| Tumbling oil prices and a historic rally in the U.S. dollar had commodity markets marching in lock step for months, but they broke ranks in the second quarter. Oil prices, which touched six-year lows in March, gained 24.9% in the second quarter on expectations of slowing supplies and higher demand.
Meanwhile, the dollar pulled back from 12-year highs as investors pushed back their forecasts for higher interest rates in the U.S. “This has helped commodities become independent and dispersed once again,” said Michael Haigh, global head of commodities research at Société Générale...............................................Full Article: Source
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