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.

Another troubling start to the week

Ukraine jitters send markets tumbling Stock markets are getting pummelled on Monday, as investors prepare for a potential Russian invasion of Ukraine this week. Reports since Friday suggest an invasion has gone from being a risk to highly likely and the late sell-off in the US followed by today's plunge reflects that. Coming during a period of high anxiety in the markets and a cost-of-living crisis in many countries, the timing couldn't really be much worse. Europe now finds itself in a very

14-02-2022 12:10 GMT by Craig Erlam

Market Insights Podcast (Episode 293)

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 the latest inflation report, oil price volatility (recorded before Friday's reports that US expects Russia to invade Ukraine), and Bitcoin. They also discuss what the week ahead has in store for financial markets.

11-02-2022 14:59 GMT by Edward Moya

US Close: Wall Street rattled on reports US expects Russia to invade Ukraine next week. Yen, Oil, and Gold pop higher, while Stocks, yields, and Bitcoin drop

Wall Street has an inflation hangover as higher rates continue to drag tech stocks down. US stocks were trying to stabilize as yields came in. Yesterday’s inflation shocker has many bond traders believing the Fed is behind the curve and will be delivering several rate hikes. Many Fed members feel inflation will meaningfully decelerate later this year and that is why calls for seven rate hikes might be too aggressive. US stocks were supposed to have a period of calm this afternoon as Treasury

11-02-2022 14:54 GMT by Edward Moya

Oil prices climb, gold stopped by yields

Oil jumps as IEA confirms tight market conditions Oil prices are rallying once more as the IEA raised forecasts for demand this year and confirmed that OPEC+ missed its output targets again in January and by an even wider margin of 900,000 barrels. The group acknowledged that the market is tight right now while highlighting that a nuclear deal between the US and Iran could release 1.3 million barrels of supply.

11-02-2022 08:42 GMT by Craig Erlam

Oil rallies, gold steady

Oil Crude prices have been in a ping-pong session over the past couple of days as energy traders monitor headlines regarding the Russia-Ukraine geopolitical conflict and Iran nuclear talks. The Biden administration reached out to the Saudis but was unable to make any progress in getting oil prices down.

10-02-2022 12:32 GMT by Edward Moya

Gold - Running out of steam?

Rally continues after US inflation data Gold is continuing to rally on Thursday and is on course to register an eighth day of gains in the last nine. That's not bad considering markets are continuing to price in more and more rate hikes from central banks around the world this year. But perhaps that's also the problem. This isn't a gradual tightening process.

10-02-2022 11:11 GMT by Craig Erlam

Crude steady, gold pauses ahead of CPI

Crude prices remain elevated despite progress on nuclear talks Oil prices are marginally lower this morning but Brent crude remains above USD 90 and WTI is only a little shy of it. Prices rose a little on Wednesday after a couple of days of losses following the EIA inventory report, which showed a surprising 4.8 million barrel drawdown. This came as talks appear to be moving in the right direction between the US and Iran, which could see more than a million barrels re-enter the market.

10-02-2022 05:38 GMT by Craig Erlam

Oil pops on surprise draw, gold firm ahead of CPI

Oil rallies on tight supplies Oil rallied after a surprise crude draw reinforced how tight the oil market remains. Crude prices have too many catalysts that support a move to USD 100 oil in the near future: Geopolitical tensions across Europe and the Middle East should remain wildcards for oil, crude demand continues to improve as large parts of the world return to normal travel behavior, and as OPEC and non-OPEC output gradually increases. The weekly EIA crude oil inventory report showed sto

09-02-2022 12:19 GMT by Edward Moya

Oil dips as Iran talks continue, gold flat

Oil eases as talks continue Oil prices are continuing to soften on Wednesday, as traders continue to weigh up the prospect of a nuclear deal between the US and Iran that could see more than a million barrels of oil flood the market at a time when it's very much needed. One eye will also be on the EIA inventory data after API reported a more than two million barrel drawdown on Tuesday. WTI has slipped back below USD 90 but Brent is continuing to hold around there, after finding strong support o

09-02-2022 08:39 GMT by Craig Erlam

Oil eases, gold extends rally

Oil pares gains as nuclear talks continue The oil price rally is cooling on Tuesday as the US and Iran indirectly continue talks over the nuclear deal that could see more than a million barrels quickly come back online. It couldn't come at a better time given how tight the market is, not to mention politically for President Biden ahead of the midterms.

08-02-2022 13:53 GMT by Craig Erlam

Crude drops while gold shines

Oil extends losses Crude prices extended declines on a possible de-escalation with the Ukraine situation and possible progress with Iran nuclear talks. This was an easy trade for energy traders as the bullish run higher has clearly hit some exhaustion. Oil’s weakness was primarily from incremental progress over geopolitical tensions and a stronger dollar that emerged from rising Treasury yields. The focus will shift to US stockpiles and expectations are for inventories to post a modest build.

08-02-2022 12:22 GMT by Edward Moya

US Close: Slow Start for Stocks, Lagarde pushes back, Oil rally pauses, Gold rallies, Bitcoin momo is back

US stocks will struggle for direction until the latest inflation tilts market’s expectations as to how aggressive the Fed will tighten into what is still deemed as an overvalued stock market. Wall Street saw early selling pressure for tech stocks as investors still digest a wrath of disappointing outlooks and surging borrowing costs. Technology stocks are no longer a one-way trade as investors cut losses and now focus on valuations, competition, and long-term outlooks. FX Financial markets are

07-02-2022 16:29 GMT by Edward Moya

Oil stalls, gold moves upwards

Oil rally stalls as nuclear talks take a step forward Oil prices are a little flat at the start of the week with the rally losing a little momentum after nuclear talks between the US and Iran appeared to make positive progress. It seems we're into the final stretch, one way or another, and Biden's decision to restore sanction waivers could signal that they're heading in the right direction. Biden has an additional incentive to reach a deal, given the sky-high crude prices and what a deal could

07-02-2022 10:52 GMT by Craig Erlam

Commodities and Cryptos: Oil surges, Gold hovers around $1800, Bitcoin $40k ceiling may get tested

Oil Crude prices seem to have a one-way ticket to $100 oil. This week’s rally in crude was supported by the OPEC+ decision to stick to their gradual increase strategy and as US production fell again. An artic blast is also disrupting some production in Texas and that is driving this latest price surge. Initially crude prices pared gains after a shockingly strong NFP report sent yields and the dollar higher, but that was short-lived as energy traders realized that the key takeaway is that the

04-02-2022 11:09 GMT by Edward Moya

Oil stays strong, gold volatile

Oil heading for USD 100? A winter storm in Texas appears to have been responsible for the latest spike in crude prices, as traders fret about the possibility of outages in the Permian Basin. In such a tight market, that's more than enough to encourage traders to buy what was the mildest of dips following the OPEC+ meeting earlier this week. With both Brent and WTI now comfortably above USD 90, it may just be a matter of time until we're closing in on triple-figures.

04-02-2022 08:43 GMT by Craig Erlam

Commodities and Cryptos: Nat Gas volatility, WTI crude tops $90, Gold pares losses, Bitcoin lower

The UK power regulator approved a 54% increase for prices starting on April 1st. This follows the 12% price jump households saw in October. UK energy companies can now pass along the rise in natural gas prices to consumers, which will punish 15 million that rely on floating rate pricing.

03-02-2022 15:47 GMT by Edward Moya

Oil eases lower, gold falls below USD 1800

Oil softens but major correction unlikely Oil prices are softening a little again today, as they continue to struggle around the USD 90 level. This comes even as OPEC+ refused to be pressured into raising output faster in March - or perhaps be forced to do something they're unable to do right now.

03-02-2022 11:30 GMT by Craig Erlam

Oil whips around, gold steady above USD 1800

Oil goes on wild ride Energy traders knew today was going to be a wild ride with another OPEC+ meeting, the weekly EIA crude oil inventory report, and as Ukraine-Russia tensions intensified. OPEC+ meetings are a big wildcard, with some meetings getting dragged out for days, while others end very quickly.

02-02-2022 13:28 GMT by Edward Moya

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

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