Energy commodities fell on strong US Dollar

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Source: Dukascopy Bank
Energy commodities sank on Monday following negative outcome of the G20 meeting and broadly stronger US Dollar. Moreover, policymakers across the globe started to look for the ways to limit the oil price jump as it may harm fragile recovery of such economies as the US. This move also created strong downward pressure on the oil prices. At the same time, geopolitical tensions stopped to lend support to the oil futures as supply concerns weakened after Libya reported renewed oil exploration and its oil output has already attained 1.4 million barrels per day. Meanwhile, natural gas tumbled on the mild weather forecasts in the US and is likely to stay volatile as traders tend to switch to the next month contracts.


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Tue, 28 Feb 2012 14:53:34 GMT

Rural commodities increased despite high world's crops

Agricultural commodities advanced on Monday despite expectations on high world's crops. Even stronger US Dollar failed to weight down on the rural commodities price. Grain commodities mainly tracked soaring soybean futures on the record strong China's demand. However, the upswing may be capped due to reports on the expected high EU crops even despite adverse weather conditions in winter and

Tue, 28 Feb 2012 14:37:39 GMT

Base metals fluctuated on G20 meeting and US data

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