The support to commodity prices from the general improvement in investor confidence, which had been fostered earlier in the first quarter by better economic data from the US and China and the ECB’s generous liquidity provisions, faded in March. Iran tensions aside, the macroeconomic backdrop suggests that oil prices in particular are unsustainably high.
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