Market Pulse - Commodities
UBS and Nomura cut oil price forecasts
Equity analysts at Nomura lowered their oil macro price assumptions for 2016 reflecting a decreased probability that the Organisation for Petroleum Exporting Countries will cut its production.
Commodities: Oil, gold falter but base metals up in European trading
Oil and gold futures posted declines on Monday, while base metals recovered as a Chinese official claimed the worst was over in relation to the country’s recent equities selloff.
Commodities: Gold continues to decline, base metals falter
Gold continued to post declines on Friday, as base metal futures slipped lower while oil benchmarks endured another volatile session.
Commodities: Oil continues recovery run, gold slips in European trading
Gold declined for a second successive session on Thursday, while base metals rose and oil extended its recovery run.
Commodities: Gold falls, base metals endure further punishment
Gold declined while base metals faced another European session in negative territory on Wednesday, as nagging doubts over China's economic prospects continued to weigh on trading sentiment.
Commodities: Oil market sees wild swings, metals stage recovery
The oil market shed overnight gains on Tuesday, as disappointing manufacturing data from China and profit-taking by traders sent futures lower, while industrial and precious metals traded higher.