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.

Week Ahead - ECB to set up a July hike and US inflation nears peak

A strong nonfarm payroll report means that the Fed won’t be pausing their interest rate hiking campaign anytime soon. The May employment report was impressive, but it will likely be the last strong one we will see in a while.

03-06-2022 14:11 GMT by Edward Moya

Gloominess persists after Robust Jobs report and Musk’s Super Bad Feeling, Oil's strong week , Gold eases, Bitcoin below $30,000

Robust hiring in May pretty much guarantees the Fed will move forward with a couple half-point rate hikes at the next two meetings. US stocks edged lower as the latest employment report showed slower job growth and potentially softening inflation, but still keeps the door open for the Fed to continue with its rate hiking campaign well beyond the summer.

03-06-2022 11:20 GMT by Edward Moya

Oil rebounds, gold rises

Oil stages spectacular reversal higher A disappointing outcome from the OPEC+ meeting (for consumer nations), saw oil’s selloff in Asia yesterday completely reversed plus interest. Markets were disappointed when OPEC+ only agreed to hike production to 650,000 bpd for the next two months, instead of more structural increases from OPEC to cover the Russian shortfall.

03-06-2022 04:23 GMT by Jeffrey Halley

Dude, where’s my oil?

OPEC+ agrees to increase output The most anticipated OPEC+ meeting of the year turned out to be a damp squib in the end. OPEC+ agreed to increase output in July and August to 648,000 bpd from the previously agreed 432,000 bpd, with the increased allocation spread across all its members, including, you guessed it, Russia.

03-06-2022 03:56 GMT by Jeffrey Halley

Oil surges after modest OPEC+ boost and bullish EIA report, gold surges

Oil The Saudis pulled it off again. They managed to keep both the Russians and Americans somewhat happy, while boosting production targets without triggering a collapse in oil prices. The oil market will still remain tight given the production boost is modest at best. Hikes for both July and August will be 50% higher at 648,000 bpd.

02-06-2022 16:12 GMT by Edward Moya

Oil slides on OPEC+ report, gold steady

Oil sinks in Asia on FT/OPEC+ story Oil prices have fallen in Asia today after the Financial Times ran a story that Saudi Arabia has indicated to western allies that it could raise oil production if Russian output fell substantially. Overnight, oil gave back all its gains after a WSJ story released yesterday morning suggested that OPEC+ might exempt Russia from its production quotas. Taken in totality, today's OPEC+ meeting is assuming far greater importance for global markets than the US Non-Fa

02-06-2022 04:59 GMT by Jeffrey Halley

Gold - Gathering momentum?

Or a failed recovery? Gold fell heavily between the middle of April and May but then started to recover as interest rate expectations were pared back. How sustainable is the recovery? It ran into trouble quite quickly around $1,870, at which point it struggled to gather any upward momentum.

01-06-2022 20:02 GMT by Craig Erlam

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

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