Oil & Metal Volatility– April 15th, 2024

Investors remain concerned that the recent Iranian attack on Israel could trigger a broader conflict in the Middle East. This potential escalation raises worries about disruptions to Oil supplies from the region, which could lead to significant price increases for various commodities. However, Oil prices have remained steady today as the market awaits further developments.
Following the announcement of further sanctions against Russia, the price of aluminum surged due to concerns about disruptions to production, and the cost of copper fell. This suggests that the specific impacts on different commodities will vary greatly depending on their supply chains and potential disruptions linked to the conflict, emphasizing the need for flexibility in investment strategies.
Current geopolitical tensions worldwide have contributed to commodity volatility, but recent news has yet to settle in the market; the week ahead should reveal more insights as to what investors can expect.

Read more at: https://www.euronews.com/business/2024/04/15/how-irans-attack-on-israel-could-impact-commodities