| Citigroup said commodities have “turned a corner” as it raised its outlook for the prices of gold, oil and grains Tuesday. The brighter outlook comes as oil prices pushed closer to the $50 a barrel mark, with Brent futures trading at US48.55 a barrel — the highest price this year.
“Commodities markets appear to have turned the corner and, led by the petroleum market, are accelerating their price recovery from the lows of the last year, especially since this past January,” said Citi analysts in a note to clients...............................................Full Article: Source
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