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 lower post OPEC+ and EIA report, gold rally stalls

Oil slides after OPEC+ meeting Crude prices tumbled after energy traders saw both the smallest increase in OPEC+ history and as gasoline demand plunged in the US. It looks like OPEC+ is resisting calls to boost output because the crude demand outlook continues to get slashed. The world is battling the ongoing global energy crisis and it won’t be getting any help from OPEC+. The weekly EIA crude oil inventory was very bearish. A headline build of 4.46 million bpd and plunging gasoline dem

03-08-2022 14:09 GMT by Edward Moya

Oil around USD 100, gold edges upwards

Oil hovers around USD 100 after OPEC+ decision Oil prices are a little higher after OPEC+ reportedly agreed to increase output targets by 100,000 barrels per day in September. The move fell in line with speculation of a small increase leading into the meeting.

03-08-2022 09:48 GMT by Craig Erlam

US Close - Rollercoaster stock market after Pelosi arrives in Taiwan, Fed nowhere near done hiking, JOLTS miss, Oil rises, Gold lower on strong dollar, Bitcoin steadies

US stocks went on a rollercoaster ride as traders grew nervous over China’s retaliation over House Speaker Pelosi’s trip to Taiwan, a reminder from Fed’s Daly that their interest rate hiking cycle is nowhere near done, and further signs the labor market is cooling but still remains tight enough for the Fed to deliver a couple more rate hikes. China’s response to Pelosi’s trip to Taiwan could have an impact on supply chains and demand, which could keep the inflationary pressures going strong.

02-08-2022 17:14 GMT by Edward Moya

Oil dips ahead of OPEC+, gold flat

How influential is Biden in OPEC+? Oil prices are slipping again on Tuesday as traders take a more cautious stance ahead of the OPEC+ meeting. There's a lot more uncertainty this time around as they're no longer on a pre-set path that people were hoping would change but never really did.

02-08-2022 05:09 GMT by Craig Erlam

Stocks dip on economic slowdown fears, Asia/Europe PMIs contract while ISM softens, Oil tumbles on demand outlook, Gold rally intact, Polkadot tumbles

US stocks are off to a lackluster as the start of a new month was filled with a bunch of reminders of how quickly the global economy is slowing down and as the risks to the outlook continue to grow. The shock contraction in China was immediately followed up with a wrath of EU manufacturing data that fell into contraction territory for the first time in almost two years. US factories are growing at the slowest pace in a couple of years, but the slower expansion was better than what most economis

01-08-2022 16:21 GMT by Edward Moya

Oil dips, gold pares gains

Attention turns to OPEC+ meeting Oil prices are lower at the start of the week as traders eye the next OPEC+ meeting on Wednesday. With the previous agreement having expired as the group has theoretically unwound all of the pandemic production cuts, attention will now shift to how OPEC+ plans to actually hit those targets and whether any further increases will be announced going forward. Not many have the capacity to do that but some potentially do and President Biden will be hoping his Middle E

01-08-2022 04:05 GMT by Craig Erlam

US Close: Earnings and pivot hopium boost stocks, US data impresses, Oil rallies, Gold shines, Bitcoin nears $24k

Stocks rallied after robust mega-cap tech earnings, hopium that the Fed will pivot soon, and economic data that suggests the consumer is doing just fine. Apple Investors embraced Apple’s slight earnings beat with both the top and bottom line. The standout miss was Mac revenue which was the first decline of the pandemic, which was due to supply constraints and FX headwinds. The iPhone and services numbers were solid and will lead many to believe the consumer is still fine. The numbers out

29-07-2022 14:54 GMT by Edward Moya

Summer surge

Equity markets are ending another winning week in positive territory following a bumper few days of earnings, data and of course, the Fed. This week has delivered another 75 basis point rate hike, earnings and revenue misses for some of the biggest tech names and an unexpected recession that isn't a real recession in the world's largest economy. And yet, the way equity markets have responded, the week couldn't have gone much better.

29-07-2022 08:12 GMT by Craig Erlam

Oil prices steady, gold rises as dollar dips

Oil is surprisingly steady Oil prices edged higher overnight as the volatility in currency, bond and equity markets passed it by; most of the oil-related data had already been released for the week. So, although the intraday ranges were as wide as ever, ultimately, oil booked only small gains.

29-07-2022 05:39 GMT by Jeffrey Halley

US economy contracts again, stagflation is here, stocks embrace idea of potentially less aggressive Fed, oil volatile, gold shines, bitcoin rallies

US GDP declines in Q2 The US economy is weakening much faster than anyone expected. The first look at the second quarter showed another negative reading, which was a surprise for most on Wall Street.

28-07-2022 15:13 GMT by Edward Moya

Oil dips, gold rises after Fed, GDP

Oil turns lower on recession risk Oil has turned lower since the open, in line with the moves we've seen in equity markets. It would appear the economic reality isn't being lost everywhere and the big downside risk for oil in recent weeks - recession - is weighing on the price once more.

28-07-2022 11:30 GMT by Craig Erlam

Oil rallies, gold climbs as dollar sinks

Oil rises once again overnight Oil prices climbed once again overnight, boosted by a weaker US dollar and a large drawdown of crude and gasoline stocks in the overnight official US Crude Inventory data. The inventory data was a surprise, and in combination with tumbling Russian natural gas supplies to Europe, it seems the reality that the physical market is as tight as ever is boosting prices. Brent crude rose 2.45% overnight to USD 107.15 a barrel.

28-07-2022 04:48 GMT by Jeffrey Halley

Powell sparks buy everything rally

You had the feeling that Wall Street, with perpetually itchy buy-button trigger fingers, was primed for this FOMC. As expected, the FOMC raised the Fed Funds target by 0.75%, to a target range of 2.25%-2.50%.

28-07-2022 04:24 GMT by Jeffrey Halley

Fed React: Inflation commitment remains/ likely appropriate to slow increases, Stocks rally, Oil higher post EIA data/Fed/Iran nuclear deal stalemate, Gold shines, Bitcoin enjoys risk rally

US stocks extended gains after the Fed signaled that it will likely be appropriate to slow rate increases at some point. Now that traders see light at the end of the Fed tightening tunnel, the Nasdaq is starting to look like the cleanest dirty shirt in what looks like a 2023 recession bound economy.

27-07-2022 15:08 GMT by Edward Moya

Oil trades around USD 100, gold edges higher

Oil hovers amid recession chat Oil prices are cautiously higher again on Wednesday, with Brent trading around USD 100 and WTI a little below. It's interesting that the recession narrative is having a significant impact on the crude price, even as the market remains extremely tight.

27-07-2022 08:09 GMT by Craig Erlam

Oil in choppy waters, gold directionless

Oil trades in a choppy range Oil prices finished almost unchanged overnight, but that belied another large range intraday, with both contracts moving sharply higher before reversing. Russia’s moves on European natural gas continue to underpin prices, while global recession fears continue acting as a headwind. Brent crude finished almost unchanged at USD 104.60, easing slightly to USD 104.45 in muted Asian trading.

27-07-2022 04:58 GMT by Jeffrey Halley

Oil stumbles on recession worries, gold awaits FOMC decision

Oil Mounting recession worries are currently trumping how tight the physical crude market remains. Crude prices tumbled after countless warnings from corporate America and after consumer confidence tumbled to the lowest levels since February 2021.

26-07-2022 15:02 GMT by Edward Moya

Oil punches above USD 100, gold slips

Recession the primary downside risk There's naturally a lot of focus on the energy market right now, with Gazprom reducing gas flows to Europe via Nord Stream 1 to only 20% from tomorrow. The news didn't come as a massive shock even if it did trigger a 10% spike in the price.

26-07-2022 13:03 GMT by Craig Erlam

Oil rises on Nord Stream, gold drifting

Russia lifts oil prices Russia has further reduced gas flows to Germany overnight, which is threatening to unwind oil’s move lower on Nord Stream 1 reopening. As that reality set in, Brent crude rose 1.20% to USD 104.85, and WTI gained 1.30% to USD 96.25 a barrel.

26-07-2022 04:16 GMT by Jeffrey Halley

Oil finds support, gold looks vulnerable

Oil After a rough few weeks, crude prices are showing signs of stabilization around the mid-USD 90s as the oil market still remains tight despite another wave of weakening economic data in the US and Europe. This week is all about geopolitics and the Fed for oil prices and that means, oil might struggle to make fresh lows. Global recession calls were supported by economic data from Germany that showed business confidence plunged to the lowest levels since early in the pandemic and after a wrat

25-07-2022 14:15 GMT by Edward Moya

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