Commodities Daily - July 2, 2018
Oil up on supply disruptions and monthly drop in US production in April. Today's early stock market correction in Asia and Europe, as well as data showing a 0.09 mln bpd m-o-m increase in Russian crude oil production in June to 11.06 mln bpd, is likely to weigh on Brent, and we expect it to dip below the $78/bbl mark later in the day.Gold prices sliding on stronger dollar after Friday's gains. Today, a strong US manufacturing PMI reading is likely to support the dollar, keeping gold within the $1,245-$1,250/oz range.
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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