Rumor & Denial: Verbal oil intervention in action (Commodity weekly)

Another volatile week for commodities with oil markets continuing to attract most of the attention. Raised speculation of a grand bargain between Opec and Russia helped trigger a strong comeback. Gold's week-long rally ran out of steam leaving many new longs through ETPs contemplating whether they had jumped the gun while sugar experienced a rare setback.

from Ole Hansen - Authored content https://www.tradingfloor.com/posts/rumor-denial-verbal-oil-intervention-in-action-commodity-weekly-6994039?utm_medium=tf4-feed&utm_source=extract