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.

Market Insights Podcast (Episode 279)

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 mixed nonfarm payroll report, FOMC rate and balance sheet expectations, what was behind the moves with oil's strong price rally, and the poor first week of trade for cryptos. They also discuss what the week ahead has in store for financial markets.

07-01-2022 14:47 GMT by Edward Moya

Week Ahead - Earnings season is upon us

It's been quite the start to the year, with omicron fears subsiding only to be replaced by interest rate anxiety once more. This could be the theme for the coming months, as policymakers are forced to take inflationary pressures more seriously in the hope that a little now will prevent the need for a lot more later.

07-01-2022 12:50 GMT by Craig Erlam

Commodities and Cryptos: Oil pares weekly gain, Gold’s bad week could have been worse, Tough week for cryptos

Oil After a robust trading week, oil prices had a choppy Friday session after reports that Kazakhstan did not have to halt any oil and gas production and following the latest employment report that still paved the way for a March Fed rate hike. While optimism is high that the omicron variant impact on the crude demand outlook will be short-lived, it is too early to be optimistic that the worst of this wave is over. The US CDC Director noted that the US hasn't seen the peak of this covid wave

07-01-2022 12:15 GMT by Edward Moya

Oil rally, bullish gold case weak, bitcoin lower

Oil at two month high as OPEC struggles to hit quotas Oil prices are continuing to climb at the end of the week as unrest in Kazakhstan and lower output from Libya further hamper producers' ability to gradually return to pre-pandemic levels. We are already seeing OPEC+ struggle to deliver the agreed 400,000 barrel per day increase and this is further exacerbating the problem. And it's happening at a time when demand is expected to remain strong thanks to omicron symptoms being mild by comparison

07-01-2022 11:50 GMT by Craig Erlam

Oil rises on supply disruptions, gold slides

Oil rallies impressively As mentioned yesterday, oil’s price action is bullish, as it shrugged off a series of seemingly bearish news inputs over the last 48 hours. That news swung the other way overnight, with domestic protests disrupting local production, and with the arrival of Russian paratroopers to restore order.

07-01-2022 03:43 GMT by Jeffrey Halley

Commodities and Cryptos: Oil market getting tighter, Gold battered as yields rally, Bitcoin in danger

Oil A tight oil market just got hit with supply disruptions and geopolitical risks, which means oil prices are headed higher. Oil prices were boosted after growing unrest in Kazakhstan posed a risk to their 1.6 million barrels per day of production. Insurgents were responsible at the beginning of the year for sending Libyan production to the lowest levels in more than a year. Energy traders are growing very confident this market will remain very tight and now that omicron worries have eased o

06-01-2022 15:55 GMT by Edward Moya

Oil pushes higher, gold slides after FOMC

Oil shakes off sentiment hit Oil is continuing to push higher as traders price in a modest economic impact from omicron. The OPEC+ meeting this week supported the view and the price of oil is now not far from its October peak, with WTI closing in on USD 80 for the first time in almost two months. The knock to broader market sentiment from the Fed minutes is not reverberating around the crude market, with prices up more than 2% on the day and backed by momentum. Gold hit hard by Fed minutes G

06-01-2022 13:29 GMT by Craig Erlam

Oil and gold trading sideways

Oil is bid despite its fall today Oil prices were almost unchanged overnight, despite a massive 10 million barrel increase in US Gasoline Inventories, distillates rising by 4.4 million barrels and Crude Inventories falling only 2.5 million barrels, with Cushing Stocks climbing by about the same. That should all have been bad news for oil prices, implying that omicron is weighing on mobility and consumption.

06-01-2022 05:33 GMT by Jeffrey Halley

Oil pares gains after EIA, gold rises

Oil Crude prices tentatively pared gains after the EIA crude oil inventory report posted a smaller-than-expected headline draw, while gasoline demand plummeted the most since April 2020. The EIA report was a mixed bag that didn’t have anything to change the tight outlook for the oil market. A headline draw of 2.14 million barrels last week was the sixth consecutive decline, but the focus was on big builds with gasoline and distillate inventories, which were largely due to seasonal factors. Bo

05-01-2022 13:07 GMT by Edward Moya

Oil running on empty gold eyes FOMC

Oil running on fumes The oil price recovery may be starting to run on fumes after OPEC+ confirmed what markets had been pricing in over the last couple of weeks; that omicron won't have an overly detrimental impact on crude demand. In continuing its 400,000 barrels per day, monthly increases, the group offered further comfort to investors that the economic impact is likely to be minor and short-lived. The question now is whether the group can meet quotas which have reportedly been a challenge

05-01-2022 10:53 GMT by Craig Erlam

Market Insights Podcast (Episode 278)

OANDA Senior Market Analyst Craig Erlam previews the day's market news with Jonny Hart. They discussed the markets start to the year, OPEC+ and previewed the Fed minutes.

05-01-2022 07:54 GMT by Craig Erlam

Oil rallies, gold gains ground

OPEC+ can’t dent oil Oil prices rallied overnight, despite OPEC+ announcing its pre-planned 400,000 bpd increase in monthly production. The omicron is omi-gone trade continued to hold sway, with its brighter outlook for world growth and oil consumption lifting oil prices, aided by larger than expected drawdown from private US API Crude Inventories. Brent crude rose by 1.60% to USD 80.15 overnight, with WTI climbing by 1.60% as well to USD 77.20 a barrel.

05-01-2022 05:28 GMT by Jeffrey Halley

Commodities and Cryptos: Oil rallies after OPEC+ agrees on more production, Gold rebounds, Bitcoin steady

Oil Crude prices are rising again as OPEC+ grows more confident that the global crude demand outlook will only take a limited hit from the omicron variant. The plan to gradually return production can move forward as OPEC+ anticipates a tighter market in the first quarter. When you factor in that many countries are struggling to hit their quotas, even Russia, the oil market should expect this lack of capacity will keep prices heading higher throughout the year. WTI crude is back above many ke

04-01-2022 15:54 GMT by Edward Moya

Oil extends gains, gold vulnerable

Oil well supported after OPEC+ assessment Oil prices are extending gains after the OPEC+ meeting today, at which producers agreed to continue to increase output by 400,000 barrels per day, next month. At the last meeting, the group agreed to continue with planned increases in January but made clear it could make adjustments at any point if omicron proves to be a significant drag on demand. It's clear based on today's meeting that downside risks to demand from the new variant never materialized

04-01-2022 14:54 GMT by Craig Erlam

Oil edges up, gold vulnerable

Oil moves to the top of its range Oil prices edged higher overnight, Brent crude rising 1.25% to USD 78.90, and WTI climbing 0.85% to USD 75.95 a barrel. Diminishing omicron concerns have supported oil through the holiday period and the spectre of OPEC+ now looms over energy markets.

04-01-2022 05:37 GMT by Jeffrey Halley

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