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 well supported, gold dips

Hard to make a bearish case for oil Oil prices are continuing to rise at the end of the week, as extreme tightness in the market was compounded by the US driving season, Norwegian oil strikes this weekend and a near-fatal blow to the Iranian nuclear deal. The gains could have been more significant if not for a setback in the reopening of Shanghai as fresh restrictions and mass testing were undertaken. It's hard to make a bearish case for oil prices at the minute and OPEC+ has shown itself incapa

10-06-2022 09:35 GMT by Craig Erlam

Oil dips on China concerns, gold range-bound

Oil eases in Asia on China fears Oil prices consolidated their recent gains overnight, with Brent crude edging 0.70% lower to USD 122.85, and WTI easing by 0.80% to USD 121.45 a barrel. Oil has continued retreating in Asia, driven by China slowdown fears after widened Covid mass testing was announced for Shanghai this weekend.

10-06-2022 03:47 GMT by Jeffrey Halley

Oil dips on China lockdowns and stagflation risks, gold hovers

Crude prices softened as stagflation risks have risen for the US and as China’s reopening hits a major roadblock as Shanghai is expected to lock down seven districts this weekend. The oil market remains very tight, but the short-term crude demand outlook took a bit of a hit today. Whatever weakness emerges for crude will likely be short-lived as this will be one of the busiest driving seasons ever. The pent-up demand for vacation and travel will be front-loaded and demand for crude will be r

09-06-2022 14:37 GMT by Edward Moya

Oil prices steady, gold in choppy waters

Oil steady as fresh Shanghai restrictions halt rally Oil prices are steady on Thursday after surging once more in recent days. Fresh restrictions in Shanghai may be behind the rally losing steam, with China's Covid-zero strategy the primary downside risk as far as crude is currently concerned.

09-06-2022 11:37 GMT by Craig Erlam

Oil rises on UAE warning, gold stuck

UAE Oil Minister lifts oil prices Oil prices shot higher overnight with the UAE oil minister warning that China’s reopening and the inability of OPEC+ members to pump at production targets posed more upside risks to oil prices. Tensions around Iran’s nuclear programme also diminished hopes of more Iranian crude on international markets.

09-06-2022 04:46 GMT by Jeffrey Halley

Nothing slowing down oil's rally, gold rallies

Oil rallies on tight market Crude prices are rallying despite a small inventory build as energy traders see no end in sight as to how tight the oil market will remain. Oil has been on a tear and growing fears of economic weakness have yet to slow down the rally with prices. The EIA reported a build of 2 million barrels for the week to June 3rd, analysts expected a draw of 2.3 million barrels. Refiners are processing at levels not seen before the pandemic, which suggests the short-term cr

08-06-2022 14:32 GMT by Edward Moya

Oil edges higher, gold range-bound

Oil higher despite surprise inventory build Oil prices are edging higher once more even as the EIA reported a surprise increase in inventories last week. The market remains extremely tight and that is keeping the upward pressure on crude prices.

08-06-2022 14:10 GMT by Craig Erlam

Oil edges higher, gold directionless

Oil is steady in Asia Oil prices rose slightly overnight as tight refined supplies persist in the US, and industrial action in Norway and a shutting down of a Libyan oil field continued supporting prices at recent highs. Brent crude finished 0.75% higher at USD 120.75 a barrel, and WTI rose 0.30% to USD 119.75 a barrel.

08-06-2022 05:20 GMT by Jeffrey Halley

Oil volatile, gold rallies

Oil Initially crude prices were unable to hold onto early gains after the EIA short-term energy outlook trimmed their demand outlook for gasoline and distillates. Earlier, oil was rallying after a couple bullish calls from Goldman Sachs and Morgan Stanley.

07-06-2022 15:34 GMT by Edward Moya

Oil clutching to US 120, gold drifting

Oil struggling to hold above USD 120 Oil is continuing to struggle around USD 120 on Tuesday, with Brent and WTI very slightly lower. We've seen USD 120 broken on a few occasions over the last week but each time it's been quickly repelled in a sign of momentum starting to run a little thin.

07-06-2022 09:38 GMT by Craig Erlam

Oil steady, gold range-trades

Oil is steady in Asia Oil’s intraday gains overnight were pared back in New York as US yields and the US dollar climbed, leaving both Brent crude and WTI slightly lower for the session. Brent crude finished 1.05% lower at USD 119.95 a barrel, and WTI finished 1.10% lower at USD 119.00 a barrel.

07-06-2022 05:21 GMT by Jeffrey Halley

Oil edges lower, gold stable

Oil pares gains as China continues reopening Oil prices are slipping a little on Monday after stalling just above USD 120 a barrel. Clearly, traders were not overly impressed by the OPEC+ output hike last week once the details of the deal were released.

06-06-2022 13:23 GMT by Craig Erlam

Oil edges lower, gold steady

Oil is steady in Asia as Saudi Arabia hikes prices Oil prices ignored Fed tightening nerves after the US data, rallying strongly with the relaxing of China Covid curbs, with its ensuing return of oil demand, the story driving oil markets. Brent crude rose 2.70% to USD 121.25 a barrel, with WTI rising 2.35% to USD 120.35 a barrel.

06-06-2022 05:47 GMT by Jeffrey Halley

Market Insights Podcast (Episode 337)

Jonny Hart speaks to APAC Senior Market Analyst Jeffrey Halley about news impacting the market and the week ahead. With Jonny returning from a four day holiday to celebrate Her Majesty's platinum jubilee, it's time to look at the week ahead for financial markets. First of all, though, we glance back to the market reaction to last Friday's US Non-Farm Payrolls.

06-06-2022 02:48 GMT by Jeffrey Halley

Week Ahead - ECB to set up a July hike and US inflation nears peak

A strong nonfarm payroll report means that the Fed won’t be pausing their interest rate hiking campaign anytime soon. The May employment report was impressive, but it will likely be the last strong one we will see in a while.

03-06-2022 14:11 GMT by Edward Moya

Gloominess persists after Robust Jobs report and Musk’s Super Bad Feeling, Oil's strong week , Gold eases, Bitcoin below $30,000

Robust hiring in May pretty much guarantees the Fed will move forward with a couple half-point rate hikes at the next two meetings. US stocks edged lower as the latest employment report showed slower job growth and potentially softening inflation, but still keeps the door open for the Fed to continue with its rate hiking campaign well beyond the summer.

03-06-2022 11:20 GMT by Edward Moya

Oil rebounds, gold rises

Oil stages spectacular reversal higher A disappointing outcome from the OPEC+ meeting (for consumer nations), saw oil’s selloff in Asia yesterday completely reversed plus interest. Markets were disappointed when OPEC+ only agreed to hike production to 650,000 bpd for the next two months, instead of more structural increases from OPEC to cover the Russian shortfall.

03-06-2022 04:23 GMT by Jeffrey Halley

Dude, where’s my oil?

OPEC+ agrees to increase output The most anticipated OPEC+ meeting of the year turned out to be a damp squib in the end. OPEC+ agreed to increase output in July and August to 648,000 bpd from the previously agreed 432,000 bpd, with the increased allocation spread across all its members, including, you guessed it, Russia.

03-06-2022 03:56 GMT by Jeffrey Halley

Oil surges after modest OPEC+ boost and bullish EIA report, gold surges

Oil The Saudis pulled it off again. They managed to keep both the Russians and Americans somewhat happy, while boosting production targets without triggering a collapse in oil prices. The oil market will still remain tight given the production boost is modest at best. Hikes for both July and August will be 50% higher at 648,000 bpd.

02-06-2022 16:12 GMT by Edward Moya

Oil slides on OPEC+ report, gold steady

Oil sinks in Asia on FT/OPEC+ story Oil prices have fallen in Asia today after the Financial Times ran a story that Saudi Arabia has indicated to western allies that it could raise oil production if Russian output fell substantially. Overnight, oil gave back all its gains after a WSJ story released yesterday morning suggested that OPEC+ might exempt Russia from its production quotas. Taken in totality, today's OPEC+ meeting is assuming far greater importance for global markets than the US Non-Fa

02-06-2022 04:59 GMT by Jeffrey Halley

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