1 Feb 2024
Oil Prices Volatility: Supply Fears vs. China's Demand
Article by: Jonathan Barratt
I delve into China's economic slowdown, as evidenced by the weak NBS PMI numbers, and contrast this with the rising prices of commodities like steel and iron ore, driven by the PBOC's stimulus efforts. Discover how these dynamics are impacting inflation rates and interest rate expectations in Australia, while also getting an analysis of the evolving trade landscape and its implications for supply chains. Take an in-depth look at WTI crude oil trends, as well as the gold, silver, and copper markets, and learn how geopolitical risks are shaping trading opportunities.