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.

Market Insights Podcast (Episode 344)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss Jerome Powell's comments in Congress, UK inflation, the CBRT rate decision and the latest gas situation in Europe.

23-06-2022 11:52 GMT by Craig Erlam

Oil falls, gold continues range-trade

Oil prices edge lower in Asia Oil prices tumbled in Asia yesterday morning but managed to recover some of their losses throughout the rest of the day. Nevertheless, oil still recorded a substantial loss for the session.

23-06-2022 05:30 GMT by Jeffrey Halley

Oil crushed on recession fears, gold steadies

Oil pares losses after Powell testimony Oil volatility will remain elevated now that opposing opinions are emerging on where prices will finish the year. Oil prices are under pressure as global recession fears accelerated crude demand destruction calls. Inflation and growth concerns won’t be improving anytime soon and that has all the short-term drivers turning negative for the crude demand outlook. Citigroup's Morse is expecting oil to fall to the USD 80s by the fourth quarter, while Goldma

22-06-2022 13:24 GMT by Edward Moya

Oil retreats, gold stuck in range

Are we seeing a recession being priced into oil markets? Is oil prices getting whacked the clearest sign yet of recession fears spreading across financial markets? With equity markets, it's been a death by a thousand cuts, as inflation panic has morphed into tightening and growth fears and finally the reality of a recession.

22-06-2022 10:13 GMT by Craig Erlam

Oil pares gains, gold range trades

Oil prices slump in Asia Oil prices probed the topside intraday overnight but gave back those gains with Brent crude almost unchanged at USD 114.60 a barrel, and WTI edging 0.55% lower to USD 109.65 a barrel. In Asia, both contracts have slumped, with WTI notably, falling through longer-term support.

22-06-2022 04:57 GMT by Jeffrey Halley

Oil rebounds, gold struggles

Oil rallies on tight supplies Oil prices are rallying as last week’s selloff was overdone given how the short-term crude demand outlook remains for the US and China. The oil market remains too tight over the short-term and rising expectations over tougher sanctions with Russian crude should keep demand especially strong here. Energy traders saw oil prices slide almost 15% in just a week, despite a very tight market. The paid-for crude prices wasn’t justified and more of a reflection of the r

21-06-2022 14:06 GMT by Edward Moya

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

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