Weekly Fundamentals - Softer Fed Lifted Commodity Prices
ChristiDorrisA less hawkish-than-expected Fed, which sent US dollar lower, rescued energy prices from falling for a third consecutive week. The oil supply outlook has remained mixed in the near-term. The market continued to weigh OPEC's compliance against US ramp up in output. The front-month WTI crude oil contract settled at 48.78, recovering +0.6%, whist the Brent contract closed at 51.76, up +0.45%, for the week.
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Weekly Fundamentals - Softer Fed Lifted Commodity Prices
