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 rallies, gold turns positive

Oil Oil prices are rallying as the crude fundamentals continue to turn bullish, while uncertainty persists with how OPEC+ will handle Russia's output quota and if the group will be able to deliver more output in the coming months. Economic data from the US shows the economy is holding up, which supports the idea that crude demand should improve and that this will be a strong driving season. OPEC+ needs to figure out how they will handle Russia’s crude output quota, but regardless the group as

01-06-2022 14:11 GMT by Edward Moya

Oil rises on OPEC+, gold gains ground

Oil prices are rising on Wednesday, clawing back some of the losses from a day earlier that came following reports that OPEC+ is planning to suspend Russia from the quota system due to the sanctions against it and the EU embargo. The move could see output increase faster by other members that have the capacity to do so, most notably Saudi Arabia and the UAE, and alleviate some of the pressure in the oil market.

01-06-2022 13:53 GMT by Craig Erlam

Oil prices fall, gold under pressure

OPEC+ rumours sink crude prices The announcement of the partial EU ban on Russian crude imports was a mild tailwind yesterday, but by and large, looked to have been already priced into markets. What did surprise markets was a Wall Street Journal article suggesting that OPEC might exempt Russia from the production quota agreement at tomorrow’s OPEC+ meeting.

01-06-2022 03:45 GMT by Jeffrey Halley

Oil climbs, gold in choppy waters

Oil jumps again amid Shanghai reopening The price of a barrel of Brent crude hit USD 120 earlier in the day on the back of the EU deal, as well as the continued reopening of Shanghai and the better than expected Chinese PMIs. The gradual phasing in of the deal along with the exemptions included prevented the price from rising much higher but ultimately it further tightens a market that's already undersupplied. The reopenings in China are another major bullish factor for crude prices, for obvio

31-05-2022 16:11 GMT by Craig Erlam

OANDA - Stocks edge lower in volatile trade, AMC's strong open, Oil pares gain after OPEC signals willingness to pump more, Gold struggles as Global bond yields surge, Bitcoin stabilizes

US stocks declined as investors stared at an inflation wall of worry and uncertain Fed tightening path. Traders are still digesting Fed's Waller support of raising rates by a half point over several meetings.

31-05-2022 15:53 GMT by Edward Moya

Crude rises on EU oil ban, gold steady

Europe's ban on Russian oil sends black gold higher The announcement that a partial EU ban on Russian oil imports has made it over the finish line sent oil prices higher overnight. Recovering PMI data from China today, and by default recovering energy consumption, has seen the rally continue in Asia.

31-05-2022 04:15 GMT by Jeffrey Halley

Oil extends gains

Oil prices rally Oil prices are continuing to edge higher as China further eases lockdown restrictions in Shanghai. The lockdowns in China have countered some of the supply shortages in recent months and stopped oil prices from rising too far but with restrictions lifting and the EU closing in on a Russian import ban, we could see Brent back at the early March highs.

30-05-2022 12:24 GMT by Craig Erlam

Oil rises, gold trading sideways

Brent crude rises above USD 120.00 The disconnect between energy prices and optimism in equity markets continues today in Asia. On Friday, oil prices surged once again, driven by an unrelenting squeeze on refined products, notably diesel and gasoline, globally, with the US driving season about to begin in earnest.

30-05-2022 05:32 GMT by Jeffrey Halley

Market Insights Podcast (Episode 335)

Jonny Hart speaks to APAC Senior Market Analyst Jeffrey Halley about news impacting the market and the week ahead. It's June already and a blockbuster week for data releases around the world. First of all, we take a look back at last Friday's impressive US equity close.

30-05-2022 03:09 GMT by Jeffrey Halley

Back to winning ways

How sustainable is it? Another positive session in equity markets as bargain hunters are tempted back in to cap off the first winning week in eight in the US. It's been a rough ride and despite this week's performance, there could still be more pain to come. But at these levels, it's only natural that the vultures are circling.

27-05-2022 17:19 GMT by Craig Erlam

Market Insights Podcast (Episode 334)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the latest moves in stocks and oil, as well as the cost-of-living crisis in the UK.

27-05-2022 16:17 GMT by Craig Erlam

Oil rallies, gold trades sideways

Oil rallies sharply Oil prices rallied sharply overnight as markets continued to fret over tight US galena and diesel supplies ahead of the summer driving season. News that President Biden is investigating restarting mothballed US refineries had zero impact on markets.

27-05-2022 06:25 GMT by Jeffrey Halley

Oil higher, gold softens

Oil Crude prices rose as a tight oil market was going to remain in place given the start of the summer driving season was going to keep a downward trajectory for US stockpiles. The EU is struggling to get Hungary on board for the required unanimous support needed for a ban on Russian oil. It still seems possible for the ban to get pushed through, but Hungary will need to have favorable terms. The gains for crude were limited as China’s Premier Li Keqiang delivered a downbeat outlook given the

26-05-2022 11:16 GMT by Edward Moya

Oil steady, gold dips as US dollar rises

Oil markets slumber Oil prices had another comatose session by their standards, barely rising from the day before. Nevertheless, both Brent crude and WTI have held on to all their recent gains, suggesting the weaker side is the upside in prices for now.

26-05-2022 06:13 GMT by Jeffrey Halley

Oil higher, gold pares losses after minutes

Oil Crude prices were little changed after the EIA crude oil inventory report showed stockpiles are declining again as refiner activity picked up. The Strategic Petroleum Reserve saw a big draw of 6 million barrels, with crude stocks now at the lowest levels in over thirty years.

25-05-2022 16:14 GMT by Edward Moya

Fed minutes confirm half-point hike expectations for next 2 meetings, another round of soft US data, RBNZ hikes again, bitcoin stuck below USD 30k

US stocks edged higher as investors anticipate a quickly weakening economy will force the Fed into tapping the breaks with their tightening cycle. The FOMC minutes are over three weeks old, but they did give a glimmer of hope that they could adjust their policy tightening stance later in the year. The Fed mostly sees 50 basis point increases appropriate at the next couple of meetings as they are behind the curve with fighting inflation. The Fed is optimistic about the economy, but they are

25-05-2022 16:11 GMT by Edward Moya

Oil consolidates, gold dips ahead of FOMC

Risks remain tilted to the upside in oil Oil prices are continuing to consolidate around the upper end of their trading range over the last couple of months. Concerns about Covid cases in Beijing and global growth are continuing to prevent a much larger rally in oil prices as a result of the undersupply in the market, a potential EU ban on Russian imports and the reopening in Shanghai. We're seeing gains again today of around 1% but these are still relatively small and represent a slowing of mom

25-05-2022 11:15 GMT by Craig Erlam

Oil and gold head higher

White House unnerves oil markets Oil prices continued to range trade overnight, finishing almost unchanged in New York. Asia, though, has seen both Brent crude and WTI rise.

25-05-2022 05:33 GMT by Jeffrey Halley

Oil rangebound, gold shines

Oil looking for direction Oil prices remain directionless as energy traders try to assess how significant the deceleration in economic activity will be for the short-term crude demand outlook. The oil market remains tight but the COVID situation in China points to a gradual pickup in demand and that might keep this market rangebound a while longer. Saudi Prince Faisal bin Farhan noted that the kingdom has done what it can for global oil markets and that should mean production increases will rema

24-05-2022 12:11 GMT by Edward Moya

Oil drifting, gold edges higher

Oil rally stalls Oil prices are relatively flat on Tuesday as global economic fears and the prospect of tighter restrictions in Beijing take some of the heat out of the rally. Brent and WTI are trading right at the upper end of the range they've been within the last couple of months, with tight supplies, easing restrictions in Shanghai and a potential EU ban on Russian oil imports driving the price higher. As has been the case for months now, there are so many countering forces in the market tha

24-05-2022 07:42 GMT by Craig Erlam

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