Weekly Fundamentals - WTI/Brent to Trade Lower for Longer

Commodity price movements were mainly driven by macroeconomic data and government policies last week but the ones caused the biggest impacts were speculations about Fed's QE2 measures, Japan's intervention on yen's appreciation and the new bank capital requirements (Basel III) for the banking industry. While the news has diverse impacts on commodities, the net effect is that both precious and base metals rose while USD fell.US oil prices also plunged as driven by early resumption of operations in pipeline 6A.

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Weekly Fundamentals - WTI/Brent to Trade Lower for Longer