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.

Libya nerves lift oil prices

Oil prices are around 1.0% higher today in Asia as trading resumes after the Good Friday holiday. In thin trading, oil closed modestly higher on Thursday, and today, Brent crude has risen to USD 112.75 a barrel, and WTI to USD 108.00 a barrel.

18-04-2022 06:06 GMT by Jeffrey Halley

Week Ahead -The bond market selloff continues

The bond market selloff did not ease up heading into the long holiday weekend and traders will have to soon decide if they decide to sell in May and go away. The upcoming week is filled with another round of earnings, major economic data out of China, a French debate, and a wrath of commentary from finance ministers and central bankers at the IMF/World Bank spring meetings.

14-04-2022 16:32 GMT by Edward Moya

US Close: Retail Sales weighed by energy price surge, Musk’s calculated Twitter offer, Commodities hit hard by strong dollar, Bitcoin below $40k

Wall Street is ready for a long weekend and stocks are struggling here after mixed bank earnings and a retail sales report that showed the consumer is spending more money on essentials. The second act of bank earnings rewarded Goldman and Morgan Stanley for strong trading revenues, while Citigroup was hampered by their exposure to Russia and Wells Fargo posted disappointing revenue and net interest income.

14-04-2022 14:27 GMT by Edward Moya

Oil drifting, gold pares gains

Oil remains rangebound after recovery this week Oil prices are a little lower on Thursday after rallying strongly the previous two days. The flirtation below USD 100 didn't last long as the slight lifting of restrictions in China partly removed one key downside risk for prices.

14-04-2022 10:23 GMT by Craig Erlam

Oil and gold rally

Oil prices rally again overnight Oil prices ignored the peak inflation noise from equity and currency markets, posting another day of sharp increases as concerns around tight supplies globally persist and China Covid restrictions were eased in Shanghai. The difference in perceptions between the various asset classes could not be starker now.

14-04-2022 04:39 GMT by Jeffrey Halley

Oil rally returns, Gold eyes USD 2k

Oil Crude prices were unfazed after the EIA crude oil inventory report posted the biggest build since March 2021. Overall, the EIA report was mixed as the massive build was offset by improving gasoline and jet fuel demand, while US production remained steady.

13-04-2022 12:49 GMT by Edward Moya

Oil rises, gold extends rally

Oil pushing higher as OEPC continues to disappoint Oil prices are continuing to push higher after spiking on Tuesday. The slight easing of restrictions in China and pushback from OPEC to EU requests for higher output triggered a sharp rally yesterday just as the price was flirting with double digits.

13-04-2022 12:38 GMT by Craig Erlam

Market Insights Podcast (Episode 319)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the latest inflation data from the UK and US, the RBNZ rate hike, upcoming BoC rate decision and the moves in oil.

13-04-2022 06:01 GMT by Craig Erlam

Oil rallies, gold edges higher

Oil prices rally overnight Oil prices rallied sharply overnight as OPEC rebuffed increasing production above already agreed amounts, and Russian oil production fell below 10 mio barrels per day. Putin’s Ukraine negotiation dead-end comments also dampened hopes that a negotiated settlement could relieve tight energy markets. Brent crude rallied 5.55% higher to USD 104.85, and WTI leapt 6.10% higher to USD 101.00 a barrel.

13-04-2022 04:48 GMT by Jeffrey Halley

Peak inflation nations

Has US inflation peaked? Equity markets ex-China are rallying today as US equity futures jump in Asian trading. Overnight, US inflation hit multi-decade highs, with YOY inflation printing at 8.50%, while core inflation rose by 6.50% YOY.

13-04-2022 04:06 GMT by Jeffrey Halley

Oil back above USD 100, gold shines

USD 100 oil is back and it is probably going to stay. The crude correction ended now that the market has mostly priced in the strategic petroleum release plan, China is beginning to lift some of their lockdowns and as negotiations between Russia and Ukraine appear to have hit a dead-end.

12-04-2022 15:40 GMT by Edward Moya

Oil surges on OPEC, gold jumps on inflation

Oil spikes as OPEC offers the EU little hope Oil prices are spiking after flirting with sub-USD 100 levels in recent days as China appeared to loosen lockdown restrictions and OPEC warned that it would be impossible to replace Russian crude while pushing back against calls for it to utilise its spare capacity. This also came as it reported a decline in supply and demand growth this year and another missed month of production targets; something that the market expects after months of the same. Wh

12-04-2022 12:49 GMT by Craig Erlam

China weighs on oil, gold edges up

China growth fears continue to weigh on oil Oil prices finished sharply lower overnight, despite OPEC telling Europe they wouldn’t be pumping any more oil. Recession fears around US monetary policy and mostly, fears surrounding China’s growth outlook and its Covid zero policy, pushed oil prices down in overnight trading. Brent crude fell 2.90% to USD 99.25 overnight, while WTI fell 2.65% to USD 95.20 a barrel.

12-04-2022 05:31 GMT by Jeffrey Halley

Oil slumps as China struggles with COVID, gold remains volatile

Oil falls on China's Covid outbreak Oil prices headed lower as energy traders continue to price in further crude demand destruction as China's covid outbreak worsens. WTI crude knew it was in trouble given the deteriorating crude demand outlook, a stronger dollar, and after a senior US administration official said that President Biden did not make a “concrete ask” to India to ease up their energy purchases from Russia. The oil market is getting beat up and it might take exhaustion from the stro

11-04-2022 15:08 GMT by Edward Moya

Oil falls below 100, gold pares gains

Oil slides amid Chinese restrictions Oil is off around 3% on the day, with Brent back below USD 100 and hitting its lowest level in almost four weeks. There has been a big effort to alleviate the pressures in the oil market in recent weeks which has no doubt helped but it's the lockdowns in China that are driving the latest declines. The country's zero-Covid policy is naturally having a dampening effect on demand which is aiding the rebalancing efforts.

11-04-2022 14:36 GMT by Craig Erlam

Oil falls on China fears, gold edges up

China's growth fears prompt oil selling Oil finished last week slightly higher in directionless trading. Brent crude rose 0.95% to USD 102.30 a barrel, and WTI rose 0.80% to USD 97.75 a barrel.

11-04-2022 04:22 GMT by Jeffrey Halley

China gloom hangs over Asia

Although we have seen some interesting political developments across the world over the weekend, it is China that is weighing on Asian markets this morning. China inflation came in slightly above expectations YoY for March rising by 1.50%, while PPI eased back to 8.30% YoY, likely thanks to Covid restrictions crimping economic activity. China's Covid spike threatens economy It is China’s Covid situation that is making Asia nervous.

11-04-2022 03:44 GMT by Jeffrey Halley

US Close - Stocks pare losses on reports ECB working on a tool to tackle yields, Canadian jobs, Oil rebounds, Gold higher, Bitcoin struggles

US stocks pared losses after reports that the ECB is working a crisis tool that could help tackle what seems to be a likely surging bond yield problem for the southern periphery. The ECB has the hardest job of all the other major central banks and this potential tool shows they are trying to get ahead of what will be an unbalanced economic recovery once inflation eases. Wall Street is looking at surging Treasury yields and swapping out tech stocks for more defensive plays such as energy, finan

08-04-2022 14:34 GMT by Edward Moya

Oil dips to USD 100, gold consolidates

Oil hovers around USD 100 A second weekly decline in oil prices has eased some of the pressures on the global economy going forward, thanks to a combination of factors including huge SPR releases and Chinese lockdowns. Still, at around USD 100 a barrel, prices are very high and there remain significant upside risks going forward. How prolonged and widespread Chinese lockdowns become could be a key factor in the short-term, with it being such a large consumer and some cities with very few cases a

08-04-2022 06:55 GMT by Craig Erlam

Oil edges lower, gold trading sideways

Oil prices ease in Asia Oil prices traded in a USD 5.00 range overnight, but despite the overcaffeinated traders of the oil market raising their blood pressures intraday, both Brent and WTI ultimately settled almost unchanged. This is as good a reason to my readers to not get caught up in short-term market moves generally, as any.

08-04-2022 03:29 GMT by Jeffrey Halley

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