Market Pulse - Commodities
Opec output surges to three-year high as Iran offsets Saudi drop-off
Oil output from the Organisation of the Petroleum Exporting Countries (Opec) surged to its highest in more than three years last month.
Commodities: Base metals see mixed European session, oil marginally up
Industrial metal trading for the week commenced on mixed note on Monday, following lacklustre data from China, with selected contracts trading lower, as oil benchmarks limped gradually upwards.
Commodities: Metals lower in European trading, gold remains lacklustre
The European metals market took another turn for the worse on Friday, while oil benchmarks remained on a rocky patch and gold stayed in lacklustre mode.
Commodities: Brent fluctuates around $50/bbl, as base metals take another beating
Brent futures were seen resisting a decline below $50 a barrel on Thursday, during another volatile session for the oil markets, while metals futures, excepting tin, took another beating in European trading.
Commodities: Oil stabilises, but European metals market sees sharp declines
Oil benchmarks stabilised, albeit at seasonal lows, on positive data from China coupled with a decline in US inventories on Wednesday, but the European metals market continued to spiral downwards.
Commodities: Oil, metals recoup losses in European trading
Oil benchmarks and metals recouped losses on Tuesday, following a heavy selloff overnight on concerns over the Chinese economy.
Commodities: Oil, base metals plunge in dire European session
Oil and base metals futures plunged in Europe on Monday, extending losses from the Asian session as dire Chinese data hit the commodities market hard.