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 pares declines, gold stabilises

Oil buoyed by inventory reversal Oil prices are back in the green on Wednesday, paring yesterday's declines just as WTI appeared to be nearing USD 100 once more. The recovery was aided by the EIA inventory data which reversed last week's shock 9.4 million barrel increase to register an 8 million barrel draw. The downward revisions to growth forecasts from the IMF and World Bank in recent days weighed on oil prices after a four-day surge.

20-04-2022 12:54 GMT by Craig Erlam

Oil down on IMF, gold whipsaws

IMF China forecast slams oil prices Libya’s production and export issues have been quickly forgotten as the IMF belatedly lowered its forecast for China's GDP this year, citing Covid-zero challenges amongst others. Lower China growth equals lower oil consumption in the simplistic minds of day traders, and oil prices duly slumped.

20-04-2022 05:49 GMT by Jeffrey Halley

China disappoints on stimulus hopes, again

China maintains LPRs China disappointed markets that were looking for more comprehensive stimulus measures as it left both its one and five-year Loan prime Rates (LPR) unchanged. Although the PBOC did announce some targeted support measures for homeowners and small businesses and set a much weaker CNY fix versus the US dollar today, equities in China have bucked the trend elsewhere, heading directly south. China continues to stay wedded to deleveraging parts of the economy while attempting to a

20-04-2022 03:57 GMT by Jeffrey Halley

Oil slides, gold eyes USD 2000

Oil slips back but upside risks remain Another volatile day of trade in oil markets has seen Brent and WTI falling around 5%. Lower growth forecasts and slower Chinese growth at the end of the first quarter amid lockdowns appear to have driven the bulk of the move, although it comes following a strong four-day rally after the world's second-largest economy started easing restrictions. There remain plenty of upside risks to the oil price, even at these levels, which makes today's large declines a

19-04-2022 13:52 GMT by Craig Erlam

A bullard in a China shop

The who can be the most hawkish Federal Reserve President continued overnight as James Bullard came out swinging, suggesting that Fed Funds may need to rise to a “neutral” rate of 3.50%, and suggesting a 0.75% rate hike along the way wasn’t out of the question. The impact of the statements was minimal in the end as it likely doesn’t reflect the views of the FOMC, yet.

19-04-2022 05:34 GMT by Jeffrey Halley

Oil rises, gold eases lower

Libya nerves lift oil prices Libyan officials announced several force majeure on oil deliveries overnight, as expected. With export terminals effectively shut down due to protests or occupation, oil prices edged higher, helped by the Ukrainian comments that Russia’s eastern assault had begun.

19-04-2022 05:32 GMT by Jeffrey Halley

Libya nerves lift oil prices

Oil prices are around 1.0% higher today in Asia as trading resumes after the Good Friday holiday. In thin trading, oil closed modestly higher on Thursday, and today, Brent crude has risen to USD 112.75 a barrel, and WTI to USD 108.00 a barrel.

18-04-2022 06:06 GMT by Jeffrey Halley

Week Ahead -The bond market selloff continues

The bond market selloff did not ease up heading into the long holiday weekend and traders will have to soon decide if they decide to sell in May and go away. The upcoming week is filled with another round of earnings, major economic data out of China, a French debate, and a wrath of commentary from finance ministers and central bankers at the IMF/World Bank spring meetings.

14-04-2022 16:32 GMT by Edward Moya

US Close: Retail Sales weighed by energy price surge, Musk’s calculated Twitter offer, Commodities hit hard by strong dollar, Bitcoin below $40k

Wall Street is ready for a long weekend and stocks are struggling here after mixed bank earnings and a retail sales report that showed the consumer is spending more money on essentials. The second act of bank earnings rewarded Goldman and Morgan Stanley for strong trading revenues, while Citigroup was hampered by their exposure to Russia and Wells Fargo posted disappointing revenue and net interest income.

14-04-2022 14:27 GMT by Edward Moya

Oil drifting, gold pares gains

Oil remains rangebound after recovery this week Oil prices are a little lower on Thursday after rallying strongly the previous two days. The flirtation below USD 100 didn't last long as the slight lifting of restrictions in China partly removed one key downside risk for prices.

14-04-2022 10:23 GMT by Craig Erlam

Oil and gold rally

Oil prices rally again overnight Oil prices ignored the peak inflation noise from equity and currency markets, posting another day of sharp increases as concerns around tight supplies globally persist and China Covid restrictions were eased in Shanghai. The difference in perceptions between the various asset classes could not be starker now.

14-04-2022 04:39 GMT by Jeffrey Halley

Oil rally returns, Gold eyes USD 2k

Oil Crude prices were unfazed after the EIA crude oil inventory report posted the biggest build since March 2021. Overall, the EIA report was mixed as the massive build was offset by improving gasoline and jet fuel demand, while US production remained steady.

13-04-2022 12:49 GMT by Edward Moya

Oil rises, gold extends rally

Oil pushing higher as OEPC continues to disappoint Oil prices are continuing to push higher after spiking on Tuesday. The slight easing of restrictions in China and pushback from OPEC to EU requests for higher output triggered a sharp rally yesterday just as the price was flirting with double digits.

13-04-2022 12:38 GMT by Craig Erlam

Market Insights Podcast (Episode 319)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the latest inflation data from the UK and US, the RBNZ rate hike, upcoming BoC rate decision and the moves in oil.

13-04-2022 06:01 GMT by Craig Erlam

Oil rallies, gold edges higher

Oil prices rally overnight Oil prices rallied sharply overnight as OPEC rebuffed increasing production above already agreed amounts, and Russian oil production fell below 10 mio barrels per day. Putin’s Ukraine negotiation dead-end comments also dampened hopes that a negotiated settlement could relieve tight energy markets. Brent crude rallied 5.55% higher to USD 104.85, and WTI leapt 6.10% higher to USD 101.00 a barrel.

13-04-2022 04:48 GMT by Jeffrey Halley

Peak inflation nations

Has US inflation peaked? Equity markets ex-China are rallying today as US equity futures jump in Asian trading. Overnight, US inflation hit multi-decade highs, with YOY inflation printing at 8.50%, while core inflation rose by 6.50% YOY.

13-04-2022 04:06 GMT by Jeffrey Halley

Oil back above USD 100, gold shines

USD 100 oil is back and it is probably going to stay. The crude correction ended now that the market has mostly priced in the strategic petroleum release plan, China is beginning to lift some of their lockdowns and as negotiations between Russia and Ukraine appear to have hit a dead-end.

12-04-2022 15:40 GMT by Edward Moya

Oil surges on OPEC, gold jumps on inflation

Oil spikes as OPEC offers the EU little hope Oil prices are spiking after flirting with sub-USD 100 levels in recent days as China appeared to loosen lockdown restrictions and OPEC warned that it would be impossible to replace Russian crude while pushing back against calls for it to utilise its spare capacity. This also came as it reported a decline in supply and demand growth this year and another missed month of production targets; something that the market expects after months of the same. Wh

12-04-2022 12:49 GMT by Craig Erlam

China weighs on oil, gold edges up

China growth fears continue to weigh on oil Oil prices finished sharply lower overnight, despite OPEC telling Europe they wouldn’t be pumping any more oil. Recession fears around US monetary policy and mostly, fears surrounding China’s growth outlook and its Covid zero policy, pushed oil prices down in overnight trading. Brent crude fell 2.90% to USD 99.25 overnight, while WTI fell 2.65% to USD 95.20 a barrel.

12-04-2022 05:31 GMT by Jeffrey Halley

Oil slumps as China struggles with COVID, gold remains volatile

Oil falls on China's Covid outbreak Oil prices headed lower as energy traders continue to price in further crude demand destruction as China's covid outbreak worsens. WTI crude knew it was in trouble given the deteriorating crude demand outlook, a stronger dollar, and after a senior US administration official said that President Biden did not make a “concrete ask” to India to ease up their energy purchases from Russia. The oil market is getting beat up and it might take exhaustion from the stro

11-04-2022 15:08 GMT by Edward Moya

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