| Commodities drifted lower on divergent outlook between emerging and developed economies that raised uncertainty about the demand for commodities, according to Ole S Hansen, Head of Commodity Strategy at Saxo Bank. Industrial metals were weakened on China slowdown fears and lacklustre trading activity ahead of Lunar New Year shut down in Asian markets.
Precious metals failed to find support from the emerging-market turmoil and as result went looking for support. The energy sector was mostly driven by the near-term outlook for US weather which created some extreme volatility in natural gas and supported heating oil...............................................Full Article: Source
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