The pressure on commodities prices is likely to be short-lived unless the banking shock spreads to the wider economy, Fitch Ratings says in a new report. The focus will shift to supply and demand fundamentals for each commodity once concerns about the banking sector ease. The rebound in China due to removal of zero-Covid restrictions should provide a boost to demand across commodities. The global oil market remains largely balanced, which provided the support to oil prices despite the recent sell-off on banking fears. Price volatility will be driven by geopolitical tensions, the health of the global economy and ... (full story)