Inflation expectations keep on increasing
The stock markets are on the rise too, but many wonder if that can last long. Commodity prices are surging higher with oil prices now…
ICE Brent prompt contract recovered to 63.6 $/b on early Thursday after a loss on Wednesday. The EIA weekly report showed a rapidly improving US demand, with gasoline and jet outperforming expectations. Biden’s $2 trillion economic stimulus package showed a growing emphasis on road infrastructure, which will likely have a bullish outlook for industrial commodities and crude oil. Today’s OPEC ministerial meeting should yield a rollover of the production agreement.
Get more analysis and data with our Premium subscription
Ask for a free trial here