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