Tue, Oct 27, 2020
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Index, Performance more

Commodities Increased in March due to Positive Fundamental Factors

Posted on 13 April 2016

Commodities increased in March, largely driven by decreasing supply expectations and weather fundamentals supporting the energy and agriculture sectors, according to Credit Suisse Asset Management. The Bloomberg Commodity Index Total Return performance was positive for the month, with 17 out of 22 Index constituents posting gains.
Energy was the best performing sector, up 7.84%, led by Brent Crude Oil, due to reports of an upcoming meeting in April among OPEC and non-OPEC nations to discuss a potential cap on production. Natural Gas increased due to continued production declines, which helped improve the outlook for the supply and demand balance. In addition, an unusual cold snap in the U.S. Northeast at the beginning of spring improved demand expectations. (Press Release)


 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
October 2020
S M T W T F S
« Nov    
 123
45678910
11121314151617
18192021222324
25262728293031