🛢️📉Commodities Set to Post 7th Consecutive Month Of Losses: Cable FX Macro
- Rosbel Durán
- Feb 28, 2024
- 1 min read
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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