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 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

Oil recovers, gold under pressure

Oil recovers amid soothing Fed words Oil prices are edging higher again after falling around 20% over the last month in response to increasing recession fears. Inflation data on Wednesday didn't help matters, with the market pricing in a strong possibility that the Fed moves up a gear and hikes 1% this month. That saw crude prices slip further but soothing words from Bullard and Waller reassured everyone that 75 basis points remains the base case.

15-07-2022 09:13 GMT by Craig Erlam

Oil pares losses, gold loses ground

Oil prices are steady Both Brent crude and WTI were caught up in recession fears overnight, plummeting by four dollars a barrel at one stage in panicked New York trading. Once again, both contracts found their feet as the US dollar retreated after rate hike comments from Fed officials, finishing the day nearly unchanged after a torrid session. Brent crude finished almost unchanged at USD 99.55, adding 0.30% to USD 99.90 a barrel in Asian trading.

15-07-2022 04:45 GMT by Jeffrey Halley

Oil falls on recession fears, gold slides

Oil tumbles as IEA revises down demand growth Oil prices are continuing to trend lower as we move towards the end of the week, with recession fears once again the driving force. The IEA alluded to economic risks in its monthly oil report, in which it downgraded demand growth this year and next by 100,000 barrels per day. The downward revision would have been larger but for the stronger rebound in developing and emerging economies led by China.

14-07-2022 09:49 GMT by Craig Erlam

Oil almost unchanged, gold recovers

Oil markets remain a bastion of calm I never thought I would say oil markets and bastion of calm in one sentence, but it is 2022, and anything is possible. Despite the noise seen in other asset classes from US data and central bank moves, oil was almost unchanged overnight.

14-07-2022 05:40 GMT by Jeffrey Halley

Oil remains volatile, gold claws back

Oil rebounds after CPI report Crude prices are rebounding after yesterday’s collapse as energy traders digest a hot inflation report that raises the risk that the Fed could send this economy into a recession by the end of the year. A couple of key points for energy traders are that they are still looking at a tight oil market that probably won’t see a severe drop in crude demand just yet and the likelihood this will be a severe recession are low. A wrath of economic data, monthly oil reports,

13-07-2022 13:09 GMT by Edward Moya

Crude slumps on inflation, gold recovers

Crude slides as recession risks build The US inflation data caused shockwaves throughout financial markets, with oil also sliding on the back of the release. A recession is now the primary bear case for crude given the tightness in the market and it's clear here as much as anywhere how serious the economic risk is being taken. Both Brent and WTI are now back below USD 100, down around 20% over the last month, and they may well remain below there which would have been inconceivable in mid-June.

13-07-2022 11:45 GMT by Craig Erlam

Oil slides on inventories, gold steady

Oil slumps overnight As mentioned above, a surprisingly high build in US API crude and refined product inventories spurred a late and aggressive slump in oil prices. Clearly, the speculative market is not prepared to wear any sort of losses from bottom fishing now, and we can expect to see more of these sorts of days going forward until the recession/inflation picture becomes clearer.

13-07-2022 05:27 GMT by Jeffrey Halley

Big Wednesday

It may not be monster surf breaks in Hawaii or Uluwatu in Bali, but today is shaping up to be a stormy day for markets, with plenty of chances to get dumped and held under the waves for a while. We have already had two central banks in Asia raise policy rates this morning, with the Bank of Korea and Reserve Bank of New Zealand hiking by 0.50%, with a hawkish tone in their statements.

13-07-2022 04:52 GMT by Jeffrey Halley

Gold - Tumbles as dollar soars

OANDA Senior Market Analyst Craig Erlam discusses the outlook for gold in light of the dollar continuing to rally higher.

12-07-2022 18:51 GMT by Craig Erlam

Oil extends losses on COVID fears, gold fights for life

Oil takes a tumble Oil prices crumbled as the crude demand outlook looks like it could get slashed after the WHO advised governments to take steps to curb COVID-19 transmissions as the new wave makes its way across Europe and the US. Crude just can’t catch a break as all the headlines are turning bearish. Earlier weakness for oil stemmed from Heathrow Airport capping travel, growing European recession fears following collapsing German investor confidence, and rising fears that Shanghai will

12-07-2022 14:42 GMT by Edward Moya

Oil slides, gold ticks higher

Oil slides as OPEC forecast another tight year Oil is falling quite heavily today, off more than 4% and pushing WTI back below USD 100 a barrel. Recession fears are strengthing the bearish case for crude and we're seeing those materialise after previously reaching very high levels. That said, the market remains extremely tight and the OPEC report today highlighted that fact, with demand next year seen exceeding supply by a million barrels per day.

12-07-2022 10:14 GMT by Craig Erlam

Oil trades sideways, gold dips lower

Oil trades sideways overnight Oil prices had another choppy session overnight but ultimately traded sideways, booking just modest losses. Markets remain torn between recession fears in the US, Europe, and China torpedoing growth and thus, oil consumption, and the still very tight supply/demand reality of the physical market.

12-07-2022 04:25 GMT by Jeffrey Halley

Oil slips, Gold tumbles, bitcoin struggling

Oil pares losses Oil prices are slipping again on Monday, although it has recovered the bulk of the losses from earlier in the day. Recession fears are increasingly driving these markets and that's one reality that could limit the rise in oil prices over the medium term. The prospect of further Covid restrictions in China is a near-term headwind for crude prices, also, which could see them trade closer to $100 a barrel as we saw earlier this year. Joe Biden's trip to Saudi Arabia this weekend

11-07-2022 19:00 GMT by Craig Erlam

Oil hit with a one-two punch, gold lower on strong dollar

Oil Oil prices are weakening as crude demand outlook is hit by a one-two punch from China’s rising COVID cases and Wall Street jitters that inflation is hitting the US economy much harder than analysts were expecting. Oil will struggle to hold the USD 100 level if China’s Covid situation deteriorates much further.

11-07-2022 13:36 GMT by Edward Moya

Week Ahead - Summer Remains Volatile

A strong nonfarm payroll report has paved the way for the Fed to deliver another 75 basis-point rate hike at the June 27th policy meeting. An overheating economy and hot inflation will keep the Fed focused on aggressively fighting inflation. Recession fears eased after the June payrolls impressed and wage growth remained strong.

08-07-2022 15:57 GMT by Edward Moya

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