WCU: More pain for oil slight gain for industrial metals

Commodities remain under pressure with the Bloomberg Commodity Index hitting a new 16-year low during the past week. While industrial metals stabilised on signs of further production cutbacks the opposite has driven oil lower with Brent crude oil falling below $40 to a new 7-year low.

from Ole Hansen - Authored content https://www.tradingfloor.com/posts/wcu-more-pain-for-oil-slight-gain-for-industrial-metals-6729025?utm_medium=tf4-feed&utm_source=extract