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.

US Close - Mixed start for stocks, Empire disappoints, Oil rallies, Gold rebounds, Bitcoin struggles

US stocks traded mix as investors assess soft Chinese and US data and the potential for stagflation risks and a much sooner recession. The S&P 500 is trying to hold onto the 4,000 level as a six-week decline seems a bit overdone. There is a lot of value on the table right now and some investors are starting to look at a steady stream of weaker-than-expected economic data as a likely catalyst that will force central bankers to ease up on the hawkish talk. Empire The Empire State index posted a

16-05-2022 15:29 GMT by Edward Moya

Oil recovers, gold flat

Oil near recent highs after falling on Chinese data Oil prices have recovered earlier losses that came in the wake of the Chinese figures. While lockdowns have been priced in over the weeks, the numbers were much worse than expected which weighed heavily on crude.

16-05-2022 13:06 GMT by Craig Erlam

Week Ahead – Wall Street Whipsawed

It was a tremendous week of market volatility for every asset class on Wall Street. It is still all about inflation and what will be the reaction from central banks. A challenging inflation and growth mix have driven investor concerns that the Fed won’t be able to deliver a soft landing.

13-05-2022 17:19 GMT by Edward Moya

US Close - A terrible week ends on a positive note, Crude prices rallying hard on optimism over China's COVID situation, Gold pummeled

Wall Street is ready to close the books on this trading week. US stocks are finishing on a high note as investors take comfort from a round of Fed speak that suggests financial markets won’t have to price in even more tightening of financial conditions over the next couple of FOMC decisions. Fed’s Daly supports the idea of sticking with 50 basis-point rate hikes at the next two meetings. Yesterday, Fed Chair Powell reiterated his support for raising rates at the June and July policy meetings,

13-05-2022 14:55 GMT by Edward Moya

Oil in choppy waters, gold slides

Oil markets remain volatile Oil prices finished modestly higher overnight, after another chop-fest session which saw Brent crude and WTI fall nearly four dollars intraday. Powell’s soothing comments around 0.50% rate hikes stabilised sentiment in New York, but it is likely that the Russian natural gas sanctions on some European importers were the reason that oil rebounded.

13-05-2022 04:49 GMT by Jeffrey Halley

Oil edges lower, gold hurt

Oil Oil prices remain a volatile trade as the crude demand outlook grows more uncertain as inflation remains uncomfortably high and has accelerated global growth concerns. The risk-off tone on Wall Street is leading to a much stronger US dollar which is weighing on oil prices. Many energy traders remain fixated over the EU’s potential ban on Russian crude, which now seems to be losing momentum. The EU is struggling to get Hungary’s support, which could suggest this embargo won’t happen anyti

12-05-2022 15:14 GMT by Edward Moya

Oil jumps, gold under pressure

Oil markets remain volatile Oil prices spiked overnight, led by a combination of Shanghai reopening, potential gas supply disruption through Ukraine, Russian sanctions on EU energy entities and a plunge in gasoline inventories in the US. Brent crude rose 5.90% to USD 107.50, and WTI leapt 6.60% higher to USD 105.50 a barrel.

12-05-2022 04:40 GMT by Jeffrey Halley

Oil pullback ends, gold steadies

Oil Energy traders are bullish on oil prices again as China’s COVID situation shows signs of improving and after the dollar eased following a hot inflation report that did little to change short-term Fed rate hiking expectations. The oil market can’t justify oil prices below USD 100 given the potential shock that will occur once the EU is able to move forward with their ban on Russian crude.

11-05-2022 12:02 GMT by Edward Moya

Oil rallies, gold remains vulnerable

Oil higher while gas volatile amid Ukraine force majeure Oil prices are rallying on Wednesday after briefly dipping below USD 100. WTI fell back to around USD 98.20 before recovering to trade more than 3% higher on the day.

11-05-2022 09:10 GMT by Craig Erlam

Oil rebounds, gold trading sideways

Oil rallies in Asia Oil prices continued falling overnight as China slowdown nerves and increasingly, US recession fears weighed on prices. In Asia, we have seen a sharp bounce as energy markets price in most China stimulus after benign inflation data, with Ukraine gas disruption likely having a flow-through impact on oil prices. Overnight, Brent crude finished 3.55% lower at USD 101.50, and WTI closed 3.45% lower at USD 99.00 a barrel.

11-05-2022 05:23 GMT by Jeffrey Halley

US Close - Stock rebound in volatile trade, Crude prices crumble, Gold falls, Bitcoin follows Nasdaq rally

US stocks were all over the place as investors assess a wall of worry that include a weakening consumer, persistent supply chain issues, and growth concerns, while some investors think the selling of stocks is nearing the end. Billionaire hedge fund manager David Tepper noted that he covered his Nasdaq short and anticipates that 12,000 holds for the Nasdaq. The bond market selloff is clearly repositioning itself ahead of tomorrow’s inflation data as the 10-year Treasury yield is well below yest

10-05-2022 15:09 GMT by Edward Moya

Oil extends losses, gold under pressure

Oil slips closer to USD 100 Oil prices are slightly lower again today and not far from double-digit territory as traders grapple with the prospect of recessions and a tightening of Chinese restrictions. The unwillingness and, more accurately, inability of OPEC+ to turn the taps on more is keeping oil prices very elevated but at a little over USD 100, it's more comfortable than was looking probable at times over the last couple of months. The EU struggling to find a coordinated response on Russia

10-05-2022 09:20 GMT by Craig Erlam

Oil slides, gold range trades

Oil prices crushed overnight Oil prices fell heavily overnight as the Fed stability report highlighted recession risks for the US and other countries, and the China slowdown story gathered momentum. President Putin declining to declare an official war on Ukraine also removed a risk factor supporting prices.

10-05-2022 05:10 GMT by Jeffrey Halley

Crude prices tumble, gold vulnerable to more pain

Oil slides on China jitters Oil prices are dropping fast as crude demand destruction fears grow given China’s COVID situation and the de-risking event happening with US stocks. An imminent embargo on Russian energy seems unlikely as the EU continues to work on gaining Hungary’s approval.

09-05-2022 13:33 GMT by Edward Moya

Oil, gold looking for direction

Oil prices trade sideways Oil prices booked modest gains on Friday night after an on-target US Non-Farm Payroll release suggested that the US economy continues to perform well. Brent crude rose 1.86% to USD 113.05, and WTI rose by 1.80% to USD 110.50 a barrel.

09-05-2022 04:09 GMT by Jeffrey Halley

Week Ahead – Volatile Markets

Every asset class has been on a rollercoaster ride as investors are watching central bankers all around globe tighten monetary policy to fight inflation. Financial conditions are starting to tighten and the risks of slower growth are accelerating.

06-05-2022 19:11 GMT by Edward Moya

Market Insights Podcast (Episode 327)

Jonny Hart looks back on the week's business and markets news with OANDA Senior Market Analyst Ed Moya in New York. This week they discuss how financial markets reacted to another strong nonfarm payroll report, the FOMC decision, what happened in the oil market, and why cryptos crashed. They also discuss what the week ahead has in store for financial markets.

06-05-2022 17:42 GMT by Edward Moya

US Close: Another strong employment report, Wages growth slows, Stocks volatile, Oil rallies, Gold steadies

US stocks appear to be on a permanent rollercoaster ride as investors debate continued signs of a strong economy alongside rising rates, which remains a drag on higher valuation companies. For Wall Street to remain fully confident in piling back into stocks, inflation needs to be showing signs it is easing and that is not happening yet.

06-05-2022 16:15 GMT by Edward Moya

Oil trades sideways, gold pares gains

Oil prices trade sideways After initially leaping higher after the proposed EU ban on Russian oil was released, oil markets have spent the past two sessions consolidating those gains. Overnight, oil traded in a wide and choppy range, but ultimately, Brent crude finished just 0.80% higher at USD 110.95, and WTI rose 0.95% to USD 108.55 a barrel.

06-05-2022 03:47 GMT by Jeffrey Halley

Oil surges as EU nears Russian ban, gold gets groove back

Oil soars on EU oil sanctions, Fed Crude prices surged after EU outlined plans on phasing Russian oil and following the FOMC decision that signaled Wall Street has passed peak hawkishness. The oil market will remain tight going forward and now that a peak in the dollar is in place crude prices should have extra support here. The latest EIA crude oil inventory report posted a surprise build but energy traders fixated over the strategic petroleum reserves falling to the lowest levels in over two

05-05-2022 08:05 GMT by Edward Moya

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