WCU: Oil and metals remain troubled by oversupply and FOMC worries

Commodities continue their week-long slump with growth dependent raw materials from energy and industrial metals taking the brunt of the selling. Oversupply in the oil market continues to be a concern, not least considering the uncertainty about when the adjustment process kick off in earnest. Gold consolidating as December rate hike is now fully priced in.

from Ole Hansen - Authored content https://www.tradingfloor.com/posts/wcu-oil-and-metals-remain-troubled-by-oversupply-and-fomc-worries-6613898?utm_medium=tf4-feed&utm_source=extract