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A Saxo weekly commodity update says oil rallied on OPEC+ compromise while metals were pressured by the dollar and trade war concerns. The Bloomberg Commodity Index lost its year-to-date gains after four weeks of heavy selling.
Trade protectionism and a stronger dollar threaten commodity demand, while the expected OPEC+ output increase caps crude upside, which matters for biofuel and input costs.
home.saxoOle HansenJun 22, 2018Not 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.
