Short-term gain, longer-term pain for crude oil
Crude oil has settled into a relatively tight range above $80/barrel, with forecasts weighing short-term upside risks against the potential of slowing demand growth and rising non-Opec production.
Commodities have outperformed other classes so far this year with rising oil prices feeding into an increase in headline inflation.
These developments together with increased geopolitical and weather concerns have all helped support investor demand for broad-based commodities exposure. But where do we go from here?
Join Saxo Bank head of commodity strategy Ole Hansen as he goes over the factors facing the commodities space, from fundamentals to geopolitics.
See the webinar calendar and archive here.