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Signs of commodities recovery emerging- ETF Securities

Posted on 08 March 2016

Both oil benchmarks along with most metals have been posting positive returns for at least the third consecutive week, the company noted. Brent and WTI rose 5% and 4.5% respectively, with both benchmarks trading around their two-month highs for most of the week.
According to ETF securities this seems to indicate that the reduction of oil production in the US combined with key OPEC members’ decision to freeze production at January levels could be sufficient to reduce the global oversupply. A similar picture is emerging in precious metals, with all of them including gold have reached multi-year lows at times within the past six months and recovering since, posting an average return of 17% from their lows. ……………………………………….Full Article: Source


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