Commodities August 2018

Recovery signals for the oil market?

Saudi Arabia has started to increase inventories again, for instance here in the Ras Tanura oil refinery of Aramco on the east coast near Dhahran on the Persian Gulf.

Growing unrest caused downward pressure on energy markets while agricultural commodities developed well. Ali Beydoun, Portfolio Manager, analyzes the recent developments in commodity markets and highlights the impact on Picard Angst commodity strategies.