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 surges post EIA report, gold vulnerable

Oil rises on EIA surplus Crude prices rose after the EIA crude oil report posted a surprisingly large draw. US stockpiles plunged by 7.1 million barrels last week, much more than consensus estimate draw of 100K barrels.

17-08-2022 12:49 GMT by Edward Moya

Oil edges higher, gold flat

Oil rebounds off support as JCPOA talks continue Oil prices are edging higher on Wednesday, bouncing off technical support over the last 24 hours as Chinese Premier Li pushed for more pro-growth measures from local officials. There are growing downside risks as a result of the growth outlook and ongoing uncertainty around Chinese Covid restrictions. What's more, talks between the US and Iran are continuing around the nuclear deal which, if it gets over the line, could be a big positive for oil s

17-08-2022 04:50 GMT by Craig Erlam

Oil stumbles, gold edges lower

Oil eyes Iran nuclear talks After 18 months of negotiations, progress has been made in reviving the Iran nuclear deal. We’ve been here before and have seen talks fall apart. What is a little different this time is that it seems the Iranians are willing to discuss the terms. If the Iran nuclear deal is revived, that could send oil prices down to the low $80s. Crude prices are declining over fears China’s growth could slow much more and on improving odds that the Iranian crude could flood th

16-08-2022 13:22 GMT by Edward Moya

Oil extends decline, gold edges lower

Two-way risk for oil as a decision on JCPOA nears? Oil prices are sliding once more after tumbling on Monday following some woeful Chinese data. The unexpected MLF rate cut from the PBOC may have further spooked traders as it's unlikely to have any positive impact and just looked a little desperate.

16-08-2022 06:56 GMT by Craig Erlam

Market Insights Podcast (Episode 365)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the economic data from China and Japan, Saudi Aramco results and oil.

15-08-2022 09:47 GMT by Craig Erlam

Oil and gold lose ground

Oil slips amid poor China data One area where traders are paying attention to the Chinese data is clearly commodity markets, with crude off 2% on Monday. The figures from China really are a concern and the authorities have a big job on their hands arresting flagging domestic demand.

15-08-2022 05:40 GMT by Craig Erlam

Oil rebounds, gold consolidates

Brent eyes $100 after mixed headline week The oil market has bounced back this week, with Brent once more flirting with triple-figures. There's been a lot to digest this week, with Iran nuclear talks ongoing, US inventories rising, US output also rising, the Druzhba pipeline saga and the various forecasts. Even the forecasts themselves offered contrasting views, with OPEC downgrading demand growth and expecting the oil market to tip into surplus this quarter.

12-08-2022 05:18 GMT by Craig Erlam

Oil rallies, gold rally capped

Oil Crude prices are rising after demand destruction fears have become overdone. Nationwide gas prices are now below $4 a gallon and that should definitely provide some relief for what has been a lackluster summer driving season. The economy is in too good shape for further crude demand destruction to occur and that should keep oil prices supported well above the $90 level. The IEA is noting that global oil demand growth will continue as oil consumption will benefit from new demand as elevate

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

Oil stablizes, gold pares gains

Oil treading water after volatile 24 hours Needless to say, it was quite a volatile session in oil markets on Wednesday. A positive surprise on inflation was followed by a huge inventory build reported by EIA and then the highest US output since April 2020.

11-08-2022 06:10 GMT by Craig Erlam

Oil's busy day, No need for safe-havens keep gold grounded

Oil Oil prices went on a rollercoaster ride after inflation eased slightly, the resumption of oil flows through the Druzhba pipeline, and as US production rose to the highest levels since April 2020, while oil inventories posted a large build. The EIA crude oil inventory had a lot to take in.

10-08-2022 11:16 GMT by Edward Moya

Oil falls under $90, gold rises ahead of US CPI

Oil slips amid positive nuclear talks and a surprise inventory build Oil prices are slipping again on Wednesday with WTI dropping back below $90 a barrel amid positive noises coming from the Iran nuclear talks. I don't think we're at the optimistic stage yet as we've seen talks break down before when a deal appears close but it's looking more promising than it has for many months.

10-08-2022 04:58 GMT by Craig Erlam

Oil pops, gold strong heading into inflation report

Oil Crude prices surged after Russian oil supplies were halted to Eastern Europe. A simple disruption that stemmed from Western sanctions that do not allow accepting transit fees from Moscow reminded us of how quick the oil market can tighten.

09-08-2022 15:07 GMT by Edward Moya

Oil dips lower, gold eyes US inflation

Oil edges lower as Vienna talks conclude Oil prices are marginally lower on Tuesday after recovering slightly at the start of the week. All of the talk of recession has caught up with crude prices over the summer, forcing a substantial correction that will be welcomed by those looking on in horror as they fill their cars. The question is how sustainable $90 oil is when the market remains very tight and OPEC+ is only willing to make small moves in order to address it.

09-08-2022 04:56 GMT by Craig Erlam

US Close - Stock rally faded, Nvidia's warning, Oil rebounds, Gold above $1800, and Bitcoin eyes breakout

With persistent inflation and a strong labor market, the Fed is on a clear path to raise rates. This week is all about inflation and many traders are expecting to see the inflation to decelerate.

08-08-2022 16:23 GMT by Edward Moya

Oil ticks higher, gold flat after strong NFP

Iran talks resume as oil makes small gains Oil prices are a little higher today, recovering from the lows on Friday. The jobs report highlighted how strong the economy remains although traders are now increasingly nervous about more aggressive tightening sending the economy into a deeper recession further down the road.

08-08-2022 04:28 GMT by Craig Erlam

NFP React: What economic slowdown? Jobs Shocker supports Fed 75bp argument for September, Stocks drop, Oil pares weekly losses, Gold rally ends, Bitcoin equity correlation ends

The July nonfarm payroll report delivered a juicy plot twist in the Wall Street’s Fed pivot playbook. Stubbornly high inflation and a global economic slowdown was expected to drag down the US economy, but after today’s jobs report that does not seem to be the case. Fed officials were already pushing back on the idea of a Fed pivot and now it seems they will be debating whether they need to be even more aggressive to tackle inflation given how strong the labor market is performing. US stocks pl

05-08-2022 12:50 GMT by Edward Moya

Week Ahead - Fear returns ahead of inflation data

Can the Fed afford to ease off the brake? The end of last week was a bit of a reality check for investors that were maybe getting a little carried away with the supposed "dovish pivot" from the Fed and turning a blind eye to the data and what central bank policymakers were saying. Perhaps the experience of the last 12 months can explain the latter but there's no ignoring the data that we saw on Friday. The US economy is certainly not behaving like it's in a recession; rather the labour mar

05-08-2022 12:10 GMT by Craig Erlam

Oil dips under USD 90, gold awaits NFP

Oil slips below USD 90 as recession fears mount Oil prices are marginally higher on Friday after spending most of the week on the decline. It hasn't been the most bullish week of headlines for crude, whether that be all of the recession chat (most notably from the UK), the new OPEC+ deal or the EIA inventory build.

05-08-2022 07:06 GMT by Craig Erlam

Oil slides, gold rally continues

Oil prices slump overnight Although OPEC+ was a damp squib, rising recession fears saw oil prices slump once again overnight after a negative global outlook from the Bank of England policy meeting. Both Brent crude and WTI have now comprehensively broken lower through their 200 DMA’s, a negative technical development.

05-08-2022 04:24 GMT by Jeffrey Halley

WTI breaks below USD 90, gold shining brightly

Oil The oil market is a mixed bag as demand destruction is met with limited spare capacity. Ongoing weakness should be unlikely since the oil market remains tight, but the break of the key technical USD 90 level could unleash some momentum selling.

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

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