Commodities Overview

Commodities Overview

Commodities Weekly Wrap

19 May, 2017

All eyes on OPEC

Commodity markets largely shrugged off soft activity and spending data out of China this week. Indeed, speculation around the outcome of next week’s OPEC meeting kept oil prices well supported. At the same time, gold benefited from the unfolding political turmoil in the US.

Looking at the week ahead, investors will be focusing on the upcoming OPEC meeting, scheduled for Thursday, where members will discuss an extension to the oil output cuts implemented in November. We think that the cartel

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