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Brazilian pipeline gas prices rose by 6.7pc to $12.15/mmBtu on 24 May from $11.39/mmBtu on 2 January — while crude rose by 5.9pc, according to Argus data. That increase was more than four percentage points higher the increase in Henry Hub Day-ahead gas index price, which rose by 1.6pc. The Brazilian real depreciated by 5.3pc to R5.1508 to the US dollar on ...
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The rout in commodity prices didn’t last long, as expected, with dip buyers emerging late last week to take advantage of better entry levels. Crude and copper look particularly constructive following the recent bounce. With almost no new fundamental news to look at with public holidays in the United States and United Kingdom to start the week, traders are ...