🛢 Commodities Snapshot: Crude Oil Falls 5.9% On The Week
- Rosbel Durán
- Jul 2, 2022
- 1 min read
**As seen in Macro Walk report 07/01/2022, subscribe at cablefxm.co.uk/reports
The week saw commodities' prices fall across the board, crude oil fell 5.9% on the week, closed June -7.8%, first monthly loss since November. Crude oil futures have not closed a week above $110/bbl since early June
Copper recorded a massive 12.7% drop, this followed a prior weekly 11.2% loss, this is the metal's worst week since April 2020
Gold declined by 2.5%, worst week since late may. Spot trades at $1,808.29/oz
The CRB Commodity index closed the week down 6.4%, this was the benchmark's 9th consecutive week of losses
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