Commodities prices drop after May highs due to supply concerns, especially in oil and gas.

From Investing.com: 2024-06-12 15:55:00

Oil prices have dropped after record highs in May but are still supported by supply concerns. OPEC+ extends supply cuts to maintain market deficit in 2024. European natural gas prices surge due to supply worries including Norway maintenance and Russian pipeline concerns. Copper hits record levels but faces short-term supply concerns despite bullish narrative.



Read more at Investing.com: The May Commodities Rally Comes to an Abrupt End