Commodities Market

Commodities Market

Commodities Market

Oil is still the main driver of commodities market. While at the end of last week it was recovering at the background of the statements about possible throughput performance reduction, at the beginning of the new week it trended downwards once again. The possibility of achieving a price of 25 dollars per barrel is being seriously considering in Russia.

Iran has started oil delivery to Europe, and this puts additional pressure on the price of hydrocarbons. Oil reserves in the world continue to increase. Many experts jokingly say that soon oil will be stored in the swimming pools.

Moreover, gold acquires its former investment attractiveness against the global financial turmoil. This metal always comes to the foreground when the situation in the world becomes unstable. So this time gold continues to rise.


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