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 rockets, gold shows slight gains
Oil prices explode higher on Russian supply shock Oil prices exploded higher in New York overnight, and have continued higher in Asia today as well, with Brent crude topping USD 110.00. My inbox is filled with pieces outlining supply disruptions from Russian oil today.
by Jeffrey Halley
The more things change…..
The more things change, the more things stay the same. That harsh reality was dished out in spades to markets trying to price in “Peak Ukraine” by buying the dip yesterday.
by Jeffrey Halley
Commodities and Cryptos Shine as risk aversion hits Wall Street: Oil surges, Gold and Bitcoin rally
Oil Energy traders shrugged off the EIA announcement that 60-million barrels of crude will be released.  Crude prices can’t stop going higher as a very tight oil market will likely see further risk to supplies as the War in Ukraine unfolds.  Expectations for a revival of the Iran nuclear deal have come down a bit as talks still have a few key issues.  Brent crude could surge to the $120 level if the oil market starts to think it is likely that sanctions will be placed on Russian energy. Normal
by Edward Moya
Oil and gold climb on Ukraine conflict
Oil soars as sanctions bite and the conflict intensifies Oil prices are surging once more as the conflict in Ukraine intensifies, the West continues to impose severe sanctions and companies turn their backs on what is becoming an increasingly isolated Russia. We're starting to see what impact these sanctions could have on Russian oil exports and the challenges they pose and that's driving the price higher. The oil rally has seriously accelerated today, breezing past USD 100 and gathering momen
by Craig Erlam
Oil and gold drifting
Oil prices give back Monday gains Interestingly, despite the extreme intra-day volatility in oil markets, on a closing basis, Brent crude has hardly moved over the past five sessions, closing between USD 97.00 and 98.00 a barrel. Oil spiking early in the day on Ukraine-related developments but failing to maintain momentum and giving back those gains in New York.
by Jeffrey Halley
Crude rallies, Gold hovers around USD 1900
Oil surges as West tightens sanctions Crude prices surged after the West delivered a stronger round of sanctions that raised the risk that Russian energy supplies could be next to get targeted.  Energy traders are awaiting the US and allies to tap their strategic reserves, which could unleash 70 million barrels of oil.  The oil market will remain very volatile as the risk of losing access to Russian energy supplies grows.  The uncertainty over how the Ukraine war will unfold has too many risks
by Edward Moya
Oil closes in on USD 100, gold rises
Oil eyeing USD 100 again as the US considers another SPR release and a nuclear deal Oil prices are naturally rallying strongly at the start of the week. Brent and WTI are both closing in on USD 100 once again and only a significant de-escalation looks likely to derail that.
by Craig Erlam
Oil, gold rise on risk aversion
Oil prices are sharply higher on enhanced sanctions Unsurprisingly, the sharp escalations in sanctions over the weekend, which sparked panic among ordinary Russians, has seen oil open sharply higher today. Brent crude has soared 3.50% to USD 101.85 a barrel, and WTI has rocketed 4.55% higher to USD 96.10 a barrel.   Oil prices are, in fact, slightly off initial highs, potentially on hopes from the Ukraine-Russia meeting, with similar price action seen in equity and currency markets.
by Jeffrey Halley
Commodities and Cryptos: Crude declines, Gold weakens, Bitcoin follows risk rally
Oil Crude prices continue to drop as energy traders realize that War in Ukraine probably won’t lead to any disruptions of Russian crude to Europe.  Despite the potential for talks between Moscow and Ukraine officials, the situation in Ukraine continues to escalate as Russian forces make a move for Ukraine’s capital.  Taking over Kiev would be followed by a strong reaction from Western leaders, which should suggest all sanctions remain on the table, including Russia crude oil and gas. WTI crude
by Edward Moya
Market Insights Podcast (Episode 299)
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 War in Ukraine, what is driving the oil markets and what to expect going forward, recap the latest round US economic data, and how cryptos staged quite the comeback.  They also discuss what the week ahead has in store for financial markets.
by Edward Moya
Oil falls below USD 100, gold softens
Oil slips back below $100 Oil prices are marginally up on the day but are back below USD 100 after giving up almost all of the gains since the invasion began. Don't get me wrong, crude trading near USD 100 is still very high and there remains plenty of Ukraine risk premium priced in at these levels, but it's given up those gains very quickly. I expect we'll continue to see plenty of volatility in oil markets for some time, with plenty of interest in the dips as geopolitical tensions remain so
by Craig Erlam
Oil and gold take wild rides
Brent crude rises once again as Asian buyers buy the dip To describe the price action on oil markets as wild yesterday would be a gross understatement. Brent crude rose nearly 10 US dollars to just shy of USD 106.00, before retreating to USD 99.00 at the close, a 2.0% gain for the day.
by Jeffrey Halley
Oil rises above USD 100, gold climbs
Oil above USD 100 and could keep going Oil prices are soaring in response to the Russian invasion of Ukraine as traders are forced to price in sizeable risk premiums associated with the conflict. The market is already extremely tight and unable to easily contend with supply issues and, barring a shift in approach from certain producers with excess capacity, that's not going to change. With oil prices well above USD 100 - up around 7% on the day - and gas prices surging once more, the question
by Craig Erlam
Market Insights Podcast (Episode 298)
OANDA Senior Market Analyst Craig Erlam reviews the day's market news with Jonny Hart. They discussed the latest in Ukraine as Russia invades and the impact it's having on financial markets.
by Craig Erlam
Ukraine invasion boosts oil and gold
Brent crude hits USD 100 on Ukraine invasion A Russian invasion is seemingly underway, with reports circulating that Russia has declared war on the Ukraine if the Ukranian Ambassador to the UN's remarks is to be believed. Brent crude prices spiked higher, touching USD 100 a barrel before retreating slightly.
by Jeffrey Halley
Oil volatile, gold edges higher
Oil rallies on invasion fears Crude prices rallied reports that the Biden administration expects Russia to invade Ukraine within 48 hours.  Oil extended the rally after Ukraine was hit with another cyberattack.  The Ukraine situation seems to be heading towards a pivotal moment a lot sooner than everyone was hoping for and that means oil prices could surge here.  An immediate run towards USD 100 oil is still in the cards, but the rising prospects that an Iran nuclear deal could be reached in th
by Edward Moya
Stock markets cautiously higher
Stock markets are back in positive territory on Wednesday as investors await Russia's response to initial sanctions from the West. Tensions have obviously increased this week following Putin's decision to recognise the independence of two separatist regions in Ukraine but investors are not particularly deterred. We've seen plenty of risk aversion at times in recent weeks as the situation has escalated but as we've seen over the last 24 hours, the dips are still attracting interest. As long as
by Craig Erlam
Oil rises, gold holds, silver break out?
Oil prices remain elevated Oil prices spiked higher on Ukraine developments yesterday, with Brent crude peaking for a short time, above USD 99.00 a barrel. Following the US and Europe sanctions announcement, oil rapidly gave back its intraday gains, finishing slightly lower than yesterday morning’s opening.
by Jeffrey Halley
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