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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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Jackson Hole Reaction: No doves allowed, ECB hike expectations rise, Oil slumps, Gold lower, Bitcoin dips below $21k
US stocks declined after Fed Chair Powell delivered a short and clear message that they will continue to raise rates and hold them at a higher level until they are confident inflation is under control. The market reaction was for rate cuts to get priced further out and a minimal boost for additional pricing to get done before the end of the year.  Powell is not budging on having restrictive policy and that should mean the economy will steadily weaken going forward.  Powell drove home the point t
26-08-2022 11:19 GMT by Edward Moya
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Oil stable at $100, gold eyes Powell speech
Oil steadies around $100 Oil prices are a little higher, with Brent hovering around $100 a barrel and WTI above $93. It's been well supported this week by comments from Saudi Arabia Energy Minister Abdulaziz bin Salman, who claimed there's a disconnect between market pricing and fundamentals, suggesting OPEC+ could cut output in the future. Suddenly the prospect of a nuclear deal between the US and Iran, or a global growth slowdown, isn't quite the bearish development for oil that many hoped.
26-08-2022 06:56 GMT by Craig Erlam
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Oil seesaws, gold edges higher
Oil Crude prices initially edged higher as we get further reports that OPEC+ is seriously considering lowering production and after the latest round of US economic data and Fed speak suggests the economy is still in a good position to handle more rate increases. Oil will start to form a key trading range until Fed Chair Powell's speech at Jackson Hole.
25-08-2022 13:12 GMT by Edward Moya
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Oil climbs above $100, gold finds support
Saudi Arabia successfully talks up oil Brent crude is back above $100 on Thursday, following the verbal intervention from Saudi Arabia this week. The suggestion that the price did not align with fundamentals and that OPEC+ could cut output has clearly had the desired effect.
25-08-2022 06:54 GMT by Craig Erlam
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Oil's outlook, gold steadies
Oil poised to rise Despite global recession fears, oil prices are poised to be supported as energy investments have been depressed. ​ The tug-of-war between crude demand destruction and a plethora of drivers on why the oil market will remain tight should still suggest prices won’t fall much lower. Oil’s outlook still looks positive here as shale is not taking off, ESG constraints remain, and strong demand for refined product exports.
24-08-2022 14:05 GMT by Edward Moya
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Market Insights Podcast (Episode 368)
Jonny Hart discusses what is driving markets today with OANDA Senior Market Analyst Ed Moya in New York.  This week they talk about the lead up to Jackson Hole, softening US economic data, oil markets, and cryptos.
24-08-2022 13:53 GMT by Edward Moya
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Oil moves higher, gold under pressure
Bearish case severely weakened by Saudi comments Oil prices are higher again this morning, supported once more by reports that OPEC+ could consider cutting output. While this may simply be a case of Saudi Arabia talking up the price, for now, the prospect of the group taking such action effectively removes two of the biggest downside risks for prices. An Iran nuclear deal was explicitly referenced so if any deal is announced in the coming weeks, it will be interesting to see what the impact on t
24-08-2022 08:48 GMT by Craig Erlam
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Oil jumps, gold lower as dollar rally halted
Oil higher on soft US data Crude prices are rallying as the dollar’s rally came to abrupt halt on growth concerns. ​ A weakening US economy should be bad news for oil, but today’s soft economic readings suggest that OPEC+ will easily be able to justify production cuts soon. ​ The oil market will remain tight whether business activity continues to weaken sharply or if economic growth remains choppy. Gold/USD Gold got its groove back after the dollar plunged after a round of ugly US economic data
23-08-2022 15:18 GMT by Edward Moya
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Oil moves higher, gold eyes Jackson Hole
Saudi Arabia has no appetite for lower oil prices Oil prices are rising again on Tuesday, building on the recovery at the start of the week following output warnings from Saudi Arabia. Considering what we've seen in oil markets this year, the repeated inability of producers to hit output targets and the record profits of oil companies, it's quite staggering that the largest member of the OPEC+ alliance is even considering cutting production to address the falling price. It begs the question; eve
23-08-2022 09:00 GMT by Craig Erlam
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Crude demand outlook takes a hit, gold stumbles on strong dollar
Oil Oil bulls thought they were in the clear, but ‘just when they thought they were out, they pull me back in.’ ​ Oil’s true enemy is global growth fears and they are not going away anytime soon. ​ In addition to a weakening crude demand outlook, Iran reportedly gave into a ‘red line demand’ that might be a gamechanger in reviving the elusive nuclear deal.
22-08-2022 11:45 GMT by Edward Moya
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Oil slips, gold under pressure
Oil choppy as traders await JCPOA decision Oil prices are off more than 1% this morning as choppy trade continues. There remain many factors influencing the oil price right now from a tight market to a diminishing growth outlook and a potential Iran nuclear deal.
22-08-2022 07:06 GMT by Craig Erlam
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Week Ahead - On to Jackson Hole
Jackson Hole has been heavily discussed since the Fed's supposed "dovish pivot" last month when it adopted a more data-dependent stance. While policymakers have pushed back against the idea of a pivot, markets have continued to price in a slower path of tightening.
19-08-2022 13:04 GMT by Craig Erlam
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Oil remains steady, gold under pressure
Are oil prices stabilising? Oil prices are paring yesterday's gains in what is yet another volatile session and week. The list of downside risks has definitely grown lately, with growth certainly top of it.
19-08-2022 07:50 GMT by Craig Erlam
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Oil gains ground, gold struggling
Oil rallies after strong US numbers Oil prices rallied after another round of impressive US economic data boosted optimism for an improving crude demand outlook. The US economy still looks good and China’s economy could be ready to bounce back fairly soon.  Momentum from yesterday’s bullish EIA crude oil inventory still lingers, but technical resistance at the $90 a barrel level is capping WTI’s rally for now. OPEC Secretary General Al Ghais reminded energy traders that OPEC could be in a posi
18-08-2022 13:58 GMT by Edward Moya
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Oil rebounds, gold tries to form a range
Oil Oil prices rallied after another round of impressive US economic data boosted optimism for an improving crude demand outlook. The US economy still looks good and China’s economy could be ready to bounce back fairly soon.  Momentum from yesterday’s bullish EIA crude oil inventory still lingers, but technical resistance at the $90 a barrel level is capping WTI’s rally for now. OPEC Secretary General Al Ghais reminded energy traders that OPEC could be in a position to cut production if needed.
18-08-2022 13:38 GMT by Edward Moya
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Oil prices steady, gold under pressure
Oil steady after inventory boost Oil prices are treading water following Wednesday's rally which came on the back of the EIA inventory data. The surprising and substantial drawdown alongside record crude exports provided a boost just as the price was testing multi-month lows.
18-08-2022 05:29 GMT by Craig Erlam
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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
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