Weekly Commodities Update – 30 May 2017 (Video)

May 30, 2017 Share Print 0

In this week’s Commodities update, Senior Market Analyst Craig Erlam gives his analysis on WTI crude (0:30), Brent crude (4:58), Gold (6:25), Silver (9:22) and Copper (11:49).

Craig also gives an update on the recent agreement between some OPEC and non-OPEC oil producers to extend the cut by nine months and explains why oil fell 5% following the announcement.

US Data Eyed Ahead of June Fed Meeting

DAX Edges Higher, Markets Eye German Preliminary CPI

Euro Geopolitical Fears Sap Risk Appetite

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

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Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA

Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.