The Latest Investment Opportunities: Energy, Metals, and Agriculture
Recent reports of potential US sanctions against Russia have bolstered oil prices, with ICE settling over 1.8% higher. The Biden administration is considering targeting Russian oil, but aims to avoid significant market disruptions. Meanwhile, US CPI numbers suggest a likely 25bp interest rate cut at the upcoming Fed meeting.
US crude oil inventories fell by 1.43m barrels last week, while OPEC revised down its demand growth forecasts. European gas prices dipped due to milder weather forecasts. In the metals market, Chile predicts a copper surplus in 2025, with increased production and consumption expected.
Arabica coffee prices fell after reaching record highs, as uncertainty looms over the Brazilian crop outlook. Despite recent rain in growing regions, inventories have increased. These developments offer unique investment opportunities in the energy, metals, and agriculture sectors.