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 surges, lower US yields boost gold

Oil prices soar overnight Russian President Putin shocked the energy markets on Wednesday when he directed that payments for Russian natural gas by “unfriendly nations” must be paid for in roubles. The announcement and the full closure of the Caspian Pipeline Consortium’s (CPC) pipeline by Russia sent European natural gas prices 30% higher, and also aggressively lifted crude prices, helped by lower official US Crude Inventories.

24-03-2022 05:35 GMT by Jeffrey Halley

Oil soars, gold looks for direction

Oil surges amid further supply issues Oil prices are more than 5% higher after Russia confirmed that oil exports via the Caspian Pipeline Consortium (CPC) will fall by around a million barrels a day for up to two months as a result of storm damage. This comes at a time of significant tightness in the market and could contribute to further increases in the price in the coming weeks. That is of course unless other producers step up and utilise the spare capacity in order to prevent oil prices fr

23-03-2022 12:56 GMT by Craig Erlam

Stocks slip as oil and gas surge

European stocks have posted losses of around 1% on Wednesday, paring some of the gains we've seen over the last couple of weeks.

23-03-2022 12:52 GMT by Edward Moya

Mid-Market Update: Stocks lower as soft landing fantasy seems unlikely, Energy prices jump, Gold rallies, Bitcoin Hovers

US stocks declined as the harsh reality sets in that the Fed most likely won’t be able to navigate a soft landing as geopolitical risks will continue to keep upward pressures on prices and force the Fed into a difficult decision later this year. The Fed will either have to tighten policy so much that it sends the economy into a recession, or it will once again have to flip flop and prevent policy from becoming too restrictive. Wall Street's resilience for risky assets can't handle a flip-flopp

23-03-2022 12:48 GMT by Edward Moya

Oil surges, gold eases

Oil prices soar overnight Oil markets are a mess of volatility at the moment, along with my oil data feeds, as Brent crude and WTI endured another day of very choppy trading in a very wide intraday range. Brent crude gave back all its intraday gains, even after API Crude Inventories fell, to finish 1.85% lower at USD 114.50 a barrel.

23-03-2022 04:28 GMT by Jeffrey Halley

Oil dips, gold consolidates

Oil slightly pares gains after Monday's surge A 7% surge in oil prices on Monday was always going to be difficult to sustain and today's modest declines are a reflection of that. Whether fueled by the prospect of an EU ban on Russian imports, Chinese lockdowns being less economically restrictive, or the dimming prospects for substantial Saudi output increases; it seems oil traders aren't willing to give up the gains that easy. It's going to be tough for the EU to agree on a ban that isn't phas

22-03-2022 15:13 GMT by Craig Erlam

Oil dips, gold lower as risk appetite returns

Oil prices fall ahead of NATO meeting After rallying since the middle of last week, crude prices declined as energy traders await what actions come from this week’s NATO summit. Crude supply shortage concerns were somewhat alleviated after reports that China is buying Russian crude at a big discount. It looks like two key economies, China and India are still buying Russian oil and that will likely put a halt to the recent rebound in prices. The short-term crude demand outlook might need a do

22-03-2022 12:43 GMT by Edward Moya

Oil prices jump, gold range-trading

Oil prices soar overnight Nerves broke in oil markets overnight, as the prospect of a European embargo on Russian oil, and reality dawning around Ukraine-Russia negotiations, sent oil prices soaring. Brent crude leapt 7.90% to USD 116.35 a barrel, with WTI rallying 7.0% to USD 112.00 a barrel.

22-03-2022 06:16 GMT by Jeffrey Halley

US Close: Powell ready for super sized hikes, Inversion focus as bonds selloff, Boeing 737 plane crashed in Southern China, Oil rises as calls for EU to ban Russian energy grow, Gold sideways as yields surge, Bitcoin holds $41k

US stocks had an uninspiring start to the trading week after Fed Chair Powell delivered another round of hawkish comments and as commodity prices surged on growing expectations the EU could consider an oil embargo on Russia this week. The harsh reality of faster rate rises is setting in for some traders and that could eventually lead to a taper tantrum which might happen alongside stagflation. Monetary policy is still accommodative for now, but that could quickly change if the Fed delivers a c

21-03-2022 16:34 GMT by Edward Moya

Oil edges up, gold under pressure

Oil prices spike higher once again Oil prices rose slightly in New York on Friday, with volatility modest by recent standards. Brent crude finished 0.85% higher at USD 107.80 a barrel, and WTI rose 1.70% to USD 105.35 a barrel. In Asia, however, prices have spiked higher once again, continuing a trend we saw all last week, where Asia bought oil no matter what the price action was in New York.

21-03-2022 06:30 GMT by Jeffrey Halley

Market Insights Podcast (Episode 309)

Jonny Hart speaks to APAC Senior Market Analyst Jeffrey Halley about news impacting the market and the week ahead. This week we start with a roundup of price action in Asia where China held its prime lending rates unchanged, which was surprising, given how aggressively they had talked up the stockmarket and stimulus last week. Oil is never far from everyone's lips, and Asia, once again, has bought black gold aggressively today.

21-03-2022 05:22 GMT by Jeffrey Halley

Market Insights Podcast (Episode 308)

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 Fed's first rate hike since 2018, China's COVID situation, and oil markets. They also discuss what the week ahead has in store for financial markets.

18-03-2022 21:58 GMT by Edward Moya

Commodities and Cryptos: Oil choppy, Gold lower, Bitcoin steady

Oil Crude prices are consolidating as energy traders process the IEA’s 10-point plan to reduce oil consumption and await to see if any progress in peace talks between Ukraine and Russia can be made. Oil will remain a volatile trade in both directions, but the geopolitical risks don’t seem like they will be going away anytime soon, so $100 oil is likely here to stay.

18-03-2022 12:13 GMT by Edward Moya

Oil gains ground, gold edges lower

Oil higher as OPEC+ falls further short of targets In a further sign that calls for OPEC+ to raise output further are a wasted effort, IEA reported that compliance with pandemic-agreed cuts rose to 136% last month, up from 129% in January. In other words, the group is not only failing to hit its quotas, it's missing them by an estimated more than one million barrels per day.

18-03-2022 10:11 GMT by Craig Erlam

Oil powers upwards, gold declines

Oil prices spike higher once again Oil prices, like so many asset classes, went their own way overnight. Improving sentiment around markets being ignored as oil stage another massive rally in thin liquidity conditions.

18-03-2022 04:47 GMT by Jeffrey Halley

Oil back above USD 100, gold rallies

Oil prices edge higher Crude prices have come down enough and seem poised to stabilize above the USD 100 a barrel level until energy traders have clarity over geopolitical developments in Ukraine and with Iran nuclear deal talks. Not enough crude demand destruction has happened to warrant prices falling below the USD 90 level and with inventories continuing to decline, this oil market will likely remain tight for quite some time. WTI crude seems poised to continue to edge higher if no major p

17-03-2022 15:39 GMT by Edward Moya

Oil rises on Ukraine, gold extends gains

Oil rises after Kremlin comments and IEA report Oil prices are rising once again today, with Brent and WTI now back above USD 100. It has been pushing higher throughout the day after the Kremlin pushed back against reports of substantial progress in ceasefire talks.

17-03-2022 14:20 GMT by Craig Erlam

Market Insights Podcast (Episode 307)

OANDA Senior Market Analyst Craig Erlam reviews the day's market news with Jonny Hart. They discuss why markets are recovering, oil falling, and the BoE.

17-03-2022 12:52 GMT by Craig Erlam

British pound slips after BoE rate hike

GBP/USD is down 0.28% on Thursday, trading just above the 1.31 line in the North American session. BOE raises rates but sterling falters The Bank of England raised rates by 0.25%, as was widely expected. This was an unprecedented third straight hike from the BoE, but the new record failed to impress investors, as the pound rose steadily prior to the hike, only to fall by 0.8% after the rate move. Why the sour grapes from the markets after a rate hike?

17-03-2022 10:22 GMT by Kenneth Fisher

Asia, once again, buys the oil dip

Oil prices held steady overnight, led by the perception of diminishing Ukraine risks and a positive meeting between the leaders of Saudi Arabia and the United Kingdom. The platitudes handed out to Boris Johnson in Riyadh conveniently overlook the fact that the Saudis are committed to OPEC+ and are not able to unilaterally boost production within that framework.

17-03-2022 06:28 GMT by Jeffrey Halley

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