Commodities Overview

Commodities Weekly Wrap

12 April, 2019

Waiting for the next big move

It has been a relatively quiet week in most commodity markets, except for energy. Oil prices rose again, to over $70 per barrel for Brent, on news of military operations in Libya. However, we think at this stage much of the bad news on supply is now factored into prices. Instead, the next big price move will probably be in early May in response to the US decision on whether to extend waivers from sanctions for some of Iran’s largest customers. It seems likely that waivers will prevail in some form

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