The Commodities Feed: The US scrambles to rein in oil prices
The only way for oil prices to drop on sustained basis is resumption of flows through Strait of Hormuz
The Commodities Feed: Oil rising as US-Iran tensions re-emerge
Uncertainty about US-Iran talks means oil market will likely continue to price in some risk premium
China’s Third Plenum provides little support to metals
We expect copper and other industrial metals to decline further in the near term to reflect a softer demand outlook in China
