A weekly round up of the latest commodity news. The report tracks the price movements of popular commodities such as oil and gold.
March Crude Oil Performance Chart (26/01/12 17:45 London time)
| Daily % Chg | 1.16% | 3 months | 10.62% | |
| 1 week | 0.01% | 6 months | -0.78% | |
| 1 month | 0.85% | 1 year | 4.50% |
Details
| Prev close | 99.40 | 52 week high | 114.87 | |
| Last trade | 100.55 | 52 week low | 75.92 | |
| High | 101.39 | Low | 99.44 |
Bloomberg Median Forecasts
| Q1 2012 | 96.0 | Q3 2012 | 102.0 | |
| Q2 2012 | 96.5 | Q4 2012 | 105.5 |
Commentary
Crude oil rallied after Federal Reserve chairman Ben Bernanke said there will be no rate hikes through to at least 2014, while signalling that a third round of QE is in the pipeline. The Federal Open Market Committee 'recognises the hardships imposed by high and persistent unemployment in an underperforming economy, and it is prepared to provide further monetary accommodation,' Mr Bernanke said yesterday at a press conference in Washington. Anthony Grech, London
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Notes: Chart data sourced from Bloomberg. Bloomberg Median Forecasts are produced by Bloomberg by taking the median level from rates forecast by a number of contributors. These contributors consist of leading banks and security firms.
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