financetom
Business
financetom
/
Business
/
Commodities in worst weekly slump this year: Experts discuss
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Commodities in worst weekly slump this year: Experts discuss
May 25, 2019 1:11 PM

This week is going down as the worst week in all of 2019 for the commodities as an asset class. So whether you look at energy space, where both crude varieties Brent and US is down between 5-6 percent, the metal prices are down anywhere between 1.50-6 percent on the lower side, steel is down 5.50 percent, zinc down 4.50 percent and copper is down 2 percent.

The arsing macro concerns, the geopolitical tensions, expectations that the global growth may slow down going forward and of course there is strength in US dollar and the sell-off that we saw in the global equities in this week also impacted the commodity prices.

CNBC-TV18's Manisha Gupta is going to discuss crude oil prices with Paul Ciana of Bank of America Merrill Lynch (BofAML) and Navneet Damani of Motilal Oswal Commodities.

First Published:May 25, 2019 10:11 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2025 - www.financetom.com All Rights Reserved