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Tag: Barclays

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Barclays: Copper and Oil May See ‘Steep Declines’

Bloomberg reported that according to Barclays plc (LSE:BARC), commodities like oil and copper may decline steeply due to “recent advances that aren’t fully grounded in improved fundamentals.” The firm predicts that investors may make a rush out of these commodities.

Copper Futures Dip Briefly Below $2

Bloomberg stated on Thursday that copper futures had traded below $2 on Thursday. The report suggested that copper prices have not yet fallen far enough, with one analyst stating that the metal could fall as much as 25 percent more before meaningful cuts to supply are seen in the space.

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