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🛢️📉Commodities Set to Post 7th Consecutive Month Of Losses: Cable FX Macro

Writer: Rosbel DuránRosbel Durán
  • An index tracking commodity prices built by Bloomberg is set to finish February down 1.9%, this is the 7th straight monthly loss for the gauge

  • Commodities have not seen a losing streak of this magnitude since 2015-2016 when the index saw a total decline of around 25%

  • Crude oil is diverging from the space as it sees gains of 3.3% in February, last at $78.32/bbl <CL1>



 
 

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