Five Key Charts to Watch in Global Commodity Markets This Week
Forecasts for oil consumption next year from three main forecasting groups have taken a bearish turn since July.
Photographer: Stefani Reynolds/BloombergThis article is for subscribers only.
Diminishing forecasts for future oil consumption are adding pressure to crude prices. This year’s Atlantic hurricane season has spun out fewer storms than 2023, but the toll from five that made landfall in the US will go down as some of the most destructive in recent memory. Orange juice futures are lingering at elevated levels.
Here are five notable charts to consider in global commodity markets as the week gets underway.