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.

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

Oil well supported, gold dips

Hard to make a bearish case for oil Oil prices are continuing to rise at the end of the week, as extreme tightness in the market was compounded by the US driving season, Norwegian oil strikes this weekend and a near-fatal blow to the Iranian nuclear deal. The gains could have been more significant if not for a setback in the reopening of Shanghai as fresh restrictions and mass testing were undertaken. It's hard to make a bearish case for oil prices at the minute and OPEC+ has shown itself incapa

10-06-2022 09:35 GMT by Craig Erlam

Oil dips on China concerns, gold range-bound

Oil eases in Asia on China fears Oil prices consolidated their recent gains overnight, with Brent crude edging 0.70% lower to USD 122.85, and WTI easing by 0.80% to USD 121.45 a barrel. Oil has continued retreating in Asia, driven by China slowdown fears after widened Covid mass testing was announced for Shanghai this weekend.

10-06-2022 03:47 GMT by Jeffrey Halley

Oil dips on China lockdowns and stagflation risks, gold hovers

Crude prices softened as stagflation risks have risen for the US and as China’s reopening hits a major roadblock as Shanghai is expected to lock down seven districts this weekend. The oil market remains very tight, but the short-term crude demand outlook took a bit of a hit today. Whatever weakness emerges for crude will likely be short-lived as this will be one of the busiest driving seasons ever. The pent-up demand for vacation and travel will be front-loaded and demand for crude will be r

09-06-2022 14:37 GMT by Edward Moya

Oil prices steady, gold in choppy waters

Oil steady as fresh Shanghai restrictions halt rally Oil prices are steady on Thursday after surging once more in recent days. Fresh restrictions in Shanghai may be behind the rally losing steam, with China's Covid-zero strategy the primary downside risk as far as crude is currently concerned.

09-06-2022 11:37 GMT by Craig Erlam

Oil rises on UAE warning, gold stuck

UAE Oil Minister lifts oil prices Oil prices shot higher overnight with the UAE oil minister warning that China’s reopening and the inability of OPEC+ members to pump at production targets posed more upside risks to oil prices. Tensions around Iran’s nuclear programme also diminished hopes of more Iranian crude on international markets.

09-06-2022 04:46 GMT by Jeffrey Halley

Nothing slowing down oil's rally, gold rallies

Oil rallies on tight market Crude prices are rallying despite a small inventory build as energy traders see no end in sight as to how tight the oil market will remain. Oil has been on a tear and growing fears of economic weakness have yet to slow down the rally with prices. The EIA reported a build of 2 million barrels for the week to June 3rd, analysts expected a draw of 2.3 million barrels. Refiners are processing at levels not seen before the pandemic, which suggests the short-term cr

08-06-2022 14:32 GMT by Edward Moya

Oil edges higher, gold range-bound

Oil higher despite surprise inventory build Oil prices are edging higher once more even as the EIA reported a surprise increase in inventories last week. The market remains extremely tight and that is keeping the upward pressure on crude prices.

08-06-2022 14:10 GMT by Craig Erlam

Oil edges higher, gold directionless

Oil is steady in Asia Oil prices rose slightly overnight as tight refined supplies persist in the US, and industrial action in Norway and a shutting down of a Libyan oil field continued supporting prices at recent highs. Brent crude finished 0.75% higher at USD 120.75 a barrel, and WTI rose 0.30% to USD 119.75 a barrel.

08-06-2022 05:20 GMT by Jeffrey Halley

Oil volatile, gold rallies

Oil Initially crude prices were unable to hold onto early gains after the EIA short-term energy outlook trimmed their demand outlook for gasoline and distillates. Earlier, oil was rallying after a couple bullish calls from Goldman Sachs and Morgan Stanley.

07-06-2022 15:34 GMT by Edward Moya

Oil clutching to US 120, gold drifting

Oil struggling to hold above USD 120 Oil is continuing to struggle around USD 120 on Tuesday, with Brent and WTI very slightly lower. We've seen USD 120 broken on a few occasions over the last week but each time it's been quickly repelled in a sign of momentum starting to run a little thin.

07-06-2022 09:38 GMT by Craig Erlam

Oil steady, gold range-trades

Oil is steady in Asia Oil’s intraday gains overnight were pared back in New York as US yields and the US dollar climbed, leaving both Brent crude and WTI slightly lower for the session. Brent crude finished 1.05% lower at USD 119.95 a barrel, and WTI finished 1.10% lower at USD 119.00 a barrel.

07-06-2022 05:21 GMT by Jeffrey Halley

Oil edges lower, gold stable

Oil pares gains as China continues reopening Oil prices are slipping a little on Monday after stalling just above USD 120 a barrel. Clearly, traders were not overly impressed by the OPEC+ output hike last week once the details of the deal were released.

06-06-2022 13:23 GMT by Craig Erlam

Oil edges lower, gold steady

Oil is steady in Asia as Saudi Arabia hikes prices Oil prices ignored Fed tightening nerves after the US data, rallying strongly with the relaxing of China Covid curbs, with its ensuing return of oil demand, the story driving oil markets. Brent crude rose 2.70% to USD 121.25 a barrel, with WTI rising 2.35% to USD 120.35 a barrel.

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

Market Insights Podcast (Episode 337)

Jonny Hart speaks to APAC Senior Market Analyst Jeffrey Halley about news impacting the market and the week ahead. With Jonny returning from a four day holiday to celebrate Her Majesty's platinum jubilee, it's time to look at the week ahead for financial markets. First of all, though, we glance back to the market reaction to last Friday's US Non-Farm Payrolls.

06-06-2022 02:48 GMT by Jeffrey Halley

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