Commodities Overview

Commodities Weekly Wrap

26 April, 2019

Strong US growth fails to impress commodities

The prices of commodities mostly fell this week, despite Friday’s data showing stronger-than-expected Q1 growth in the US. Even oil prices ended this week lower. Having initially jumped when the US government announced its decision to remove waivers from sanctions on purchases of Iranian oil, they later dropped back following reports that President Trump was putting pressure on OPEC to raise supply. Given the scale of supply disruption so far this year, we have revised up our end-2019 forecas

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