After days of selloff for over -2% each, crude oil benchmarks ended the weeks -8% lower. Plentiful inventory, worrisome demand/supply balance, disappointing Chinese macroeconomic data and strength in US dollar were the key reason pressuring energy prices. Gold has been pressured for a 4th consecutive week.
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Weekly Fundamentals – Commodities Slumped on Demand/Supply Imbalance, Fed’s Rate Hike Worries
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