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18 Mar 2015
Commodity sector in a snapshot - Westpac
FXStreet (Guatemala) - Sean Callow, analyst at Westpac Banking Corporation noted the condition in the commodity sector overnight.
Key Quotes:
"Spot iron ore wiped out Monday’s bounce, dropping a hefty -3.3% or $1.95 to $56.95/tonne, another low since 2005."
"Brent crude oil recovered to about flat at $53.51/bbl but WTI fell another -1%, its 6th straight decline, to $43.46/bbl."
"Gold spiked to $1160 on the US housing starts data but then settled softer, around $1150/oz."
"COMEX copper closed -1.3%."
Key Quotes:
"Spot iron ore wiped out Monday’s bounce, dropping a hefty -3.3% or $1.95 to $56.95/tonne, another low since 2005."
"Brent crude oil recovered to about flat at $53.51/bbl but WTI fell another -1%, its 6th straight decline, to $43.46/bbl."
"Gold spiked to $1160 on the US housing starts data but then settled softer, around $1150/oz."
"COMEX copper closed -1.3%."