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 dips lower, gold tries to solidify

Oil prices ease in Asia Brent crude and WTI had another choppy intra-day session on Friday, but like currency markets, closed almost unchanged as the dust settled on the day. Futures markets remain deeply in backwardation, suggesting that in the real world, prompt supplies are as tight as ever, however rising recession fears globally do suggest that gains are likely to be limited in the shorter-term, geopolitics aside.

25-07-2022 06:50 GMT by Jeffrey Halley

FOMC week finally

Will FOMC opt for 75bp hike? This month has dragged on and seems to be lasting forever. One reason could be that it is my last full month as a keyboard warrior, toiling as the voice of reason as I try to make sense of the nonsense in the financial markets.

25-07-2022 04:21 GMT by Jeffrey Halley

Mid-Market Update: Global PMIs collapse, Relief Rally will be tested next week, Mixed Earnings, Oil finds support, Gold shines, Bitcoin steadies

US stocks are under pressure as recession fears run wild as business activity contracts and the labor market shows signs of weakness. Wall Street is seeing mixed earnings as social media companies are seeing softer advertising revenues, the US consumer is struggling to pay their phone bills, while American Express says their premium customers are more resilient to inflation. The US consumer is quickly weakening and if the job market cools quickly, the market will start to fear a recession coul

22-07-2022 12:18 GMT by Edward Moya

Oil prices fall, gold higher as yields drop

Oil slips further amid recession talk Oil prices are heading lower for a third day, with WTI now closer to USD 90 a barrel than USD 100. Perhaps a surprising twist considering the remaining tightness in the market but also a further sign that investors are increasingly coming around to the idea of a recession in the not-too-distant future.

22-07-2022 08:51 GMT by Craig Erlam

Oil falls, gold vulnerable

Oil prices fall overnight Brent crude and WTI had another session of 5.0% intraday ranges overnight, closing quite a bit lower than their opening levels. Global recession fears and the resumption of Russian gas flows to Europe seem to have been the catalyst, although I am sure that trading volatility recently is reducing liquidity as well, exacerbating movers.

22-07-2022 04:19 GMT by Jeffrey Halley

The end of a messy week

ECB surprise, Nord Stream gas reopens Volatility was the winner overnight, with a multitude of data points and events leaving market price action messier than a teenager's bedroom. The European Central Bank surprised markets by lifting policy rates by 0.50%, ending over a decade of negative interest rates.

22-07-2022 03:48 GMT by Jeffrey Halley

Oil drops below USD 100, gold rallies

Oil back below USD 100 Brent and WTI are both trading back below USD 100, something people around the world will be delighted to see as they look on in astonishment when filling their cars. Whether that can be sustained, I'm not sure.

21-07-2022 11:48 GMT by Craig Erlam

Oil weaker on demand outlook, gold steadies

Oil Crude prices are tumbling as energy traders reassess the short-term demand outlook given the disappointing summer driving season and as the US economy starts to show further signs it is quickly weakening. This morning’s data did not do any favors for crude after jobless claims data hit an eight-month high and the Philly Fed index showed a massive slowdown. The oil market is starting to see more supplies from Libya and with the pace of weakening global economic data suggesting, we might not n

21-07-2022 11:27 GMT by Edward Moya

Oil stable, gold loses ground

Oil prices are steady Brent crude and WTI were steady once again overnight, with US official crude inventory data having little impact on prices, although the rise in gasoline inventories by 3.5 million barrels may have capped prices intraday. European gas concerns look to be supporting the downside for now.

21-07-2022 04:08 GMT by Jeffrey Halley

Oil choppy, gold slides

Oil Crude prices pared losses after the EIA crude oil inventory report posted a surprise draw as exports came in impressively strong. So much to take from this mixed EIA oil inventory report. Gasoline demand was surprisingly much softer-than-expected, which helped send futures lower.

20-07-2022 14:22 GMT by Edward Moya

Oil dips, gold vulnerable

Oil pares gains We're seeing small losses in crude after a strong start to the week. That may reflect the reversal in risk appetite during the European session as the latest equity bear-market rally quickly runs on fumes.

20-07-2022 11:28 GMT by Craig Erlam

Market Insights Podcast (Episode 354)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discussed UK inflation, Netflix and Nord Stream 1.

20-07-2022 10:44 GMT by Craig Erlam

Oil jumps over peak inflation, gold steady

Oil prices explode higher Brent crude and WTI prices continued higher overnight as sentiment in markets swung to peak inflation once again, and concerns persisted around the resumption of Russian gas supplies. Brent crude rose 1.50% to USD 107.25 overnight, before edging lower to USD 106.40 in Asia.

20-07-2022 04:22 GMT by Jeffrey Halley

Oil hovers above USD 100, gold struggles

Oil Crude prices tentatively breached the USD 100 level after the Bank of America fund manager survey showed global growth optimism was at an all-time low. Earlier in London, oil was declining after reports Congo was looking to bolster up its oil sector by offering 30 oil and gas exploration blocks for licensing.

19-07-2022 13:39 GMT by Edward Moya

Oil dips after gains, gold under pressure

Oil pares gains It's been another volatile couple of days for oil, with Biden's seemingly unsuccessful trip to the Middle East very much stealing the spotlight. Traders continue to weigh up tight supplies against recession prospects which have brought the price back to a suddenly more reasonable USD 100 a barrel. We could see it slip further if economic prospects continue to deteriorate, or if Saudi Arabia hints at turning on the taps faster.

19-07-2022 10:39 GMT by Craig Erlam

Oil soars, gold directionless

Oil prices explode higher Brent crude and WTI prices exploded higher overnight after Gazprom declared a backdate force majeure on some major European customers. That raised fears that gas flows would not return through the Nord Stream 1 pipeline to Germany at the end of the week, causing a knock-on impact on oil prices.

19-07-2022 04:17 GMT by Jeffrey Halley

Oil rises above USD 100, gold rebounds

Oil higher after Biden's trip disappoints Crude prices are back where they belong, over the USD 100 a barrel level, after President Biden’s trip to the Mideast did not yield any oil commitments by the Saudis. Boosting oil was also a weaker dollar that stemmed from a broad rebound for risky assets. The oil market will remain tight as the latest earnings updates reinforced how strong the US economy remains.

18-07-2022 13:29 GMT by Edward Moya

Oil soars after Biden's trip, gold steady

Oil jumps after Biden's failed Saudi trip Oil prices are soaring again today, buoyed by an apparent easing in economic fears, stronger risk appetite and a failure by the White House to get any concrete commitment to increase oil output during the Middle East visit. When the biggest talking point from President Biden's meeting with Saudi Crown Prince Mohammed bin Salman is a fist bump photo, you know it probably hasn't gone to plan.

18-07-2022 12:03 GMT by Craig Erlam

Oil edges higher, gold steady

Oil prices edge higher Both Brent crude and WTI rose modestly on Friday as they continued to unwind the mid-week slump. In Asia, hopes of more China stimulus, and a lack of concrete production promises from President Biden’s Middle East visit have seen Brent crude prices climb in Asian trading. Brent crude finished Friday’s session 1.25% higher at USD 100.80, having tested USD 102.50 intraday.

18-07-2022 03:40 GMT by Jeffrey Halley

Week Ahead - Rate hikes galore

Next week offers a plethora of monetary policy meetings with the ECB, BoJ, CBRT, SARB and CBR among those. Central banks have mostly been racing to raise interest rates while watching official inflation data surpass their targets multiple times over.

15-07-2022 13:12 GMT by Craig Erlam

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