• Dire Sentiment Continues to Pressure Commodities, NDRC's Treatment on Fuel Prices Unveiled Inflationary Concerns

    Commodities extend weakness in European session amid growth concerns. We have a light calendar today and data released were largely better-than-expected. However, investors are unnerved and worried that growth cannot sustain. Crude oil remains soft after the yesterday's selloff while gold pulls back on profit-taking as the yellow metal soared to a 2-week high yesterday.
  • China Raises Fuel Prices Amid Strong Rally in Crude Oil

    Capitals flowed into the commodity market on Monday as world market leaders pledged to continue the stimulus measures. Crude oil price rose to an intra-day high of 80.19 in NY session but selling pressure above 80 was quite strong. The benchmark contract settled at 79.43, up +2.6%, for the day.