15.05.2015 - Will Oil's Price Surge Continue? Don’t Bet on It
The recent weakening of the US dollar and building of speculative long positions by hedge funds and other investors resulted in significant support for many commodities, except for precious metals. Because the fundamentals have not changed, and the situation of oil oversupply lingers on, we see downside risks to oil prices The support for those commodities was driven by hopes of economic recovery (which would lead to increased demand) as well as fear of supply disruptions. The weakening of the US dollar was the result of disappointing US data, in combination with fears of delayed Fed action.........................................Full Article: Source
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