Commodity Trade Mantra

Posts Tagged ‘Zinc’

Despite Oversupply, Oil Rallies on Currency Moves

Domestic oil inventories still stand at near-record levels for this time of year in at least 80 years. Because oil remains in oversupply, the recent rally owes a lot to currency moves. We might be seeing a dollar reset, which should finally give oil, gold, copper & other important commodities – the much-needed breathing room.

Copper and Aluminum Rally on Supply Deficit

Copper prices have been rebounding as demand for copper expands to a record in China & use in the U.S. climbs to the highest since 2009. Global copper inventories have fallen by almost half this year & are near the lowest since 2008. Aluminum rose to the highest in 18 months as global production trails consumption.

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