Energy leads commodities surge with oil up roughly 50% in first half of 2022

Energy leads commodities surge with oil up roughly 50% in first half of 2022

 

Among the key factors contributing to the poor performance in copper and silver was the “much quicker pace“ of interest-rate hikes by the Federal Reserve and major central banks, said Chintan Karnani, director of research at Insignia Consultants. Lack of Chinese demand, with much of the nation in lockdown for a time and fear of a recession were also to blame, he said.

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https://www.marketwatch.com/story/energy-leads-commodities-surge-with-oil-up-roughly-50-in-first-half-of-2022-11656610451