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 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
Oil pares gain, investors love gold
Oil dips as Iran/US talks progress The oil price rally has hit a tentative wall as Ukrainian tensions cannot overcome the prospects of additional Iranian supply and possibly more crude output from OPEC+. Yesterday, Iran Foreign Ministry spokesman Khatibzadeh noted that significant progress has been made in reviving the 2015 nuclear deal.
by Edward Moya
Stocks struggle on Ukraine tensions, consumer confidence weakens, bitcoin steadies
Wall Street is debating what will be the impact that regional warfare will have on US stocks.  The contagion risk will completely feed into inflationary pressures as energy costs will skyrocket and that will derail large parts of the economic recovery coming out of COVID. Geopolitical risks could lead to a slower growth cycle and that could remove the risk of a half-point Fed rate hike at the March 16th FOMC decision. Risk appetite will start to see some support as investors start to price in a
by Edward Moya
Brent Crude - $100 in sight?
Momentum building as Russia moves closer to invading Ukraine Brent crude came within a whisker of $100 today for the first time since September 2014 before profit-taking kicked in. Will it eventually capture this level? There's been a number of times in recent months when $100 oil has been thrown around like it's a case of when rather than if it will hit that massive psychological level. The shortfall of supply from OPEC+ which continues to fail to hit its targets by ever-widening margins, co
by Craig Erlam
Oil closing in on USD 100, gold dips
Oil eyeing USD 100 after Ukraine escalation While stock markets are enjoying a partial recovery, oil and gas prices remain elevated as a conflict in Ukraine significantly increases the risk of disruptions to Russian supply. While there is reportedly no desire to intentionally restrict supplies in the face of further escalation, assurances will be taken with a pinch of salt given recent developments. The market remains extremely tight for oil and gas and the risk of disruption will result in a
by Craig Erlam
Oil and gold jump on Ukraine news
Oil prices leap higher as Ukraine crisis worsens If you’ve read the note this far, you know what comes next. Oil prices surged higher overnight on thinned US holiday liquidity after President Putin crushed the summit olive branch and commenced “security operations” in his breakaway satellite provinces of the Ukraine.
by Jeffrey Halley
Asia equities slump on Ukraine developments
Putin moves in 'peacekeepers' into Eastern Ukraine The incipient rally seen yesterday has been snuffed out overnight after President Putin pushed back on US summit hopes and then recognised the two breakaway areas of the Ukraine and began “security” operations there. That dose of reality in dealing with the Russian President saw European stocks slump and with US markets closed, US index futures tumbled.
by Jeffrey Halley
Oil rises, gold in choppy waters
Oil marches higher as optimism fades around Ukraine It's been another volatile session in the oil market, with doubts over US-Russian diplomatic efforts lifting prices. Oil prices were declining early in the day at the prospect of a Biden-Putin meeting but as hopes around that have unravelled, the price of oil has climbed. This is despite a nuclear deal between the US and Iran seemingly being close which could bring 1.3 million barrels per day back into the markets, alleviating some of those p
by Craig Erlam
Oil eases, gold drifting
Oil eases on potential Ukraine summit A potential reduction of Ukraine tensions following the US/Russia summit announcement this morning has seen some sellers emerge in oil in Asia. Oil has had quite the rally in my absence, driven by the predicted Ukraine tensions, and a world economy that appears to be moving quickly towards living with omicron.
by Jeffrey Halley
Oil falls while gold sparkles
Oil slides as the US nears nuclear accord with Iran Reports of the US and Iran nearing a new nuclear deal couldn't have come at a better time and oil prices are slipping at the prospect of more than a million barrels of crude re-entering the market. In the absence of a deal, we could already be talking about triple-figure oil prices. Of course, the risk of a Russian invasion remains heightened so there's plenty of potential for oil prices to head higher once more if troops do cross the border
by Craig Erlam
Brent Crude - Will oil hit $100?
OANDA Senior Market Analyst Craig Erlam discusses whether oil will hit $100 as Russia is accused of preparing to invade Ukraine and the US and Iran could resurrect the nuclear deal.
by Craig Erlam
Oil slumps, gold captures $1900
Oil pulls back For one day, energy traders decided to forget about how tight the oil market remains and took some risk off the table as Wall Street hit the sell button with every risky asset over rising geopolitical concerns.  President Biden believes there is still a high risk for a Russian invasion of the Ukraine and that will be the primary catalyst for risk appetite. Oil prices are on sale today and whatever weakness is happening will likely be short-lived.  Geopolitical tensions should be
by Edward Moya
Market Insights Podcast (Episode 295)
OANDA Senior Market Analyst Ed Moya previews the day's market news with Jonny Hart. They discussed markets, discuss the US retail sales report, UK CPI, EIA crude oil inventory report, and crypto marketing momentum from the Super Bowl.
by Edward Moya
Oil falls on Iran talks, gold has momentum
Oil slides as US and Iran near nuclear deal There's no shortage of volatility in the oil market at the moment, with multiple forces combining to create very lively conditions. The market is obviously extremely tight which is why we're seeing some large moves on a daily basis and the price could already be in triple-figure territory if not for the nuclear talks between the US and Iran. And it's this that's driving the declines today, with reports suggesting an agreement is days away.
by Craig Erlam
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