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.

Fed React: Powell is finally ready to take on inflation, Retail Sales revisions, Oil lower, Gold tumbles, Bitcoin higher

US stocks went on a rollercoaster ride after a hawkish FOMC statement initially sent risky assets lower, but then turned positive after Fed Chair Powell tentatively convinced markets they will not be too late with fighting inflation. Much of today went as expected with the Fed raising rates by 25 basis points and addressing how the war in Ukraine is driving additional inflationary pressures. The Fed’s 2022 forecast for inflation was raised from 2.6% to 4.3%.

16-03-2022 15:49 GMT by Edward Moya

Oil and gold continue to lose ground

Oil slips further below USD 100 Oil prices are continuing to fall in the middle of the week as progress in talks between Ukraine and Russia see crude premiums being eroded. Whether that's premature or not, we'll soon see, especially with disruptions already being reported in recent weeks. While an end to the fighting will reduce the cloud of uncertainty for the global economy, it will not put an end to the sanctions that have already been imposed on Russia, or any that will follow.

16-03-2022 12:58 GMT by Craig Erlam

Oil rebounds, gold slips

Oil rallies in Asia Oil prices slumped in overnight trading, Brent crude tumbling 6.85% to USD 98.70 a barrel, and WTI plummeting 7.0% to USD 95.10 a barrel. Oil markets continued to correct from the mayhem of last week, helped along by Iran nuclear deal hopes, fears over slower China growth, and persistent hopes of a Ukraine-Russia agreement to end the conflict. There is a lot of hope, and not much sign of reality in that reasoning, and oil prices have rallied once again in Asia.

16-03-2022 05:48 GMT by Jeffrey Halley

Oil and gold both pare losses after Putin says Ukraine not serious in finding acceptable solution

Covid, Ukraine weigh on oil The unwind of the oil trade is an easy one as a few reasons sent prices lower: China’s Covid surge has worsened as more lockdowns occur, expectations of a long Russia-Ukraine war has decreased as Eastern European leaders show unequivocal support for Ukraine’s independence, countries like India have bought Russian oil at a heavy discount, and manufacturing activity in the Empire State dropped to negative territory and the lowest levels since early in the pandemic. Su

15-03-2022 13:29 GMT by Edward Moya

Oil prices slump in Asia

Oil down over Ukraine hopes, FOMC Oil prices slumped again overnight in New York and have done so again in Asia today. Growth concerns from the Ukraine-Russia stagflation wave, and FOMC hike this week, and hopes that progress will be made in Ukraine-Russia negotiations has seen Brent prices fall nearly USD 40 over the past few sessions.

15-03-2022 05:51 GMT by Jeffrey Halley

Oil falls on Ukraine talks, gold slips

Oil pulls back on positive talks Oil prices have fallen considerably today, off around 7%, on optimism around the Ukraine-Russia talks. Crude is still trading above USD 100 though so there's still a significant premium in the market as a result of the invasion and disruption to Russian supplies on the back of the sanctions. And the lack of progress on US-Iran talks around the nuclear deal which has been "almost there" for many weeks now is not helping to alleviate any of those pressures.

14-03-2022 16:49 GMT by Craig Erlam

Oil tumbles on Chinese shutdowns and as new sanctions leave Russian energy alone, gold selloff exaggerated on profit-taking

Oil slides on Ukraine hopes, China lockdowns Crude prices tumbled after Russia-Ukraine talks led to optimism an end to the war could be in sight and as China lockdowns Shenzhen and Jilin. Energy traders quickly abandoned the crude trade after the next round of EU sanctions spared oil from Russian companies.

14-03-2022 14:36 GMT by Edward Moya

Oil eases, gold under pressure

Oil prices ease on Ukraine hopes Oil markets in Asia have staged an unconvincing pullback today in hopes that Ukraine-Russia negotiations are moving to a constructive stage, despite the weekend widening of the Russian bombing. Additionally, the Shenzhen lockdown may have tempered China's growth expectations and thus, its energy consumption.

14-03-2022 05:40 GMT by Jeffrey Halley

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.

14-03-2022 05:12 GMT 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.

14-03-2022 04:55 GMT 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.

11-03-2022 12:08 GMT 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

11-03-2022 11:53 GMT 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.

11-03-2022 09:19 GMT 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.

11-03-2022 04:13 GMT 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

10-03-2022 16:19 GMT 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.

10-03-2022 13:23 GMT 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.

10-03-2022 05:56 GMT 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

09-03-2022 12:33 GMT 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

09-03-2022 12:27 GMT 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

09-03-2022 11:57 GMT by Craig Erlam

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