| Higher oil price, signs of stronger growth and a wave of trading fuel recovery. Commodities from iron ore to aluminium have rallied this week driven by a sharp recovery in oil, signs of stronger growth, and a wave of trading on China’s exchanges.
Oil prices have risen for three straight weeks to top $45 a barrel. Many traders now expect the market to balance in the second half of this year following almost two years of oversupply — with recent low prices cutting into US output, slowing drilling worldwide, and bolstering demand...............................................Full Article: Source
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