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996 days ago

OPEC still did not manage to reach a supply agreement

The crude market is threatened by a prospect of a deepening supply deficit as OPEC and its allies cannot break the deadlock over oil production. Moreover, potential inflationary pressures that might come from an used up supply could make fragile the global economic recovery even more. 

#Commodities

996 days ago

Lumber is down by 31.2% in the past month

Source: MacroMarketsDaily

#Commodities
Lumber is down by 31.2% in the past month

997 days ago

Aluminum prices remain elevated on tight market

July 2nd was the mark of a near-decade high point of $2,558 and this summer, prices have seemed to hover around that figure, though lower. Demand for the metal, a metal used to build cars and planes snapped back strongly from the covid blow, seeing consumption grow 8%. 

#Commodities

997 days ago

US oil supply is still trying to catch up to rising prices

Recently, we have seen oil prices surge with the US grade WTI now past $75. US rig count has been slow to catch up and the reopening trade has not been as quick as expected. Oil producers have been damaged by falling prices of oil, and as they prioritize their balance sheets, investors could see prices heading higher still. Let's see if OPEC agrees to a new production schedule or not.

#Commodities

1000 days ago

Coronavirus variant fear behind a recent Gold surge:

Gold is winning back investors as rising cases of Covid-19 variants are endangering the economic recovery. The fear caused stocks to tumble and reflation was put on brakes. Prices rose from $1768 to $1804 per t.oz over the past week hovering at a 3-week high. 

#Commodities
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