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.

FOMC minutes reality check

FOMC to remain aggressive with rate policy US markets got little solace but more clarity from the FOMC Minutes overnight. It was clear from the minutes that the committee members remained highly focused on culling inflation, even if it was at the expense of a sharp economic slowdown.

07-07-2022 04:27 GMT by Jeffrey Halley

Market Insights Podcast (Episode 349)

Recession watch Senior Market Analyst Jeffrey Halley talks about news impacting the market and the week ahead. In this week's episode, Jeffrey Halley is filling in for a holidaying Craig Erlam. Market volatility continues to percolate at boiling point as asset markets try to price in a recession, or not!

06-07-2022 11:36 GMT by Jeffrey Halley

Oil tumbles on recession nerves, gold slides

Oil plummets overnight on recession fears Recession fears saw oil markets plummet overnight, with both Brent crude and WTI taking out their 2022 rising support lines in no uncertain terms. Brent crude slumped by 7.90% to USD 104.75, having tested USD 101.00 a barrel intraday.

06-07-2022 04:38 GMT by Jeffrey Halley

Recession meltdown

Recession fears buffeted markets overnight, with the price action across various asset classes looking like a self-sustaining negative feedback loop, triggering more stop losses as prices slumped and dragging in trend-following momentum-hunting fast money. European equities, euro take a tumble Europe endured a torrid day as the Norwegian oil worker strike proved the last straw for an energy-starved Europe. European equities plummeted and rightly so, as Europe's energy-from-Russia Achilles heel w

06-07-2022 04:07 GMT by Jeffrey Halley

Oil stable, gold vulnerable

Oil is steady in Asia Oil price continued their recovery from Thursday’s recession-fear sell-off as the supply-demand balance in the real world continues to underpin prices in the futures market. Brent crude rose by 2.15% overnight, easing 0.35% to USD 113.40 a barrel in subdued Asian trading.

05-07-2022 05:27 GMT by Jeffrey Halley

US Close - ISM hits 2-year low, Au Revoir 3.00% on recession worries, Choppy waters for Stocks, Commodity Markets tired of softening, Bitcoin tests $18K waters

US stocks can’t muster up a meaningful rally heading into the long weekend as recession worries grow after the ISM manufacturing report fell to a two-year low. Wall Street isn’t liking seeing so many key economic indicators have a trajectory that looks like they will retest some of the pandemic lows. A choppy period seems likely until investors feel confident that the economy is still in decent shape and that the Fed won’t miss the opportunity to decelerate their tightening pace in September.

01-07-2022 14:51 GMT by Edward Moya

Oil edges higher, gold falls

Oil higher amid supply outages Oil prices are edging higher again on Friday after paring gains over the last couple of days. With OPEC+ opting to raise production by 648,000 again in August but not comment beyond then, there is a cloud of uncertainty over the supply side again.

01-07-2022 09:07 GMT by Craig Erlam

Crude crumbles, gold struggles

Oil The easy oil trade that everyone loved for much of the first half of the year has disappeared as the fundamentals have gotten quite mixed. The OPEC+ decision to maintain the planned 648,000 bpd oil increase in August went as expected, but traders are focusing more on President Biden’s trip to Saudi Arabia.

30-06-2022 16:14 GMT by Edward Moya

US close - A very bad half, US data supports aggressive Fed tightening for now, bitcoin falls below USD 20k

A global central bank effort to fight inflation is driving rising recession fears that has given Wall Street the worst half of the year since 1970. Added volatility from the final trading day of the quarter is especially crazy because so many investors are rebalancing their portfolios with recession stocks. US stocks pared losses as too many investors feel we are getting close to the bottom and that now isn't that bad of time to start to scale into a longer-term position.

30-06-2022 15:15 GMT by Edward Moya

Oil dips lower, gold higher on inflation

Oil lower as OPEC+ sticks to August target Oil prices are modestly lower on Thursday, further paring recent gains following yesterday's reversal. As expected, OPEC+ stuck to its planned 648,000 barrel increase in August and refrained from any decision beyond then which could add an element of uncertainty to future targets, particularly given recent reports that even Saudi Arabia and UAE are running near capacity. The global economic uncertainty doesn't make planning ahead any easier, either.

30-06-2022 11:28 GMT by Craig Erlam

Oil falls on EIA, gold pares gains

Oil retreats on delayed EIA data Oil prices reversed course overnight as the delayed US official EIA crude inventory data was released. With two weeks of data released at once, net crude inventories fell by 3.15 million barrels, but gasoline inventories rose by 4.13 million barrels for the fortnight.

30-06-2022 05:00 GMT by Jeffrey Halley

Market Insights Podcast (Episode 347)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the ECB Forum on Central Banking, OPEC+ and the rest of the week.

29-06-2022 18:30 GMT by Craig Erlam

Oil reverses gains, gold steady, bitcoin nervy

Oil reverses gains after inventory data The rally in oil looked set to extend to the fourth day, as supply concerns outweigh recession fears ahead of the OPEC+ meeting tomorrow. The OPEC meeting today ended without any decisions being made amid speculation around Saudi Arabia and UAE's spare capacity. I'm not sure it makes an enormous difference as neither were likely to save the day anyway or they would have already.

29-06-2022 18:12 GMT by Craig Erlam

Oil market stays tight, gold ready to shine

Oil Crude prices rallied as the oil market looks like it will remain very tight after indirect nuclear deal talks between the US and Iran ended without result. The supply outlook for crude is looking vulnerable and could see some disruptions lead to much higher oil prices. Ecuador’s oil production is declining rapidly, down 1.8 million barrels during the 15 days of protest. Libya is suspending oil exports from the Es Sider port. Unless the EIA crude oil inventory report posts a surprisingl

29-06-2022 09:34 GMT by Edward Moya

Oil marches higher, gold yawns

Oil’s rally continues Oil’s march higher continued unhindered overnight, with Brent and WTI posting another set of impressive gains. A surprise drop by US API Crude Inventories by 3.8 million barrels helped the bullish momentum, with markets ignoring the rise in refined product stocks.

29-06-2022 03:24 GMT by Jeffrey Halley

Oil higher, gold slips, bitcoin vulnerable

Oil rallies as OPEC+ fall further short of targets The easing of China's zero-Covid policy helped oil to the third day of gains following a decent correction in recent weeks. As did reports that the UAE and Saudi Arabia are producing near capacity, in stark contrast to claims that both are holding back and could do more.

28-06-2022 16:46 GMT by Craig Erlam

Oil gains ground, gold fades

Oil prices rally on supply concerns Oil prices rallied once again overnight as a Reuters story over Saudi Arabia and UAE capacity constraints, as well as disruption of supplies from Libya and Ecuador overrode US recession concerns. Another lesson is that markets ignore crude futures backwardation at their peril when trying to pick a top in oil prices.

28-06-2022 03:43 GMT by Jeffrey Halley

Oil softens, gold steadies

Oil dips lower Crude prices remain volatile as energy traders grapple with recession fears and a tight oil market that may see the G7 unveil price caps on Russian crude. Oil might have confusing reactions to economic data until Wall Street agrees upon when the peak is in place for Treasury yields. Stronger economic data would normally be a positive for the crude demand outlook, but right now the reaction might be negative for oil as traders will view strong readings as a greenlight for the Fed

27-06-2022 12:11 GMT by Edward Moya

Oil edges lower, gold flat

Oil cools further amid some supply hope Oil prices are marginally lower at the start of the week after enjoying a bit of a rebound on Friday. We appear to be seeing an interesting moment in oil where a tight market is being priced against a likely economic decline, even a recession, which could help to rebalance it. And there may be other factors contributing in some way to the cooling-off, with Nigeria indicating that it will be able to hit its production quota by August having fallen well shor

27-06-2022 11:20 GMT by Craig Erlam

Oil recovers, gold inches higher

Oil prices bounce Oil prices rose on Friday and Brent crude and WTI has unwound most of early last week’s losses. The futures curves remain in very firm backwardation and in the real world, supplies are as tight as ever with increasing risks around Russia and European natural gas exports.

27-06-2022 04:42 GMT by Jeffrey Halley

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