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 jumps on EU ban, gold rises after Fed

Oil prices leap on EU oil ban Oil prices leapt higher overnight as markets digested the impact of the proposed EU ban on Russian oil imports. Additionally, the OPEC+ JTC is indicating that there will be no change in the monthly schedule of production increases, with some members in fact noting that China's demand has slumped. Brent crude rose by 4.05% to USD 111.10 overnight, with WTI climbing by 3.90% to USD 107.55 a barrel.

05-05-2022 05:19 GMT by Jeffrey Halley

Oil and gold keep eye on FOMC meeting

Asian oil markets trade sideways ahead of the FOMC News that OPEC compliance had reached 164%, i.e., they can’t even pump the quotas they have agreed, failed to lift oil markets in Asia. Oil prices are almost unchanged thanks to a mainland China and Japan holiday today.

04-05-2022 03:36 GMT by Jeffrey Halley

Oil dips, gold rebounds

Oil Crude prices are declining as Beijing tightens up their Covid controls and as tanker-tracker data showed Russian crude flows increased. Energy traders are not convinced that the EU will be able to move forward with an embargo on Russian oil. Oil seems to have major support around the USD 100 level as OPEC+ seems poised to rubber-stamp next month’s output increase target that they probably won’t hit.

03-05-2022 14:20 GMT by Edward Moya

US Close - Stocks turn positive after bond market selloff overdone, Oil finds major support at $100 level, Gold pummeled, Bitcoin hovers

Wall Street still seems hesitant to ‘buy the dip’ after another round of soft economic data and on fears the market might not be pricing in enough Fed hawkishness. The bond market delivered another major move with the 10-year Treasury peaking just above the 3.00% level. The S&P 500 wasn’t ready to break the critical 4,000 level just yet, which could suggest stocks are ready for the typical consolidation that happens before a key Fed decision. Fed On Wednesday, the Fed will debate a 75-basis p

02-05-2022 16:45 GMT by Edward Moya

Market Insights Podcast (Episode 324)

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 the surprise contraction with first quarter US GDP, Apple and Amazon earnings, and oil markets, including Exxon and Chevron quarterly earnings reports. They also discuss what the week ahead has in store for financial markets.

29-04-2022 14:55 GMT by Edward Moya

US Close - Stocks tumble after massive tech earnings, Oil surges, Gold rebounds as dollar rally exhausted, Bitcoin struggles

US stocks did not stand a chance after mega-cap tech earnings disappointed and a record quarterly gain for Fed Chair Powell’s closely watched employment cost index. Rate hike bets continue to pile up ahead of next week’s FOMC decision. Surging wage pressures could be what is needed to make the Fed even more aggressive with tightening at the June and July Fed meetings. Tech Earnings Apple shares are under pressure as supply constraints could impact this quarter’s sales by up to $8 billion. I

29-04-2022 14:25 GMT by Edward Moya

Week Ahead - Unfashionably late

A blockbuster week in store in financial markets and one that begins with bank holiday's across various countries. Throw in Chinese PMI data over the weekend and it could be a lively start to trading on Monday.

29-04-2022 14:13 GMT by Craig Erlam

Gold - Plunges on stronger dollar

OANDA Senior Market Analyst Craig Erlam discusses gold's drop which came as the dollar continued to soar.

29-04-2022 10:18 GMT by Craig Erlam

Oil edges higher, gold vulnerable

Oil edges higher as EU moves closer to a Russian oil embargo It seems the EU is moving closer to an oil embargo which some may argue is overdue in light of Russia's aggression in Ukraine. Naturally, the devil will be in the detail but the moves we're seeing in crude prices suggest the small print won't live up to the headlines.

29-04-2022 08:13 GMT by Craig Erlam

Oil jumps on ban concerns, gold edges up

Europe/Russia oil ban fears lift oil prices Oil markets rallied overnight and are also having a “wax-on, wax-off” week as they are bounced between China slowdown fears, and European energy bans, be they Russia or European-derived. Overnight, it was the energy bans that won the day as reports emerged that Germany and Hungary had moved into the ban on Russian oil imports camp.

29-04-2022 03:48 GMT by Jeffrey Halley

US Close: Stocks rebound, US Economy Shrank in Q1, FX volatility surges, Oil rallies, Gold stabilizes

US stocks got a boost from strong earnings and mixed economic data that still suggests the economy is on solid footing as consumer demand continues to handle surging prices. Facebook, McDonalds, and Qualcomm all posted strong earnings that kickstarted today's rally.

28-04-2022 15:28 GMT by Edward Moya

Oil edges higher, gold steadies

Oil range tightening is perhaps a sign of a coming breakout Oil prices are edging higher on Thursday, continuing to recover from the lows earlier this week when Brent briefly breached USD 100 again. Ultimately, we're continuing to see consolidation in crude markets, with the range tightening and potentially setting us up for a volatile breakout in the coming weeks. The same factors remain at play here and could be the catalyst for an eventual breakout, be it further Chinese lockdowns, slow outpu

28-04-2022 13:32 GMT by Craig Erlam

Oil falls on rouble report, gold extends slide

Oil slides on rouble buying plan Oil markets were steady overnight as most of the news around the Russian gas ban on Poland and Bulgaria has been priced into the late New York session previously. In Asia, oil prices are sliding which I put down to a combination of two things.

28-04-2022 04:54 GMT by Jeffrey Halley

Oil eases, gold lower

Oil It was a busy day for energy traders after Germany signaled they were ready to support a gradual ban on Russian oil, the EIA crude oil inventory report posted a small crude build, and King Dollar continues to weigh on commodity prices. Too much to digest, but the key takeaway is that oil prices will likely remain above the USD 100 level as long the dollar doesn’t have another massive rally.

27-04-2022 13:57 GMT by Edward Moya

Oil falls, gold looks for direction

Oil prices slip even as gas prices soar Natural gas prices in Europe have understandably spiked in the aftermath of Russia's decision to cut off Poland and Bulgaria. Suddenly the market is forced to price in the Kremlin taking similar action against much larger customers, having decided that the threat of Europe imposing the embargo was low given certain resistance.

27-04-2022 11:05 GMT by Craig Erlam

Oil and gold look for direction

Oil trades sideways in Asia Oil markets reversed their losses from Monday overnight, rising after Russia announced natural gas export bans on Poland and Bulgaria from today unless they paid in roubles. Brent crude rose by 2.85% to USD 105.40, and WTI rallied by 3.10% to USD 101.60 a barrel.

27-04-2022 04:52 GMT by Jeffrey Halley

Jumpin’ Vlad Flash cuts his gas gas gas

Russian oil payment demands spooks the market The Ukraine/Russia conflict has suffered some headline fatigue of late, and more than a little complacency by the world’s financial markets, as China's slowdown fears grabbed centre-stage. With a nod to the Rolling Stones in the title of today’s newsletter, the economic ripples of the Ukraine conflict are back on the front pages.

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

Oil rebounds, gold tries to find support

Oil moves higher Oil is making a comeback as energy traders focus on tightness in the diesel markets and shift the focus back to Russian energy supplies and the rising danger of nuclear war in Ukraine. Earlier crude prices got a boost after China's PBOC stepped up efforts to calm markets and as energy traders await China's mass COVID testing results, which could lead to even more lockdowns. The oil market has priced in enough demand destruction from China and crude prices should start to find s

26-04-2022 14:17 GMT by Edward Moya

Oil rises, gold drops below USD 1900

Oil rises in Asia Oil markets were sold heavily overnight on the China risk-aversion trade, as growth fears fed through to lower oil demand calculations. Brent crude fell by 3.45% to USD 102.50 after testing and bouncing off the USD 100.00 a barrel region intraday.

26-04-2022 05:17 GMT by Jeffrey Halley

US Close: Stocks show resilience, Musk and Twitter have a deal, Oil’s demand problem, Gold’s danger zone, Bitcoin above $40k

US stocks were under pressure earlier as investors couldn’t quite summon up the courage to ‘buy the dip’ as global growth concerns were driven as China seems poised they won’t back away from their zero COVID strategy. With no more Fed speak until next week’s policy decision, the bond market selloff was ready for a pause.

25-04-2022 16:35 GMT by Edward Moya

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