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Commodities Briefing - Categorized | Market Moves, Price Watch more

Commodities haven’t really fallen that far

Posted on 07 October 2011

One of the main narratives of the current global economic slowdown centres around how far commodity prices have fallen. U.S. crude was up around $110 (U.S.) per barrel, but is now back to $80. Copper was up to $4.60 per pound in February, and fell to $3.10 this month.
No doubt, the declines are sharp. That’s about a 28 per cent decline for oil, and around a 33 per cent drop for copper. But while those numbers sounds staggering on their own, they actually aren’t that shocking when put in a larger context……………………………………….Full Article: Source

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This post was written by:

VRS - who has written 37629 posts on Opalesque Commodities Briefing.


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