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 remains supported, gold edges higher

Talk of triple-digit oil not going away soon Oil prices are a little flat on Wednesday after OPEC+ backed plans to boost output by 400,000 barrels again in March, following some rumours that the group could increase its commitment in the face of strong demand and high prices. While that may have been welcomed by leaders in consuming countries that are facing a cost of living crisis, it may have made little actual difference as the group is failing to hit its current targets. We could have seen

02-02-2022 12:46 GMT by Craig Erlam

Market Insights Podcast (Episode 289)

OANDA Senior Market Analyst Ed Moya previews the day's market news with Jonny Hart. They discussed markets, discuss the RBA rate decision, preview what the BOE might do, and provided some insight to why energy traders closely followed Exxon's earnings results.

01-02-2022 21:05 GMT by Edward Moya

Waiting OPEC+ decision, Exxon investing in new wells, gold rallies above USD 1800

Oil/Exxon Crude prices edged lower ahead of the OPEC+ meeting on output and after Exxon’s quarterly update showed the oil giant was ready to significantly increase its investment in new wells. Fears of an OPEC+ surprise has many energy traders locked in profits. OPEC+ is expected to stick to the script and deliver a 400,000 bpd increase next month and when you factor in that many members are struggling to hit their quotas, oil seems poised to head higher. Fears of disruption to supplies will

01-02-2022 11:05 GMT by Edward Moya

Commodities and Cryptos: Crude rally continues, Gold bounce, Bitcoin rises

Energy Prices Crude prices continue to rise over Ukraine-Russia tensions, supply likely to remain tight into the summer, and surging demand on reopening momentum and improving temperatures across Europe and Asia. January has been a great month for oil prices and $100 oil might not be too far away as expectations are high that supply will not come close to catching up with demand as OPEC+ will deliver gradual production increase targets that they will fall short of reaching. Many energy trader

31-01-2022 15:06 GMT by Edward Moya

Week Ahead - RBA, BOE, ECB, OPEC+, and NFP in focus

After a rollercoaster January, Wall Street is now expecting the Fed to aggressively raise interest rates over the course of the year as they scramble to control inflation. The US dollar is once again king as most economists are now expecting the Fed to deliver anywhere between 3-7 rate hikes this year. The upcoming week is filled with a few big rate decisions from the RBA, BOE, and ECB.

28-01-2022 16:29 GMT by Edward Moya

Commodities and Cryptos: Crude's great week, Gold extends losses, Bitcoin rebounds

Oil Crude prices have been on fire, rising for a sixth straight week as the demand outlook improves and over geopolitical fears could lead to severe production disruptions. The supply side continues to support a tight market as OPEC+ is expected to stick to their plan of increasing output by 400,000 bpd in March, even though their compliance last month only hit 60% of plan. Now that $90 oil is here, it won’t take much to get prices to $100 and that will just intensify the global energy crisis.

28-01-2022 15:18 GMT by Edward Moya

Commodities and Cryptos: Oil falls, Nat Gas Squeeze, Gold breaks $1800, Bitcoin declines

Oil WTI crude prices reversed earlier gains as the dollar surged following better-than-expected economic data that supported the idea that the economy can handle rapid Fed rate hikes. No one is questioning how tight the oil market remains, but there is some exhaustion after making fresh seven-year highs and that has led to some profit-taking.

27-01-2022 16:35 GMT by Edward Moya

Market Insights Podcast (Episode 288)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discussed the Fed, US GDP, gold and the week ahead.

27-01-2022 14:56 GMT by Craig Erlam

Oil rises, gold tumbles on Fed

Oil has sight set on USD 100 Oil prices are making decent gains again on Thursday, with Brent once more above USD 90 which is naturally leading to talk of USD 100 oil and when it will happen. The environment continues to be very bullish for oil prices, given supply issues within OPEC+, strong demand, and now, geopolitical risk premiums.

27-01-2022 11:08 GMT by Craig Erlam

Commodities and Cryptos: Oil won't stop rising, Gold falls, Bitcoin higher

Oil Brent crude prices breached the $90 level, the highest level since 2014, joining a broad risk-on Wall Street move and shrugging off a somewhat bearish EIA crude oil inventory report. Energy traders are anticipating higher energy prices on potential geopolitical risks and as OPEC+ will stick to their plan to deliver another modest increase to production at next week’s meeting. Oil inventories posted a larger build than expected, jet fuel demand plunged, gasoline imports dropped, demand imp

26-01-2022 16:04 GMT by Edward Moya

Oil eyes USD 100, gold awaits FOMC

Oil eyeing triple figures after brief pullback Oil prices are continuing to edge higher after a brief pullback last week. The move followed some turbulence at the start of the week and came as API reported an 872,000 barrel draw which exceeded expectations.

26-01-2022 09:26 GMT by Craig Erlam

Gold rally, oil higher on geo risks

Gold/FX Gold is rallying as investors run to safety over fears the Fed will aggressively tighten policy and as the list of geopolitical risks continues to grow: The Russian-Ukraine standoff will remain a tense situation for the foreseeable future, North Korea may resume nuclear tests, and Iran nuclear talks are approaching a decisive moment. The dollar edged higher as the Treasury steadied into the start of the two-day FOMC policy meeting. Oil rises over Russia/Ukraine jitters Geopolitical r

25-01-2022 15:21 GMT by Edward Moya

Oil picture favourable, gold well supported

Fundamentals remain bullish for oil Oil got caught up in the sell-everything panic at the start of the week, sliding more than 3% at one stage before recovering a little. There wasn't much sense behind the move, but the fact that the dollar was strengthening and crude was already seeing profit-taking after peaking just shy of USD 90, probably contributed to it. The market remains fundamentally bullish and conflict with Russia does nothing to alleviate supply-side pressures.

25-01-2022 09:25 GMT by Craig Erlam

US Close: Stocks Claw back, Fed Preview, Oil drops, Gold steady, Bitcoin fights for its life

Stocks tried to claw their way back from a massive Monday liquidation that stemmed from rising fears of aggressive Fed tightening and on fears of Russian invasion of Ukraine. Investors may have gotten a bit too pessimistic about the growth outlook and the market selloff looked more like a reaction that the Wall Street was thinking the Fed could signal a 50-basis point rate hike for the March meeting and a late spring kickoff to the balance sheet runoff. Fed Preview Market expectations going in

24-01-2022 15:22 GMT by Edward Moya

Oil prices ease, gold pares gains

Oil lower but fundamentals remain bullish Oil prices are lower at the start of the week as we continue to see some profit-taking alongside another hit to risk appetite. It's been a remarkable rally and there's nothing to suggest that prices are peaking.

24-01-2022 11:39 GMT by Craig Erlam

Commodities: Oil rally pauses, Gold lower, Bitcoin breaks $40k

Oil Energy traders were not surprised to see the oil price rally slow down. WTI crude fell after a surprise build with US stockpiles and following a bloodbath on Wall Street that sent risky assets into freefall. Crude prices may not have a one-way ticket to $100 oil, but the supply-side fundamentals certainly support that could happen by the summer. The next few trading sessions could be difficult for energy traders as oil prices may move more so on investor positioning ahead of Wednesday’s FO

21-01-2022 14:07 GMT by Edward Moya

Week Ahead - Fed and earnings in focus

Earnings season is off to a rocky start and not only are investors not comforted by what they're seeing, but it's also contributing to the unease in the markets. The next week will be huge after an awful start to the year that's brought inflation and interest rate anxiety, earnings disappointment, and increased geopolitical risk.

21-01-2022 13:12 GMT by Craig Erlam

Oil prices ease, gold may have room to run

How long until oil bulls jump back in? Oil prices are slipping more than 1% at the end of the week, pulling back a little further from the highs just short of $90. The decline came shortly after the EIA inventory data on Thursday, which showed a surprising rise against expectations of a 2.1 million barrel decline.

21-01-2022 08:07 GMT by Craig Erlam

Oil pares gains, gold steady

Oil market remains tight Crude prices initially shrugged off a mostly bearish EIA crude oil inventory report. Shortly after the weekly oil report release, the Russian Energy ministry noted refiners continue to struggle to have minimal crude capacity offline. The oil market remains very tight and despite the EIA’s surprise build with crude oil inventories and greater than expected gasoline build, crude prices are poised to head higher. The EIA report showed US production remained steady at 11

20-01-2022 15:39 GMT by Edward Moya

Oil rally wanes, gold edges higher

Oil rally finally losing momentum Oil has been on a remarkable run in recent weeks driven by very bullish fundamentals as disrupted supply struggled to keep up with strong demand. OPEC and the IEA have referenced the resilience of demand since the emergence of omicron in recent weeks and the inability of OPEC+ to hit their production targets, or even come close, has led to the kind of one way price action we've been witnessing. While the fundamentals haven't changed, it does appear that we're

20-01-2022 10:15 GMT by Craig Erlam

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