Commodity Report #37
About the Natgas squeeze, crude oil and the Brazilian Real (aka commodity currency)
The benchmark, Bloomberg Commodity Index, ended the week 1,65% higher.
The index was driven by strong energy price increases. Natgas rallied 16% w/w after a short squeeze in the expiring February contract on Thursday.
All metals except Palladium were lower - mostly driven by a very strong USD in the past week. Palladium’s strength is no surprise at all, I…