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Commodities Briefing - Categorized | Market Moves more

Supercycle over but commodities not forgotten

Posted on 18 February 2014

The price of energy and gold has been moving higher for various reasons; from the cold weather, where a surge of demand pushed up prices, to the improvement of global economic growth this year.
WTI prices were trending lower at the end of last year on increasing stockpiles; this jump has been attributed to the cold weather disrupting production at a time when demand is rising. The EIA lowered forecasts for US oil production this year and next, after the ‘severe weather this winter has caused temporary slowdowns in completing new wells’………………………………………..Full Article: Source


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