Will OPEC Jolt Energy And Metals?
Satendra Singh | Jun 19, 2018 01:24PM ET
Based on the movement of crude oil, natural gas, gold, silver, the USD and various other metals, I find the news flow regarding the upcoming OPEC meeting has started to reflect shifting moves in the commodity market on growing trade-war concerns. The disagreements among major producers over output curbs continued ahead of the key meeting in Vienna on Thursday and Friday. Moreover, this attitudinal difference among OPEC members looks to be a big hurdle to a unanimous outcome announcing a major reduction in oil production.
No doubt that the emergence of new uncertainty amid growing trade-war concern is going to enhance the volatility all around during the next few trading sessions. Amid this volatility, emergence of indecisive moves on either side not only in WTI crude oil and natural gas will have a more visible impact on the metals.
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