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 trades sideways, gold edges higher

Oil markets continue to slumber Oil prices moved sideways once again overnight, trading in relatively narrow ranges as China growth fears cap the upside of prices, while the Ukraine conflict and the refined petroleum product supply squeeze in the US support the downside. Brent crude finished 0.70% higher overnight at USD 113.35 a barrel, with WTI unchanged at USD 110.55 a barrel. In Asia, downgraded China GDP growth forecasts and increasing worries about wider virus restrictions in Beijing has p

24-05-2022 05:12 GMT by Jeffrey Halley

US Close - Stocks rally on Biden's tariff comment, Euro rallies on Lagarde Hawkishness, Oil choppy, Gold rallies, Bitcoin struggles

US stocks are rallying over optimism that President Biden could be positioning for a major de-escalation in the US-China trade war and over selling exhaustion. After eight weeks of selling pressure for the Dow and a seven-week losing streak for both the S&P 500 and Nasdaq, a rebound was long overdue. Many are rationalizing today’s rebound with the logic that much more downside would only be warranted if a recession was likely to happen early next year and that won’t be determined for a few more

23-05-2022 16:08 GMT by Edward Moya

Oil steady, gold

Economic fears slow rally in oil Oil prices are only marginally higher at the start of the week as Europe's failure to agree on a ban on Russian oil and economic fears offset the Shanghai reopening. Hungary is still holding out against the deal but the bloc is confident that it will get over the line.

23-05-2022 13:22 GMT by Craig Erlam

Oil calm, gold rises

A quiet day for oil markets Oil prices edged higher on Friday in New York, as the persistent squeeze in refined petroleum products in the US, and ever-present Ukraine/Russia risk underpinned prices, with China slowdown and US recession noise limiting gains. Mind you, in one article I read this morning, China's recovery hopes were supporting oil while China's slowdown hopes were capping gains.

23-05-2022 05:56 GMT by Jeffrey Halley

Market Insights Podcast (Episode 331)

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 the S&P 500 index decline to bear market territory, the oil market, and if king dollar's reign is over. They also discuss what the week ahead has in store for financial markets.

20-05-2022 15:26 GMT by Edward Moya

US Close - S&P 500 enters bear market, Fading Rallies, Deere shares hit hard, Footlocker rallies, Oil rises, Gold steady, Bitcoin lower

At the beginning of the year, no one thought that the S&P 500 was headed to bear market territory, but persistent inflation, another Fed policy mistake, and recession fears have unnerved investors. The S&P 500 has lost over 20% of its value from the January high and it seems that that technical selling will only accelerate. The way macro backdrop is unfolding, it seems traders will continue to fade any rallies that emerge until the Fed starts to show signs that they are worried about financial

20-05-2022 15:21 GMT by Edward Moya

Gold - A sustainable rebound?

OANDA Senior Market Analyst Craig Erlam talks about why gold has rebounded in recent days and whether it can continue.

20-05-2022 09:22 GMT by Craig Erlam

Oil drifting, gold rises on recession fears

Oil flat but risks remain to the upside It's been another volatile week of trade in oil but Brent and WTI are set to end it roughly where they started. They're seeing small gains on the day but price action remains very choppy.

20-05-2022 08:40 GMT by Craig Erlam

US Close - Stocks near bear market, Oil higher on supply concerns, Gold pops, Bitcoin stabilizes

US stocks edged lower as Wall Street became more focused over a deteriorating growth outlook that could see stubbornly high pricing pressures for the Fed into a much more aggressive tightening cycle. It doesn’t seem like we will see a deceleration in pricing pressures and that has many traders worried that the Fed will send the economy into a recession. Right now markets are functioning properly but if we see another 5% decline with stocks, credit conditions will worsen and that could provide t

19-05-2022 15:52 GMT by Edward Moya

Gold - Back in favour?

Or just a blip? Gold has very much fallen out of favour over the last month as it fell 10% on the back of coming within a whisker of $2,000. But has something changed? We've seen plenty of risk aversion in the markets over the last 24 hours, with stock markets falling heavily, and rather than being particularly supportive for the dollar, it's gold that has performed well which hasn't really been the case in recent weeks. Perhaps that's because higher inflation and therefore interest rate expe

19-05-2022 11:26 GMT by Craig Erlam

Oil downturn continues, gold climbs

Oil slips as economic concerns weigh Those economic concerns are filtering through to the oil market which is seeing the third day of losses, down a little more than 1% today. We were bound to see some form of demand destruction if households continued to be squeezed from every angle and it seems we may be seeing that expectation weigh a little as we move into the end of the week. Meanwhile, China is reportedly looking to take advantage of discounted Russian crude to top up its reserves in a mov

19-05-2022 09:23 GMT by Craig Erlam

US Close - Stocks Crumble, Oil lower on demand concerns, Gold holding up, Bitcoin lower

US stocks are crumbling after Wall Street worries about economic growth after hearing a chorus of concerns of higher prices that won’t be easing anytime soon. The strength of the consumer will be tested as both Walmart and Target signal rising pricing pressures are not easing. The Dow Jones Industrial suffered its worst loss since 2020 as investors doubt the Fed will be able to deliver a soft landing as the inflation outlook might warrant much more aggressive tightening of monetary policy. The

18-05-2022 15:45 GMT by Edward Moya

Market Insights Podcast (Episode 330)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the latest inflation data, Jerome Powell's comments and oil.

18-05-2022 11:31 GMT by Craig Erlam

Oil rises as China reopens, gold unsteady

Oil higher as China starts reopening Oil prices are on the rise again as Shanghai takes a big step towards reopening following three days of no new cases in the broader community. Restrictions have been tight in many cities across China which have helped keep a lid on oil prices in this very tight market.

18-05-2022 09:31 GMT by Craig Erlam

Oil falls on Venezuala and EU, gold dips

Venezuela/Europe send oil lower Overnight, oil prices touched multi-week highs until the US announced it was starting a process, potentially leading to an easing of sanctions on Venezuela. That immediately saw oil reverse all its impressive intraday gains and both Brent crude and WTI finished slightly lower on the day.

18-05-2022 04:51 GMT by Jeffrey Halley

Asian equities are mostly higher

Asia markets ex-China show gains US equities rallied strongly overnight as US retail sales, industrial production, and manufacturing outperformed, while hawkish comments from Powell and former Chair Bernanke were ignored. The S&P 500 shot higher by 2.02%, the Nasdaq leapt 2.76%, and the Dow Jones gained 1.35%.

18-05-2022 04:15 GMT by Jeffrey Halley

Oil surges, gold stronger

Oil Crude prices initially surged as China’s fight against COVID appears to be headed in the right direction, but gave up a good amount of gains after US officials signaled that the strategy on Russian crude could switch from embargo to tariffs. If the West decides to slap tariffs on Russian crude instead of an embargo, that would keep supplies on the market, which should put a cap on the recent crude rally. The oil market remains tight but if the EU embraces the strategy of putting tarif

17-05-2022 10:45 GMT by Edward Moya

Oil moving higher, gold stable

Oil could go much higher Oil prices have hit their highest levels since early March as Europe continues to work towards a Russian embargo and China looks to ease Covid restrictions. The lockdowns have offset some of the concerns over supply disruptions amid Russian sanctions following the invasion of Ukraine.

17-05-2022 10:22 GMT by Craig Erlam

Oil has support, gold recovers

Oil prices remain firm Oil prices have remained near multi-week highs this week, supported by surging gasoline and distillate prices in the US, and fears around an EU ban on Russian oil imports remaining in play. If markets start pricing in peak-Shanghai-lockdowns, that will be an additional supportive tailwind for oil prices. Brent crude rose by 2.45% to USD 113.85 a barrel overnight, where it remains in subdued Asian trading.

17-05-2022 05:50 GMT by Jeffrey Halley

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

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