Commodity Report #43
About a stretched energy market, extremes in the oil market and weak gold fundamentals
The benchmark, CRB Commodity Index, ended the week 1,6% lower after last week’s +13% rally.
The energy sector was the worst-performing sector. (while you need to put that decline into the context of last week’s stunning rally)
Industrial metals were weaker while precious metals were stable. Grains were mostly higher but wheat corrected after 6 days in a r…