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Goldman Sachs said it is bullish on commodities, citing a Fed slowdown in rate hikes, an expected weaker dollar, OPEC supply cuts and possible Chinese stimulus. Oil prices had risen about 3 percent overnight on expected tighter supply.
A bank forecast of stronger commodity demand and a weaker dollar supports energy and feed input values, though it is an opinion rather than a new physical supply event.
cnbc.comHolly EllyattJan 16, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
