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.

Market Insights Podcast (Episode 316)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. And in a special episode of the Market Insights podcast, we speak to OANDA General Counsel Lisa Shemie who joins us from New York to talk about some of the legal aspects of the FX sector. Lisa talked about her career trajectory leading up to her joining OANDA late last year, and discussed some issues relating to the FX markets and emerging regulatory issues. She touched on the FX Global Code, some differenc

05-04-2022 13:04 GMT by Craig Erlam

Oil rises on sanctions talk, gold steady

Oil prices higher on European sanctions fears Oil prices started rallying in Asia yesterday after Europe indicated tighter sanctions on Russia. Fears mounting that Europe would finally target the Russian energy sector, further squeezing supplies.

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

Oil stabilises, gold looks for direction

Oil steadies as IEA prepares details of reserve release Oil prices have pulled back considerably since peaking last month in the early days of the invasion. Declines over the last couple of weeks have been aided by lockdowns in China and a massive SPR release by the IEA, the details of which should become known early this week. The US has already made its contribution known which will go some way to easing the tightness in the market and supply shock from Russia, where sanctions are biting.

04-04-2022 09:26 GMT by Craig Erlam

Oil eases, gold falls as dollar rises

Oil slightly softer in Asia Oil prices eased slightly on Friday, robust US data and weekend risk supporting prices, while US SPR releases as well as yet to be determined ones from other IEA members capped gains. A UN-brokered two-month ceasefire between Saudi Arabia and Yemen’s Houthi rebels has had no noticeable impact on prices today. The China holiday is definitely muting trading volumes in Asia today, leaving Brent crude unchanged at USD 104.50, and WTI unchanged at USD 99.35.

04-04-2022 04:22 GMT by Jeffrey Halley

Market Insights Podcast (Episode 315)

Jonny Hart speaks to APAC Senior Market Analyst Jeffrey Halley about news impacting the market and the week ahead. In this episode, mainland China is on holiday today, muting activity across Asia. However, audit news from China at the weekend has lifted Hong Kong tech stocks.

04-04-2022 03:39 GMT by Jeffrey Halley

Market Insights Podcast (Episode 314)

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 latest nonfarm payrolls report, recapped the first quarter performance in equities and discussed cryptocurrencies. They also discuss what the week ahead has in store for financial markets.

01-04-2022 13:53 GMT by Edward Moya

Commodities and Cryptos: Oil pares losses, Gold struggles, Bitcoin steady

Oil Crude prices pared losses after a strong labor market showed consumer pocketbooks are growing and remote work is declining. Earlier, WTI crude tumbled below the $100 level as energy traders digested the Biden administration’s third time of tapping the SPR, no surprises from an OPEC+ meeting on output and as Saudi Arabia oil shipments dipped in March. The knee-jerk selloff from the SPR announcement of the release of 1-million barrels a day from the SPR over the next six months won’t have a

01-04-2022 10:40 GMT by Edward Moya

Oil falls on SPR, gold dips after NFP

Oil falls below USD 100 on SPR release Oil prices are continuing to fall today, as we await an announcement from IEA regarding the coordinated SPR release following President Biden's decision this week. Unlike on the previous two occasions, markets have responded favourably to the latest release, which is by far the largest ever from US reserves.

01-04-2022 09:24 GMT by Craig Erlam

Oil edges lower, gold trades sideways

Oil is slightly softer in Asia Oil prices fell in Asia yesterday after the Biden SPR release story started circulating. That was confirmed overnight, with 1 million bpds for the next 180 days to be released.

01-04-2022 03:04 GMT by Jeffrey Halley

Oil pares losses post OPEC+, gold rallies on Putin gas threat

Crude prices pared losses after OPEC+ decided “to stay the course” and maintained the gradual output increase strategy. Oil was down earlier after reports that the Biden administration was considering a record reserve release of up to 180 million barrels from the country’s strategic petroleum reserve (SPR).

31-03-2022 12:38 GMT by Edward Moya

Oil slumps on SPR report, gold consolidates

Oil slides as IEA steps in amid OPEC+ inaction Oil prices are falling heavily on the back of reports the US is poised to announce a substantial draw on the SPR. The withdrawal dwarfs previous moves by the administration, equating to one million barrels per day and 180 million overall, around a third of total reserves.

31-03-2022 09:07 GMT by Craig Erlam

Oil slides on SPR, gold drifting

Oil tumbles on Biden SPR hopes Oil prices moved sideways overnight, Brent crude rising just 1.25% to USD 112.60, and WTI rising 2.25% to USD 107.45 a barrel. Both contracts modestly unwound the Ukraine knee jerk trade yesterday. In Asia, oil prices have slumped as stories started circulating that US President Biden will announce a multi-month SPR release today that could total 180 million barrels, with suggestions that other IEA members could join in a reserve release after their meeting on Fr

31-03-2022 04:29 GMT by Jeffrey Halley

US Close: Stocks edge lower, ADP in-line, Oil pares gains as gas demand continues to fall, Gold rallies as de-escalation optimism fades, Bitcoin hovers

US stocks declined as investors watched March inflation skyrocket in Europe, while waiting for any progress towards a Russia-Ukraine ceasefire deal. Stocks are going to have trouble rallying as geopolitics and inflation risks won't be going away anytime soon.

30-03-2022 15:52 GMT by Edward Moya

Market Insights Podcast (Episode 313)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the latest on the markets in light of progress in Ukraine/Russia talks and the upcoming OPEC+ meeting.

30-03-2022 11:54 GMT by Craig Erlam

Oil rebounds, gold stabilizes

Oil recovers ahead of OPEC+ meeting Oil prices are heading higher once more on Wednesday as the prospect of a ceasefire being close quickly faded and the economic war between Russia and its "unfriendly" trading partners ramped up. The Kremlin's decision to demand gas payments in roubles and threaten similar actions on other commodities that its trading partners rely upon risks stoking shortages and recessions. There's seemingly no end in sight for the increasingly tight oil market and should R

30-03-2022 08:39 GMT by Craig Erlam

Oil and gold pare losses

Lots of noise, little substance for oil Oil prices did the Neville Chamberlain's “peace in our time” gag reflex overnight after Russia’s “reduced operations” comments. Oil prices traded in a 10-dollar range and initially tumbled after the announcement, Brent crude touching USD 105.00, and WTI USD 98.50 a barrel.

30-03-2022 04:19 GMT by Jeffrey Halley

Oil tumbles, gold pares losses

Oil Crude prices pared losses after a pivotal round of Russia-Ukraine peace talks did not lead to a ceasefire. Initially, oil had a precipitous fall after Moscow said they would reduce military presence near Kyiv.

29-03-2022 16:19 GMT by Edward Moya

Oil edges higher, gold eases

Oil higher as political OPEC+ prepares to continue gradual output increases Oil prices are a little higher today, slightly paring heavy losses on Monday sustained on the back of intensifying lockdowns in China as the government has enacted harsh measures to contain the Covid outbreak. The country remains committed to its zero-Covid policy which will ultimately weigh on crude demand in the near term.

29-03-2022 08:46 GMT by Craig Erlam

Oil sinks on China concerns, gold tumbles

China worries push oil lower An already nervous oil market saw prices slump overnight as a lack of two-way liquidity in futures markets exacerbated China’s consumption outlook as the lockdown of Shanghai was tightened. Brent crude fell by 8.20% to USD 109.50, while WTI fell by 8.15% to USD 103.45 a barrel.

29-03-2022 04:45 GMT by Jeffrey Halley

US Close: Wild start on Wall Street, Biden’s Tax Fantasy, Apple’s Warning, China Lockdowns send oil lower, King Dollar sends gold lower, Bitcoin breakout

It’s been a bumpy start to the trading week as bond yields remain elevated as inflation fears continue to chip away whatever solid footing remains for the US economy. It is not 1970s style inflation yet, but eventually risk appetite will struggle as the robust consumer demand softens. Stocks have been resilient and have been somewhat supported on hopes that both the war in Ukraine won’t be a long one and that a lot of the inflation we are currently seeing will ease in the second half of the yea

28-03-2022 17:57 GMT by Edward Moya

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