Most Commodities Record the Worst Week in Months as Driven by Risk Aversion

Selloff in crude oil stabilizes and recovers to 77.8 in European morning. However, price will inevitably record a loss of around 10 dollar over the week. This will be the deepest decline in 3 months. While fundamentals remain weak in the US and some other advanced economies, this week’s slide has been mainly driven by risk aversion caused by Greek sovereign crisis and its contagion to other European countries.

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Most Commodities Record the Worst Week in Months as Driven by Risk Aversion