JPMorgan Says Crude Oil, Gold to Drive Rebound in Commodities on Shortages

- May 18th, 2011

Bloomberg reports crude oil and gold will lead a rally in commodities as production fails to keep pace with demand.

Bloomberg reports crude oil and gold will lead a rally in commodities as production fails to keep pace with demand.

The market news is quoted as saying,

“Ultimately, the long-term fundamental supply and demand of commodities is still pointing to higher prices,” Eyles said in an interview. “The commodities that have the best underlying fundamental stories at the moment” are in energy because of unrest in the Middle East and Japan’s nuclear crisis, he said.

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