Crude may cool off some bit; gold looking up

Crude may cool off some bit; gold looking up

The commodities markets kept investors glued to it during the week gone by with crude oil swinging to the news reports coming out of the US, Iran and Saudi Arabia while all eyes were on the precious metals amid strong volatility in equity and currency markets.

This week, we tried to capture the emerging trends in these commodities.

Crude oil

The global crude market witnessed yet another volatile week. The week saw oil prices tumble on the back of higher inventories and weakness in the US equity market.

The week started on a weak note, after Washington indicated that it might grant waivers to sanctions on Iran’s oil exports and Saudi Arabia was said to be replacing any potential shortfall from Iran. Read More

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