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.

Shenzhen lockdown muddies economic waters
Monday’s these days usually present a confusing picture to investors, and this one is no different. Reuters is reporting that both Ukraine and Russia appear to be making progress towards substantive negotiations.
by Jeffrey Halley
Market Insights Podcast (Episode 306)
Jonny Hart speaks to APAC Senior Market Analyst Jeffrey Halley about news impacting the market and the week ahead. This week we start with Asian equity markets. China markets and much of Asia are falling as Covid lockdowns expand, but US futures and others are rallying on Ukraine negotiation hopes.
by Jeffrey Halley
Market Insights Podcast (Episode 305)
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 latest inflation report, President Biden's executive order on cryptos, and recapped what happened with energy markets. They also discuss what the week ahead has in store for financial markets.
by Edward Moya
Commodities and Cryptos: Oil remains volatile, Gold tumbles, Bitcoin below $40k
Oil Crude prices tentatively turned negative after Russian President Putin saw “certain positive shifts” in talks with Ukraine. Oil will remain a volatile trade as the headlines regarding the war in Ukraine and Iran nuclear talks will keep traders on edge.  Optimism for a Russia-Ukraine ceasefire is driving crude prices lower but that might not continue much until Russian ease up on their attack in Western Ukraine. Energy traders went into this week thinking Iran had a small chance there for a
by Edward Moya
Oil pares gains on Putin, gold dips
Oil loses gains on Putin comments Oil prices are a little flat on Friday and have given back most of the gains from earlier in the session when they were more than 4% up on the day. The comments from Putin didn't just give risk appetite a lift, it eased the pressure on commodity markets.
by Craig Erlam
Oil goes for a ride, gold drifting
Oil makes lots of intraday noise Oil markets had another very choppy day overnight but finished only slightly lower than the day before. Despite a strong intraday rally after Ukraine-Russia talks finished without any progress, the 7.90% US inflation print raised the spectre of more and faster tightening by the Fed, lifting recession fears and sending oil lower.
by Jeffrey Halley
Oil declines, gold rebounds
Oil goes for a wild ride Oil edged lower after a wild session as energy traders became worried that inflationary pressures will only get worse as this war continues and that will lead to crude demand destruction.  After another hot inflation report, many investors on Wall Street are growing concerned that stagflation risks could derail the economy later this year. Adding to the pressure on crude prices is the distant possibility that OPEC+ could be serious in their contemplation of boosting oi
by Edward Moya
Oil gains ground, gold hovers at 2K
Oil cautiously higher after mixed messages from UAE Oil prices are rising again, up around 4% on the day at one point, as talks between Ukraine and Russia give little cause for optimism. The risk of further disruption remains high, especially with more sanctions to come that will make life harder for Russia and companies less keen to do business with them. The one ray of hope comes from the UAE, following comments yesterday that suggested they favour higher output.
by Craig Erlam
Oil and gold head south
Oil prices collapse on UAE/OPEC comments Oil’s volatility reached new levels of insanity overnight, with Brent crude trading in a USD 25 intra-day range. Oil prices were moving lower on Ukraine compromise hopes already from earlier in the day, when the UAE comments about asking OPEC+ to raise production to send oil prices into a tailspin.
by Jeffrey Halley
Oil down 10% from Sunday's high, gold pivots at USD 2000
Oil  Crude prices are declining after Ukraine President Zelensky signaled he has 'cooled down' regarding the question of Ukraine joining NATO and as optimism grows that the economic impact of sanctions is weighing on the Russian economy and that President Putin might try to avoid a long war. Adding to the earlier selling pressure was the IEA breakdown of 62.7 million barrels emergency oil stocks.  The world is working together to tackle surging oil prices and that has put a short-term top for c
by Edward Moya
Risk appetite is back in town, commodity rally hits a peak, bitcoin embraces risk-on mood
US stocks are rebounding as Wall Street embraces the exhaustion with the pricing surge across the commodity complex.  It has been almost two weeks since Russia invaded Ukraine and it appears that traders are becoming a little optimistic a compromise could happen after Ukrainian President Zelensky’s comment that he had “cooled down” about Ukraine’s bid to join NATO, which was one of the driving factors behind Russian's invasion.  He also noted that he is open to compromise with the status of the
by Edward Moya
Oil volatile, gold drops below USD 2000
Another volatile session for oil It's been another incredibly volatile day in the oil market, with Brent crude at one point rising a few percent before reversing course to trade down more than 5% on the day. This comes as it continued to see resistance around USD 130 following the US and UK decisions to ban and phase out Russian oil imports. With the EU not joining them, due to their far heavier reliance on Russian oil, and instead looking to do so over a much longer period, the price never ra
by Craig Erlam
Oil rises, gold punches past USD 2000
Oil prices stay firm Oil prices remained firm overnight, finishing around 4.0% higher for the day after President Biden announced a unilateral ban on Russian energy imports. The move was well telegraphed, with oil markets having already moved higher this week in anticipation.
by Jeffrey Halley
Oil surges, gold eyes record highs
Oil powers higher All the headlines suggest oil prices will continue to go higher.  Global energy supplies will continue to get tighter now that both the US and UK will ban Russian oil.  The US took it one step further and also will ban Russian natural gas and other energy sources.  Russia's economy will take a big hit as the West shows unity and intensifies its sanctions against the Kremlin. The crude supply outlook will struggle to make up for Russian supplies over the next few months, so wha
by Edward Moya
Gold - Record highs on the way?
Pullback may be brief Gold came within a whisker of record highs on Tuesday and it may not be done there. The yellow metal is a traditional safe haven and inflation hedge, which makes it perfect in highly uncertain times like this. Not only is the world already desperately trying to get to grips with high inflation, it's also facing the prospect of an economic slowdown and maybe even recession. Putin's decision to invade Ukraine will have severe consequences, not just for Russia - although th
by Craig Erlam
Oil rises on expected US ban, gold rises
Oil higher as the US prepares Russian import ban There's a lot going on in the oil market at the minute which is contributing to the huge amount of volatility and uncertainty we're seeing. It's such a headline-driven market at the moment and today is certainly no different.
by Craig Erlam
Oil powers higher, gold steady
Oil prices, I don’t know what to say…… Reports that a Russian general has been killed in Ukraine seem to have been the excuse for Asia to lift prices once again this morning after the breathtaking price action overnight. Although some sense finally prevailed in Northern Hemisphere markets, Brent crude still finished 5.20% higher at USD 124.10 a barrel, and WTI 4.70% higher at USD 120.35 a barrel. Russian scaremongering around USD 300 a barrel of oil may have also spooked Asian markets, but oil
by Jeffrey Halley
Oil skyrockets on Russia oil ban talks, gold nearing record levels
Oil pares huge gains Crude prices skyrocketed to a 13-year high at the start of the week as energy traders were thinking the war in Ukraine could lead to an even tighter oil market as the US tries to convince the Germans to agree upon a ban of oil imports from Russia. After hitting the USD 137 level, Brent crude oil prices have settled back to the USD 120 region as Germany resists cutting off essential Russian energy supplies. Oil prices over USD 100 throughout the summer will become a bigger
by Edward Moya
Oil pares gains, gold passes USD 2000
Oil prices remain high but give back huge early gains Oil prices were up more than 17% at one stage after the open but that has been pared right back as the day has progressed, with Brent now up 1.5% around USD 120 a barrel. In a sign of how ridiculous the situation is right now, that's coming as quite a relief compared to how bad it was looking at one stage. The market has shown its vulnerable side now though and it's quite concerning.
by Craig Erlam
Oil powers higher, gold hits USD 2000
Oil prices, I don’t know what to say…… Panic has been seen again in oil markets in Asia today, with Brent crude spiking to nearly USD 140 on the open before settling at USD 128.00 a barrel. A combination of toxic factors over the weekend has combined to induce more panic buying in Asia.
by Jeffrey Halley
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