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Bloomberg Opinion columnist Komal Sri-Kumar argues that the oil price collapse of more than 25% since early October reflects waning global demand. He cites a copper decline and contractions in Japan and Germany in Q3 as signs of a generalized slowdown.
Signs of weakening global demand point to softer energy and industrial commodity prices, which can carry through to feed ingredient costs via energy and freight. This is opinion and market commentary with no new policy or supply shock.
finance.yahoo.comKomal Sri-KumarNov 15, 2018Not 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.
