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, gold rise on risk aversion
Oil prices are sharply higher on enhanced sanctions Unsurprisingly, the sharp escalations in sanctions over the weekend, which sparked panic among ordinary Russians, has seen oil open sharply higher today. Brent crude has soared 3.50% to USD 101.85 a barrel, and WTI has rocketed 4.55% higher to USD 96.10 a barrel.   Oil prices are, in fact, slightly off initial highs, potentially on hopes from the Ukraine-Russia meeting, with similar price action seen in equity and currency markets.
by Jeffrey Halley
Commodities and Cryptos: Crude declines, Gold weakens, Bitcoin follows risk rally
Oil Crude prices continue to drop as energy traders realize that War in Ukraine probably won’t lead to any disruptions of Russian crude to Europe.  Despite the potential for talks between Moscow and Ukraine officials, the situation in Ukraine continues to escalate as Russian forces make a move for Ukraine’s capital.  Taking over Kiev would be followed by a strong reaction from Western leaders, which should suggest all sanctions remain on the table, including Russia crude oil and gas. WTI crude
by Edward Moya
Market Insights Podcast (Episode 299)
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 War in Ukraine, what is driving the oil markets and what to expect going forward, recap the latest round US economic data, and how cryptos staged quite the comeback.  They also discuss what the week ahead has in store for financial markets.
by Edward Moya
Oil falls below USD 100, gold softens
Oil slips back below $100 Oil prices are marginally up on the day but are back below USD 100 after giving up almost all of the gains since the invasion began. Don't get me wrong, crude trading near USD 100 is still very high and there remains plenty of Ukraine risk premium priced in at these levels, but it's given up those gains very quickly. I expect we'll continue to see plenty of volatility in oil markets for some time, with plenty of interest in the dips as geopolitical tensions remain so
by Craig Erlam
Oil and gold take wild rides
Brent crude rises once again as Asian buyers buy the dip To describe the price action on oil markets as wild yesterday would be a gross understatement. Brent crude rose nearly 10 US dollars to just shy of USD 106.00, before retreating to USD 99.00 at the close, a 2.0% gain for the day.
by Jeffrey Halley
Oil rises above USD 100, gold climbs
Oil above USD 100 and could keep going Oil prices are soaring in response to the Russian invasion of Ukraine as traders are forced to price in sizeable risk premiums associated with the conflict. The market is already extremely tight and unable to easily contend with supply issues and, barring a shift in approach from certain producers with excess capacity, that's not going to change. With oil prices well above USD 100 - up around 7% on the day - and gas prices surging once more, the question
by Craig Erlam
Market Insights Podcast (Episode 298)
OANDA Senior Market Analyst Craig Erlam reviews the day's market news with Jonny Hart. They discussed the latest in Ukraine as Russia invades and the impact it's having on financial markets.
by Craig Erlam
Ukraine invasion boosts oil and gold
Brent crude hits USD 100 on Ukraine invasion A Russian invasion is seemingly underway, with reports circulating that Russia has declared war on the Ukraine if the Ukranian Ambassador to the UN's remarks is to be believed. Brent crude prices spiked higher, touching USD 100 a barrel before retreating slightly.
by Jeffrey Halley
Oil volatile, gold edges higher
Oil rallies on invasion fears Crude prices rallied reports that the Biden administration expects Russia to invade Ukraine within 48 hours.  Oil extended the rally after Ukraine was hit with another cyberattack.  The Ukraine situation seems to be heading towards a pivotal moment a lot sooner than everyone was hoping for and that means oil prices could surge here.  An immediate run towards USD 100 oil is still in the cards, but the rising prospects that an Iran nuclear deal could be reached in th
by Edward Moya
Stock markets cautiously higher
Stock markets are back in positive territory on Wednesday as investors await Russia's response to initial sanctions from the West. Tensions have obviously increased this week following Putin's decision to recognise the independence of two separatist regions in Ukraine but investors are not particularly deterred. We've seen plenty of risk aversion at times in recent weeks as the situation has escalated but as we've seen over the last 24 hours, the dips are still attracting interest. As long as
by Craig Erlam
Oil rises, gold holds, silver break out?
Oil prices remain elevated Oil prices spiked higher on Ukraine developments yesterday, with Brent crude peaking for a short time, above USD 99.00 a barrel. Following the US and Europe sanctions announcement, oil rapidly gave back its intraday gains, finishing slightly lower than yesterday morning’s opening.
by Jeffrey Halley
Oil pares gain, investors love gold
Oil dips as Iran/US talks progress The oil price rally has hit a tentative wall as Ukrainian tensions cannot overcome the prospects of additional Iranian supply and possibly more crude output from OPEC+. Yesterday, Iran Foreign Ministry spokesman Khatibzadeh noted that significant progress has been made in reviving the 2015 nuclear deal.
by Edward Moya
Stocks struggle on Ukraine tensions, consumer confidence weakens, bitcoin steadies
Wall Street is debating what will be the impact that regional warfare will have on US stocks.  The contagion risk will completely feed into inflationary pressures as energy costs will skyrocket and that will derail large parts of the economic recovery coming out of COVID. Geopolitical risks could lead to a slower growth cycle and that could remove the risk of a half-point Fed rate hike at the March 16th FOMC decision. Risk appetite will start to see some support as investors start to price in a
by Edward Moya
Brent Crude - $100 in sight?
Momentum building as Russia moves closer to invading Ukraine Brent crude came within a whisker of $100 today for the first time since September 2014 before profit-taking kicked in. Will it eventually capture this level? There's been a number of times in recent months when $100 oil has been thrown around like it's a case of when rather than if it will hit that massive psychological level. The shortfall of supply from OPEC+ which continues to fail to hit its targets by ever-widening margins, co
by Craig Erlam
Oil closing in on USD 100, gold dips
Oil eyeing USD 100 after Ukraine escalation While stock markets are enjoying a partial recovery, oil and gas prices remain elevated as a conflict in Ukraine significantly increases the risk of disruptions to Russian supply. While there is reportedly no desire to intentionally restrict supplies in the face of further escalation, assurances will be taken with a pinch of salt given recent developments. The market remains extremely tight for oil and gas and the risk of disruption will result in a
by Craig Erlam
Oil and gold jump on Ukraine news
Oil prices leap higher as Ukraine crisis worsens If you’ve read the note this far, you know what comes next. Oil prices surged higher overnight on thinned US holiday liquidity after President Putin crushed the summit olive branch and commenced “security operations” in his breakaway satellite provinces of the Ukraine.
by Jeffrey Halley
Asia equities slump on Ukraine developments
Putin moves in 'peacekeepers' into Eastern Ukraine The incipient rally seen yesterday has been snuffed out overnight after President Putin pushed back on US summit hopes and then recognised the two breakaway areas of the Ukraine and began “security” operations there. That dose of reality in dealing with the Russian President saw European stocks slump and with US markets closed, US index futures tumbled.
by Jeffrey Halley
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