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 prices recover, gold stuck in range

Oil risks remain tilted to the upside Oil prices are around 1% higher, continuing to recover from Friday's sharp sell-off. The oil market remains extremely tight but it seems the rising threat of recession created a compelling argument for it to correct lower last week.

21-06-2022 09:22 GMT by Craig Erlam

Oil moves higher, gold range-trades

Oil prices start reversing the Friday slump As I outlined above, oil futures have started reversing the Friday price slump as speculative capitulation collides with the reality of tight energy markets in the real world. Brent crude held USD 112.00 overnight, finishing 0.92% higher at USD 114.05 a barrel.

21-06-2022 05:25 GMT by Jeffrey Halley

Bullish outlooks for oil and gold

Oil hit by recession fears, gas prices remain high Oil prices are steady on Monday after tumbling late last week as economic fears took hold. The market remains extremely tight but the threat of recession is one of the few negative forces for crude prices.

20-06-2022 10:46 GMT by Craig Erlam

Oil slides, gold range-trades

Oil slumps on recession fears Oil prices plummeted on Friday as increasing recession fears after soft US Manufacturing and Industrial Production data saw a mess sell-off in futures markets. Brent crude fell by 5.0% to USD 113.15 a barrel, but WTI plummeted by 6.0% to USD 110.00 a barrel.

20-06-2022 05:18 GMT by Jeffrey Halley

Market Insights Podcast (Episode 343)

Jonny Hart speaks to APAC Senior Market Analyst Jeffrey Halley about news impacting the market and the week ahead. It's another blockbuster episode today as we range far and wide across the global economy and financial markets. US markets are closed today but Asian equities, ex-China, are having a tough day at the office despite a steady US Close on Friday.

20-06-2022 04:01 GMT by Jeffrey Halley

Week Ahead - Acceptance

Heading for a recession? This past week felt like a big moment for central banks and financial markets. It was the moment when the majority accepted that inflation isn't just a problem, it's one that needs to be dealt with powerfully in order to prevent it from spiralling out of control and becoming ingrained in the economy.

17-06-2022 12:21 GMT by Craig Erlam

Oil steady around US 120, gold under pressure

Oil steady as European gas prices surge Oil prices are relatively steady at the end of the week, just shy of USD 120. Despite the correction over the last week or so, the market remains extremely tight and the price risks still remain tilted to the upside.

17-06-2022 09:32 GMT by Craig Erlam

Oil trading sideways, gold range-trading

Oil trades sideways Oil, once again, endured big ranges overnight, only to finish not far from where it opened. Once again, Brent crude and WTI saw some heavy selling intraday as markets tried to price in a plethora of central bank hikes and potential recessions.

17-06-2022 04:40 GMT by Jeffrey Halley

Oil volatile, gold shines

Oil market remains tight ‘Buy the dip’ might be dead for the stock market, but it probably should still work for energy traders. Despite all the fears of aggressive central bank tightening of monetary policy and the slower economic growth that will ensue, the oil market remains very tight. With gasoline prices surging above 5 dollars a gallon, the Biden administration’s call for oil companies to ramp up refining capacity was easily met with an explanation that they will need the government to

16-06-2022 17:10 GMT by Edward Moya

Oil steady, gold under pressure

IEA offers a bleak outlook for crude Oil prices are relatively flat on Thursday, after once again edging lower earlier in the session. Crude has been paring gains in recent days after a huge run higher over the previous month but prices are still extremely high.

16-06-2022 11:48 GMT by Craig Erlam

Oil edges lower, gold range-trades

Oil fall on higher inventories Oil prices had another big intraday range overnight, but ultimately, booked only a small retreat, continuing a theme of energy mostly ignoring the noise in equity and bond markets this week. Oil prices finished lower after US official crude inventories recorded another 2 million-barrel gain, and as the FOMC later that evening downgraded its US growth outlook. Still, by oil’s standards, the falls were modest.

16-06-2022 07:12 GMT by Jeffrey Halley

ECB calms markets ahead of the Fed

We're seeing a modest recovery in equity markets ahead of some key central bank meetings but investors remain wary of what's to come. It's become very clear that central banks are going to have to be very aggressive in countering mounting price pressures around the globe and that the probability of recessions has increased. Stagflation is not yet here but the risks around it have risen considerably in recent months which makes central bank responses all the more critical.

15-06-2022 11:26 GMT by Craig Erlam

Oil drifting, gold dips lower

Oil is noisy but sideways Oil prices traded in a very wide range overnight, but like currency markets, once the histrionics passed and the dust settled, didn’t do a lot, remaining near to recent highs. Brent crude ranged between USD 119.00 and USD 125.00 before finishing just 1.05% lower at USD 120.85 a barrel.

15-06-2022 05:57 GMT by Jeffrey Halley

Oil market remains tight, gold lower ahead of Fed

Oil gains on tight supplies, China concerns Crude prices rallied as energy traders focus on the supply-demand imbalance that shows no signs of easing and shrugs off China COVID concerns and the early signs of crude demand destruction in the US. Gasoline prices are above five dollars a gallon nationally and no relief is expected anytime soon. Refiners need to get diesel inventories higher otherwise we could see some shortages in the near future. President Biden will visit Saudi Arabia in the m

14-06-2022 13:16 GMT by Edward Moya

Anxiety heightened ahead of the Fed

European stocks are tumbling again on Tuesday, while US futures are marginally higher ahead of the open after a terrible start to the week. Markets await FOMC meeting The mood has turned very negative since the latter half of last week, with the ECB initially leaving investors in a haze and the US inflation data on Friday delivering the knockout blow. While Wall Street is eyeing a marginally higher open, I'm far from convinced it can maintain that ahead of the Fed decision tomorrow. Expectations

14-06-2022 09:51 GMT by Craig Erlam

Oil steady, gold slides

The supply-side squeeze keeps oil prices elevated Oil prices remained almost unchanged overnight, with Brent crude finishing at USD 122.10, and WTI closing at USD 121.10 a barrel. The continuing squeeze on refined products globally, as well as a lack of investment to bring online more supplies from OPEC members, or other sources, means lost Russian production is nowhere near being covered by global markets.

14-06-2022 04:06 GMT by Jeffrey Halley

US Close: Panic ahead of the Fed, S&P 500 back in Bear Market, King Dollar, Oil market to remain very tight, Gold weakens, Crypto crash

US stocks only had one way to go after inflation fears intensified and raised the risk of stronger tightening by the Fed and a much sooner recession. Wall Street is facing a plethora of negative headlines, but the problem is that until we see a deterioration with credit conditions and market functioning, the Fed has the greenlight to tighten as much as possible to get inflation under control. An ugly inflation report is being followed by a ‘ferocious’ COVID outbreak in Beijing that will weigh

13-06-2022 16:40 GMT by Edward Moya

Oil edges lower, gold sinks

Oil pares gains amid Covid restrictions and economic fears Oil prices are a little lower again on Monday after a remarkable run over the last month that saw crude rally more than 20%. While many factors remain bullish as a result of the extreme tightness in the market, there are two things that have constantly been a potential downside risk and we're seeing both flaring up. Covid cases in China mean more restrictions and lockdown risk, while global economic fears are now mounting and we're now n

13-06-2022 11:14 GMT by Craig Erlam

Oil dips after US inflation, gold rises

Recession fears push oil lower Oil prices edged lower on Friday as US inflation eroded hopes of a Fed-derived soft landing. The falls were modest though, highlighting that despite economic slowdown nerves, the supply/demand situation remains as stagflationary tight as ever.

13-06-2022 06:08 GMT by Jeffrey Halley

Black Monday

A market perpetually looking for reasons to temper Federal Reserve hiking expectations (so they can buy equities), had those quashed on Friday. US headline inflation accelerated to 8.60% YoY from 8.30% previously, with core inflation holding at 6.0%, slightly lower than April’s 6.2%.

13-06-2022 05:05 GMT by Jeffrey Halley

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