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.

Mid-Market Update: Stocks fragile rebound, crude stabilizes, gold bounce, bitcoin above $20k

After stocks fell to the lowest levels since 2020, Wall Street called a timeout to the massive rout that has many traders fearing central banks worldwide will trigger severe recessions. The latest round of Fed speak provide some optimism that the Fed is getting close to finishing up this rate-hiking cycle. Fed’s Evan said it will be appropriate to slow the pace of rate hikes at some point, while Bullard noted that US rates have arguably moved into restrictive territory. Today’s stock market

27-09-2022 11:11 GMT by Edward Moya

Gold and oil rebound, bitcoin above $20,000

Oil pares losses ahead of next week's OPEC+ meeting Oil prices are recovering following the sell-off over the last couple of sessions. The prospect of a deeper economic slowdown, perhaps even global recession, has naturally turned traders more bearish on the price of oil as demand would naturally slump in those circumstances relative to prior expectations. Of course, there is another side to that equation, supply.

27-09-2022 06:43 GMT by Craig Erlam

Oil and gold slide, bitcoin resilient

Oil slips further amid economic concerns Economic woes continue to weigh on oil prices, with Brent and WTI off around 1% again today and trading at pre-invasion levels. With more and more central banks being forced to take extraordinary measures no matter the cost to the economy, demand is going to take a hit which could help rebalance the oil market. Of course, OPEC+ has made its position on this perfectly clear and should it wait until the next scheduled meeting on 5 October, I expect there'

26-09-2022 12:16 GMT by Craig Erlam

US Close - Unsettling volatility, stocks crushed, GBP plunges, oil tanks, gold gutted, bitcoin lower

Unsettling market volatility is going to be here for a while as Wall Street broadly downgrades their end of year S&P 500 targets. The bond market is telling us they firmly believe Fed Chair Powell has rolled up his sleeves and is ready for this fight with inflation to get ugly.

23-09-2022 14:22 GMT by Edward Moya

Oil drifting, gold in choppy waters

Oil drifts lower amid recession risk The threat of a global recession continues to weigh on oil prices, with widespread monetary tightening over the last couple of days fueling fears of a significant hit to growth. Central banks now appear to accept that a recession is the price to pay for getting a grip on inflation, which could weigh on demand next year. At the same time, the market still remains tight and OPEC+ is perfectly willing to restrict supply further even as it fails to deliver on quo

23-09-2022 05:01 GMT by Craig Erlam

Oil rises, gold vs rising real yields

Oil Crude prices remain volatile as energy traders grapple with a deteriorating demand outlook that is still vulnerable to shortages. Supply risks and tight market conditions should give oil some support above the $80 level, but a quicker tumble to a global recession will keep prices heavy. Oil pared gains after eurozone consumer sentiment plunged to a record low as the energy crisis and aggressive central bank tightening is killing economic growth prospects.

22-09-2022 13:50 GMT by Edward Moya

Oil rises on Putin threat, gold choppy

Oil rises amid more nuclear threats Oil prices are rising again on Thursday after giving up initial gains a day earlier. Nuclear threats are increasingly becoming the norm from the Kremlin but energy prices remain very sensitive to them.

22-09-2022 09:16 GMT by Craig Erlam

Oil’s wild ride, gold finds a bottom

Oil goes on rollercoaster ride Oil prices went on a rollercoaster as energy traders watched President Putin escalate the war in Ukraine and as the EIA report signals some crude demand weakness. The EIA crude oil inventory report was a lot to process, but it really didn’t deliver that many surprises: Production remains steady at 12.1 million b/d, which is impressive considering oil rig counts have been declining, Imports from Canada are roaring back and that should help restore stockpiles, Jet

21-09-2022 15:35 GMT by Edward Moya

Oil jumps on Putin comments, gold eyes Fed

Energy spikes after Putin's announcement The successful Ukrainian counter-offensive in the east appears to have triggered an act of desperation by the Kremlin with this morning's announcement by Vladimir Putin confirming what had been rumoured on Tuesday. "Referendums" will now take place in various Russian-controlled territories and a partial mobilisation of troops will strengthen the country's numbers after recent setbacks. The decision has caused a stir in energy markets, with oil trading aro

21-09-2022 09:29 GMT by Craig Erlam

Oil lower, gold stumbles

Oil Oil prices are lower as energy traders await a wrath of central bank decisions that will trigger mid-cycle slowdowns that will cripple the short-term crude demand outlook. Commodities are broadly weaker as this week is all about the aggressive monetary policy tightening to combat inflation. OPEC+ may have a strong case to lower output after this week’s central bank decisions. A global economic slowdown is here and unless the oil market sees some surprise disruptions or broader market rally

20-09-2022 12:37 GMT by Edward Moya

Oil rebounds, gold eyes central banks

Oil prices bounced back well at the start of the week, as choppy trading conditions were seen across various asset classes. Brent is trading back around $90 a barrel after briefly dipping back towards the lows of the last six months where we continue to see substantial support. OPEC+ fell short of its output target by 3.583 million barrels per day in August in a further reminder to the markets of the tight conditions we continue to operate within.

20-09-2022 03:34 GMT by Craig Erlam

Oil, gold under pressure from central banks

Oil Crude prices were under pressure as fears of an aggressive central bank tightening are driving concerns for a quickly weakening global economy and as the UAE plans to increase oil output. The global economy is slowing and that has been troubling for the crude demand outlook. Oil pared losses as Wall Street saw a broad reversal at the NY open. While pessimism remains elevated for global growth, extreme positioning before the Fed seems unlikely. Gold Gold is breaking as surging real rate

19-09-2022 12:37 GMT by Edward Moya

Oil steadies, gold plunge, bitcoin under pressure

OPEC+ threats lending support It's been another volatile week for oil prices, with global growth fears dampening the demand outlook but OPEC+ sitting in the background ready to respond if prices drop too far. Brent crude remains above $90 at the moment which may stop the alliance from calling one of the emergency meetings it warned of but if growth fears continue to rise, that may change.

16-09-2022 17:35 GMT by Craig Erlam

US Close: Stocks remain in doom and gloom mode after FedEx Warning, Oil's bad week, Gold steadies, Bitcoin follows equities lower

US stocks were dealt another blow after FedEx warned that the economy was about to enter a ‘worldwide recession.’ Wall Street was already nervous that the Fed’s inflation fighting mission was going to trigger a recession, but now it seems corporate America is already showing signs that the economy is slowing. FedEx FedEx shares plunged the most in forty years after they had withdrawn their guidance. A weakening economy and rising competition from Amazon complicate how FedEx will perform this

16-09-2022 14:46 GMT by Edward Moya

Crude lower, gold pummeled

Oil falls as US economy slows Crude prices got knocked again as demand fears intensified after a wrath of economic data shows the US economy is slowing down. Oil fundamentals are still mostly bearish as China’s demand outlook remains a big question mark and as the inflation fighting Fed seems poised to weaken the US economy. The US Department of Energy also clarified that the restocking of the Strategic Petroleum Reserve (SPR) won’t happen due to prices falling at a certain level and that th

15-09-2022 15:33 GMT by Edward Moya

Oil steady, gold vulnerable

Oil steady after inventory data Oil prices have steadied a little after rebounding strongly this past week. There are many forces dictating the price action in oil markets right now, with economic uncertainty right up there alongside a potentially unpredictable OPEC+.

15-09-2022 04:10 GMT by Craig Erlam

Oil rallies as Chengdu eases lockdowns, gold weakness continues

Oil rebounds as China relaxes Covid restrictions Oil is rebounding as China begins to ease some of their COVID lockdowns. The next major move in crude was always going to be triggered by the world’s biggest oil consumer and the loosening of lockdown restrictions should put a firm bottom in place. In addition to Chengdu’s easing of COVID restrictions, the White House is debating when they should refill the Strategic Petroleum Reserve (SPR). Crude prices seem poised to rally further now that

14-09-2022 15:42 GMT by Edward Moya

Oil outlook uncertain, gold under pressure

A still uncertain outlook for oil demand Oil prices suffered alongside risk assets on Tuesday, albeit to a much lesser extent, with the threat to the US economy of much higher interest rates a downside risk. Of course, it's yet another risk that I'm sure OPEC+ will be keen to stress it would adapt to in its desperation to ease market volatility and keep prices high. The oil price is a little higher after the IEA monthly report which claimed oil use for power generation will hit 700,000 barrels p

14-09-2022 08:08 GMT by Craig Erlam

Oil fundamentals remain intact, gold shines

Oil prices rise Crude prices are rising as the dollar weakens and prospects of an Iran nuclear deal revival fade away. Risk appetite is back and that is mainly due to the falling dollar, which is adding fuel to the rally in crude.

13-09-2022 14:42 GMT by Edward Moya

Market Insights Podcast (Episode 374)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the UK economy, US inflation, Japanese Yen and Oil.

13-09-2022 07:26 GMT by Craig Erlam

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