Commodities: set-backs for Oil bulls – ANZ

By FXStreet Analysts at ANZ explained the commodities sector from last week.

Key Quotes:

“Crude oil prices fell, but the majority of CRB constituents posted gains.”

“WTI oil prices finished down 0.5% on Friday at USD48.41/bbl, although were still up close to 5% on the week.”

“Gold stabilised around USD1,250/oz.”

“Iron ore bounced 2.7%.”

“The CRB index posted a modest 0.2% lift, with gains led by softs, grains, and energy. Livestock and industrials prices fell.”
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Source:: FX Street