Commodities Weekly Volatility returns to commodity markets After a quiet start to 2016, commodity markets have sprung into life. Late in the week, comments by OPEC members that they would deepen output cuts and possibly extend them until the end of 2017... 13th January 2017 · 1 min read
Commodities Weekly Commodities looking for direction It has been a quiet start to 2017 in commodity markets. Investors appear to be taking a wait-and-see approach, ahead of the inauguration of President-elect Trump and more clarity on his policy... 6th January 2017 · 1 min read
Commodities Weekly Commodities end 2016 on a strong note Prices have drifted a bit this week, ahead of the Christmas and New Year holiday period. However, the bigger picture is that the prices of most industrial commodities are ending the year significantly... 22nd December 2016 · 1 min read
Commodities Weekly Commodities largely shrug off Fed rate hike The response of commodity prices to Wednesday’s US rate hike was relatively muted as the move had been widely anticipated. Predictably, precious metals, notably gold, fell on the news but further... 16th December 2016 · 1 min read
Commodities Weekly Focus on the Fed statement and Trump’s reaction The prices of most industrial metals surged this week, largely due to increased investor interest. Strong China’s imports in November and the prospect of fiscal stimulus in the US further buoyed... 9th December 2016 · 1 min read
Commodities Weekly OPEC seal the deal Oil prices surged this week as OPEC surpassed expectations by confirming production cuts and announcing quotas for member countries. Given OPEC’s poor record on compliance, we are sceptical that the... 2nd December 2016 · 1 min read
Commodities Weekly Oil market in wait-and-see mode The prices of industrial metals surged again this week, in large part due to investor buying. In contrast, the price of gold fell further as the dollar appreciated and the minutes of the November FOMC... 25th November 2016 · 1 min read
Commodities Weekly Commodities take stock After last week’s wild swings, the prices of most commodities stabilised this week. That said, positive comments from OPEC and Russian officials on the prospects for output cuts gave oil prices a... 18th November 2016 · 1 min read
Commodities Weekly Commodities swing wildly on Trump victory Although the prices of industrial commodities initially plunged and gold rose on the news of Donald Trump’s victory in the US election, sentiment reversed very quickly as the President-elect Trump... 11th November 2016 · 1 min read
Commodities Weekly US election taking centre-stage Energy and agricultural prices took a tumble this week, but for the most part industrial and precious metals performed well. Although the dollar fell, the depreciation was driven by uncertainty over... 4th November 2016 · 1 min read
Commodities Weekly Commodities looking for direction It was a relatively quiet week in commodity markets but the price of oil took a tumble as investors swung round to our more sceptical view on OPEC’s ability to reach an agreement on curbing production... 28th October 2016 · 1 min read
Commodities Weekly Commodities pause for breath Most commodity prices were little changed this week despite strong activity data from China. Indeed, the only industrial metals to record gains were tin and lead whose prices were buoyed by ongoing... 21st October 2016 · 1 min read
Commodities Weekly US dollar appreciation constrains prices The prices of most industrial commodities fell this week, as the US dollar continued to appreciate. Doubts about whether OPEC’s plans for an output quota will lead to any meaningful cuts to supply... 14th October 2016 · 1 min read
Commodities Weekly Energy prices shrug off US dollar appreciation Energy prices surged this week, despite the strength of the US dollar, as the physical markets appeared to be moving closer to balance from a position of oversupply. In most other commodity markets... 7th October 2016 · 1 min read
Commodities Weekly OPEC’s surprise deal lacks substance The price of oil surged this week in response to the announcement that OPEC members had reached a deal to curb output. However, we are sceptical that this new deal will lead to lower oil supply, not... 30th September 2016 · 1 min read
Commodities Weekly Algiers unlikely to be a game-changer For the most part, commodity prices have risen this week, boosted by some weakness in the US dollar. The Fed's decision on Wednesday to keep interest rates on hold weighed on the US currency. That... 23rd September 2016 · 1 min read
