Supply factors pull down commodity prices

An increase in oil supply from Libya outweighed an increase in geopoliticaltensions elsewhere causing oil prices to fall in July, whilst continued goodweather in the US led to a drop in the prices of grains and soybeans.Meanwhile, better Chinese PMI data boosted industrial metals prices.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.