Commodity prices have been under pressure in the last week as instability in corners of the global banking system has sparked fears of further contagion
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“There is emotion and fear, which can drive markets in the short term,” he said on Monday on the sidelines of the FT Commodities Global Summit in Lausanne, Switzerland. Commodity prices have been under pressure in the past week as instability in corners of the global banking system has sparked fears of further contagion.
“Famous last words, but so far it doesn’t feel like we’re in that situation,” Saad Rahim, chief economist at Trafigura, told the conference. Mr. Barrack at Citadel says he expected natural gas prices to remain under pressure, but with oil probably rising in the second half of the year.
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