Commodities Daily - May 23, 2018
Brent slides from YTD high amid stock market decline, rumors of early wind-down of OPEC cuts. Today, we expect the EIA to report sight build in oil inventories of no more than 1 mln bbl, with the refined product data coming roughly in line with the API estimates. Overall we expect Brent to slide to the lower end of $78-79/bbl range later today.Gold buffeted by stronger dollar and sliding Treasury yields. We expect the dollar to strengthen today and eventually weigh on gold, which we expect to ease to $1,285-1,290/oz.
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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