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.

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.

Feb 08, 2022 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

Feb 07, 2022 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

Feb 07, 2022 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

Feb 04, 2022 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.

Feb 04, 2022 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.

Feb 03, 2022 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.

Feb 03, 2022 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.

Feb 02, 2022 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

Feb 02, 2022 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.

Feb 01, 2022 by Edward Moya

Waiting OPEC+ decision, Exxon investing in new wells, gold rallies above USD 1800

Oil/Exxon Crude prices edged lower ahead of the OPEC+ meeting on output and after Exxon’s quarterly update showed the oil giant was ready to significantly increase its investment in new wells. Fears of an OPEC+ surprise has many energy traders locked in profits. OPEC+ is expected to stick to the script and deliver a 400,000 bpd increase next month and when you factor in that many members are struggling to hit their quotas, oil seems poised to head higher. Fears of disruption to supplies will

Feb 01, 2022 by Edward Moya

Commodities and Cryptos: Crude rally continues, Gold bounce, Bitcoin rises

Energy Prices Crude prices continue to rise over Ukraine-Russia tensions, supply likely to remain tight into the summer, and surging demand on reopening momentum and improving temperatures across Europe and Asia. January has been a great month for oil prices and $100 oil might not be too far away as expectations are high that supply will not come close to catching up with demand as OPEC+ will deliver gradual production increase targets that they will fall short of reaching. Many energy trader

Jan 31, 2022 by Edward Moya

Week Ahead - RBA, BOE, ECB, OPEC+, and NFP in focus

After a rollercoaster January, Wall Street is now expecting the Fed to aggressively raise interest rates over the course of the year as they scramble to control inflation. The US dollar is once again king as most economists are now expecting the Fed to deliver anywhere between 3-7 rate hikes this year. The upcoming week is filled with a few big rate decisions from the RBA, BOE, and ECB.

Jan 28, 2022 by Edward Moya

Commodities and Cryptos: Crude's great week, Gold extends losses, Bitcoin rebounds

Oil Crude prices have been on fire, rising for a sixth straight week as the demand outlook improves and over geopolitical fears could lead to severe production disruptions. The supply side continues to support a tight market as OPEC+ is expected to stick to their plan of increasing output by 400,000 bpd in March, even though their compliance last month only hit 60% of plan. Now that $90 oil is here, it won’t take much to get prices to $100 and that will just intensify the global energy crisis.

Jan 28, 2022 by Edward Moya

Commodities and Cryptos: Oil falls, Nat Gas Squeeze, Gold breaks $1800, Bitcoin declines

Oil WTI crude prices reversed earlier gains as the dollar surged following better-than-expected economic data that supported the idea that the economy can handle rapid Fed rate hikes. No one is questioning how tight the oil market remains, but there is some exhaustion after making fresh seven-year highs and that has led to some profit-taking.

Jan 27, 2022 by Edward Moya

Market Insights Podcast (Episode 288)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discussed the Fed, US GDP, gold and the week ahead.

Jan 27, 2022 by Craig Erlam

Oil rises, gold tumbles on Fed

Oil has sight set on USD 100 Oil prices are making decent gains again on Thursday, with Brent once more above USD 90 which is naturally leading to talk of USD 100 oil and when it will happen. The environment continues to be very bullish for oil prices, given supply issues within OPEC+, strong demand, and now, geopolitical risk premiums.

Jan 27, 2022 by Craig Erlam

Commodities and Cryptos: Oil won't stop rising, Gold falls, Bitcoin higher

Oil Brent crude prices breached the $90 level, the highest level since 2014, joining a broad risk-on Wall Street move and shrugging off a somewhat bearish EIA crude oil inventory report. Energy traders are anticipating higher energy prices on potential geopolitical risks and as OPEC+ will stick to their plan to deliver another modest increase to production at next week’s meeting. Oil inventories posted a larger build than expected, jet fuel demand plunged, gasoline imports dropped, demand imp

Jan 26, 2022 by Edward Moya

Oil eyes USD 100, gold awaits FOMC

Oil eyeing triple figures after brief pullback Oil prices are continuing to edge higher after a brief pullback last week. The move followed some turbulence at the start of the week and came as API reported an 872,000 barrel draw which exceeded expectations.

Jan 26, 2022 by Craig Erlam

Gold rally, oil higher on geo risks

Gold/FX Gold is rallying as investors run to safety over fears the Fed will aggressively tighten policy and as the list of geopolitical risks continues to grow: The Russian-Ukraine standoff will remain a tense situation for the foreseeable future, North Korea may resume nuclear tests, and Iran nuclear talks are approaching a decisive moment. The dollar edged higher as the Treasury steadied into the start of the two-day FOMC policy meeting. Oil rises over Russia/Ukraine jitters Geopolitical r

Jan 25, 2022 by Edward Moya

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