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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.

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Oil picture favourable, gold well supported
Fundamentals remain bullish for oil Oil got caught up in the sell-everything panic at the start of the week, sliding more than 3% at one stage before recovering a little. There wasn't much sense behind the move, but the fact that the dollar was strengthening and crude was already seeing profit-taking after peaking just shy of USD 90, probably contributed to it. The market remains fundamentally bullish and conflict with Russia does nothing to alleviate supply-side pressures.
Jan 25, 2022 by Craig Erlam
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US Close: Stocks Claw back, Fed Preview, Oil drops, Gold steady, Bitcoin fights for its life
Stocks tried to claw their way back from a massive Monday liquidation that stemmed from rising fears of aggressive Fed tightening and on fears of Russian invasion of Ukraine.  Investors may have gotten a bit too pessimistic about the growth outlook and the market selloff looked more like a reaction that the Wall Street was thinking the Fed could signal a 50-basis point rate hike for the March meeting and a late spring kickoff to the balance sheet runoff.  Fed Preview Market expectations going in
Jan 24, 2022 by Edward Moya
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Oil prices ease, gold pares gains
Oil lower but fundamentals remain bullish Oil prices are lower at the start of the week as we continue to see some profit-taking alongside another hit to risk appetite. It's been a remarkable rally and there's nothing to suggest that prices are peaking.
Jan 24, 2022 by Craig Erlam
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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
Jan 21, 2022 by Edward Moya
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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.
Jan 21, 2022 by Craig Erlam
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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.
Jan 21, 2022 by Craig Erlam
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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
Jan 20, 2022 by Edward Moya
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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
Jan 20, 2022 by Craig Erlam
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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
Jan 19, 2022 by Edward Moya
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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.
Jan 19, 2022 by Edward Moya
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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.
Jan 19, 2022 by Craig Erlam
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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.
Jan 19, 2022 by Kenneth Fisher
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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.
Jan 18, 2022 by Craig Erlam
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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.
Jan 17, 2022 by Craig Erlam
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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.
Jan 14, 2022 by Craig Erlam
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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
Jan 13, 2022 by Edward Moya
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