Oil drops on higher inventories – Danske Bank

FXStreet (Edinburgh) - Lars Christensen, Chief Analyst at Danske Bank gives a quick view of recent commodities price action.

Key Quotes

“Oil prices have dropped back from a six-week high overnight on the back of a report from the US Energy Information Administration that US oil inventories grew much faster than earlier forecasted”.

“Other commodity prices, on the other hand, have generally been rising on the back of hopes of Chinese economic stimulus”.