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.

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

Oil's one-way move, gold breakout,

Oil keeps rolling It appears that crude prices are still on a one-way street headed towards USD 100 oil. The improving demand outlook and vulnerable supply situation suggest the oil market will remain tight for the foreseeable future. It seems like the list of disruptions to supply keeps on growing, in the past week the following countries have been impacted: Libya, the US (North Dakota), Peru, Iraq to Turkey, UAE, and Kazakhstan. The lack of investment in new wells suggests the oil market wi

19-01-2022 15:38 GMT by Edward Moya

Market Insights Podcast (Episode 284)

OANDA Senior Market Analyst Ed Moya previews the day's market news with Jonny Hart. They discussed markets, both UK and Canadian CPI data reaching highest level in three decades, recap Goldman Sach's earnings, oil hitting a seven-year high, China's GDP data, and the recent bond market volatility.

19-01-2022 14:52 GMT by Edward Moya

Oil posts gains, gold calm

Oil gathering momentum as USD 100 oil looks increasingly likely Oil prices are continuing to climb on Wednesday and find themselves only a little shy of USD 90 a barrel. This happened as IEA confirmed that the market looks tighter than previously anticipated as a result of stronger demand, despite omicron, and the inability of OPEC+ to hit its monthly increased production targets.

19-01-2022 09:18 GMT by Craig Erlam

Canadian dollar falls below 1.25

The Canadian dollar continues to push higher and USD/CAD has dropped below the symbolic 1.25 line. The pair is currently trading at 1.2476 and is close to 1.2553, its lowest level since November 10th. US Treasury rates continue to move higher.

19-01-2022 07:35 GMT by Kenneth Fisher

Commodity and Cryptos: Oil breaks out, Gold hovers, Cryptos lower

Oil The best trade on Wall Street for many traders is the rally in crude prices and energy stocks. A lot of fundamentals just flipped to bullish and that could have oil prices continue to push higher.

18-01-2022 17:19 GMT by Edward Moya

Oil at 7-year high, gold steady

Oil jumps as OPEC see a well-supported market Oil is trading at a seven-year high and the latest OPEC report offers little hope of that trend reversing course, with the group confident that demand growth will remain strong this year. OPEC sees demand hitting 100m barrels per day in Q3, surpassing pre-pandemic levels this year.

18-01-2022 13:19 GMT by Craig Erlam

Market Insights Podcast (Episode 283)

OANDA Senior Market Analyst Craig Erlam previews the day's market news with Jonny Hart. They discussed markets, UK jobs data, Bank of Japan, and oil hitting a seven-year high.

18-01-2022 12:23 GMT by Craig Erlam

Oil rises, gold faces key resistance

Oil rally continues as output continues to fall short Oil prices are edging higher again at the start of the week as it continues its remarkable run since bottoming in early December. It's up more than 30% over that time and there still appears to be momentum in the move.

17-01-2022 13:28 GMT by Craig Erlam

Commodity and Cryptos: Oil rallies, gold pares weekly gain, Musk pumps up Dogecoin

Crude prices continue to rally on optimism that the oil market will remain tight as COVID pandemic starts to move into the endemic phase. Money managers are turning very bullish with Brent crude, sending bullish bets to an 11-week high. Today’s oil price rally is very impressive given how strong the dollar is today.

14-01-2022 15:18 GMT by Edward Moya

Oil rally, gold resilient, bitcoin unloved

European energy crisis deepens, while oil continues higher Oil prices are higher again on Friday, continuing to trade around the highest levels seen in more than seven years. We could potentially be seeing some signs of exhaustion in the rally, with momentum indicators easing despite price continuing higher, but we're not seeing it to any significant degree.

14-01-2022 09:59 GMT by Craig Erlam

Gold - Holding firm despite higher rates

OANDA Senior Market Analyst Craig Erlam discusses gold as it tests key resistance despite yields rising in anticipation of higher interest rates this year.

14-01-2022 06:04 GMT by Craig Erlam

Commodities and Cryptos: Oil dips, Gold off highs, Bitcoin lower

Oil Crude prices edged lower as political pressure grew for the White House to lobby OPEC+ to make sure the group as a whole can hit their quotas as a few members have struggled. The short-term outlook still has many risks, but optimism is high that will be short-lived. Delta CEO Ed Bastian expects omicron to delay the rebound in travel demand by 60 days. The oil market will remain very tight this year and most likely over the next few years as most energy companies are not investing in massi

13-01-2022 16:39 GMT by Edward Moya

Oil stays near highs, gold trading sideways

Oil remains bullish near highs Oil prices are easing again today after moving back towards seven-year highs in recent weeks. It was given an additional bump yesterday following the release of the EIA data which showed a larger draw than expected.

13-01-2022 11:06 GMT by Craig Erlam

Oil higher post CPI & EIA report, gold steady

Oil extends rally on EIA drawdown Crude prices extended gains after oil inventories fell to the lowest levels since October 2018. The EIA crude oil inventory posted a larger-than-expected headline decline of 4.55 million barrels versus an expected 1.6 million draw. Both gasoline and distillate inventories rose as consumption decreased. Gasoline demand was weaker-than-expected and still below pre-pandemic levels and if this becomes a trend oil won't be able to continue to push higher.

12-01-2022 12:49 GMT by Edward Moya

Oil rally continues, gold choppy

Fundamentals remain bullish for crude Oil prices are trading back around their highest levels since late October after another surge on Tuesday. The rally continues as OPEC continues to miss output targets and Libya reportedly struggles to ramp up production again.

12-01-2022 10:44 GMT by Craig Erlam

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