while watching official inflation data surpass their targets multiple times over.

15-07-2022 13:12 GMT by Craig Erlam

Oil recovers, gold under pressure

Oil recovers amid soothing Fed words Oil prices are edging higher again after falling around 20% over the last month in response to increasing recession fears. Inflation data on Wednesday didn't help matters, with the market pricing in a strong possibility that the Fed moves up a gear and hikes 1% this month. That saw crude prices slip further but soothing words from Bullard and Waller reassured everyone that 75 basis points remains the base case.

15-07-2022 09:13 GMT by Craig Erlam

Oil pares losses, gold loses ground

Oil prices are steady Both Brent crude and WTI were caught up in recession fears overnight, plummeting by four dollars a barrel at one stage in panicked New York trading. Once again, both contracts found their feet as the US dollar retreated after rate hike comments from Fed officials, finishing the day nearly unchanged after a torrid session. Brent crude finished almost unchanged at USD 99.55, adding 0.30% to USD 99.90 a barrel in Asian trading.

15-07-2022 04:45 GMT by Jeffrey Halley

Oil falls on recession fears, gold slides

Oil tumbles as IEA revises down demand growth Oil prices are continuing to trend lower as we move towards the end of the week, with recession fears once again the driving force. The IEA alluded to economic risks in its monthly oil report, in which it downgraded demand growth this year and next by 100,000 barrels per day. The downward revision would have been larger but for the stronger rebound in developing and emerging economies led by China.

14-07-2022 09:49 GMT by Craig Erlam

Oil almost unchanged, gold recovers

Oil markets remain a bastion of calm I never thought I would say oil markets and bastion of calm in one sentence, but it is 2022, and anything is possible. Despite the noise seen in other asset classes from US data and central bank moves, oil was almost unchanged overnight.

14-07-2022 05:40 GMT by Jeffrey Halley

Oil remains volatile, gold claws back

Oil rebounds after CPI report Crude prices are rebounding after yesterday’s collapse as energy traders digest a hot inflation report that raises the risk that the Fed could send this economy into a recession by the end of the year. A couple of key points for energy traders are that they are still looking at a tight oil market that probably won’t see a severe drop in crude demand just yet and the likelihood this will be a severe recession are low. A wrath of economic data, monthly oil reports,

13-07-2022 13:09 GMT by Edward Moya

Crude slumps on inflation, gold recovers

Crude slides as recession risks build The US inflation data caused shockwaves throughout financial markets, with oil also sliding on the back of the release. A recession is now the primary bear case for crude given the tightness in the market and it's clear here as much as anywhere how serious the economic risk is being taken. Both Brent and WTI are now back below USD 100, down around 20% over the last month, and they may well remain below there which would have been inconceivable in mid-June.

13-07-2022 11:45 GMT by Craig Erlam

Oil slides on inventories, gold steady

Oil slumps overnight As mentioned above, a surprisingly high build in US API crude and refined product inventories spurred a late and aggressive slump in oil prices. Clearly, the speculative market is not prepared to wear any sort of losses from bottom fishing now, and we can expect to see more of these sorts of days going forward until the recession/inflation picture becomes clearer.

13-07-2022 05:27 GMT by Jeffrey Halley

Big Wednesday

It may not be monster surf breaks in Hawaii or Uluwatu in Bali, but today is shaping up to be a stormy day for markets, with plenty of chances to get dumped and held under the waves for a while. We have already had two central banks in Asia raise policy rates this morning, with the Bank of Korea and Reserve Bank of New Zealand hiking by 0.50%, with a hawkish tone in their statements.

13-07-2022 04:52 GMT by Jeffrey Halley

Gold - Tumbles as dollar soars

OANDA Senior Market Analyst Craig Erlam discusses the outlook for gold in light of the dollar continuing to rally higher.

12-07-2022 18:51 GMT by Craig Erlam

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