Commodities Daily - June 29, 2018
Oil stabilizes at elevated level amid multiple supply risks. Today the market awaits the EIA's monthly petroleum supply report at 19:00 Moscow time, which is likely to show a strong m-o-m surge in US production in May and cap Brent at around $78/bbl, in our view.Gold holding on to $1,250/oz mark as EU migration news supports euro. We think gold is likely to drop below $1,250/oz today and trade within a range of $1,245-$1,250/oz for most of the day.
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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