It was carnage across the commodity space with oil collapsing more than 10% and the Nymex crude prices slipping below the USD 100- mark.
The resurgent dollar, coupled with demand concerns and disappointing economic data weighed on sentiment. Brent prices too dropped to USD 111 a barrel levels. Also Read: Silver deepens dive to 5-week low, gold slips
According to Jonathan Barratt, MD of Commodity Broking Services, it all started with some fundamental news and people questioning the resolve of the recovery that we have had.
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