Tue, Sep 29, 2020
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Commentaries, Commodity Crisis more

When Will the Commodities Bloodbath End?

Posted on 11 January 2016

It was a bloodbath for commodities in 2015. Brent crude oil fell 45.7% for the year, the most out of any commodity. From its high of US$127.07 per barrel, Brent’s been smashed by more than 70% in the past 18 months. It’s now trading at US$33.55 per barrel.
Other big losers were nickel (down 42.6%), heating oil (down 41.4%), and gas oil (down 40.2%). Copper lost a quarter of its value, declining for a third straight year. It’s the longest slump for the base metal since 1998. Among other base metals, zinc was down 25% and aluminium fell 18% for the year. Even gold languished at multi-year lows, down about 10%. It was unable to attract buyers………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
September 2020
S M T W T F S
« Nov    
 12345
6789101112
13141516171819
20212223242526
27282930