Commodities Daily - April 13, 2018
Oil prices stabilize as Syrian escalation takes pause; IEA report eyed. Prices remain at the mercy of the geopolitical situation in the Middle East. We expect Brent to remain supported above $72/bbl on a bullish IEA monthly report, despite the likely postponement of a military strike in Syria. Gold retreats on easing risk appetite as West continues to mull attack on Syria. The longer the threat remains theoretical, the less susceptible gold prices will be to it. We see more downside risk for gold today and expect it to trade at $1,335/oz later.
Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.
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