Commodities Daily - May 15, 2018
Oil prices surge on bullish OPEC report; API inventory data eyed. Until today's inventory data is published, oil's price momentum will be shaped by developments in the Middle East. This morning, crude has been trading with a downward bias. We see Brent stabilizing at $77-78/bbl later in the day.Gold prices slide on stronger dollar amid higher Treasury yields. We do not expect today's data to have a strong impact on major currencies, so we see gold stabilizing around the $1,310/oz mark for the rest 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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