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Commodities Decreased in July as Supply Concerns Ease

Posted on 09 August 2016

Commodities decreased in July, largely driven by changing supply fundamentals, according to Credit Suisse Asset Management. The Bloomberg Commodity Index Total Return performance was negative for the month, with 15 out of 22 Index constituents posting losses.
Energy was the worst performing sector, down 10.69%, with all sector commodities posting losses. WTI Crude Oil declined the most amid increased US production expectations. Brent Crude Oil also decreased as global excess supplies persisted. Precious Metals was the best performing sector, up 4.29%. Silver increased the most due to weaker-than-expected US economic data and after the US Federal Reserve left interest rates unchanged. (Press Release)……………………………………….Full Article: Source


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