It was a poor start to the year for commodities with the prices of energy, industrial metals and agricultural commodities all falling owing to persistent concerns about Chinese demand and continued oversupply, especially of oil. Indeed, the Bloomberg commodity index hit its lowest level since at least 1991. However, prices did rebound a little in the second half of the month, led by hopes of a deal between Saudi Arabia and Russia to cut oil output. Meanwhile, the prices of gold and silver benefitted from the prevailing uncertainty.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services