Brent climbed back above $60pb ($60.84pb) after staying below that level since November 2018. There have been many calls for a review of the budget benchmark to reflect the reality. Most analysts are projecting an average price of $62pb for 2019. However, we expect a high level of price volatility in global commodities because of geopolitical tension and protectionism.
The attached document contains a snapshot of the global and domestic developments in the commodities market this week.
Enjoy your read!