Five Key Charts to Watch in Global Commodities This Week
Options traders are the most bearish in months on Brent crude after OPEC+ nations agreed to again delay the return of oil output halted since 2022.
Photographer: Anindito Mukherjee/BloombergThis article is for subscribers only.
The move by OPEC+ to delay the revival of supply to April is making options traders the most downbeat in months. Soybeans are in the spotlight with the US Department of Agriculture releasing its latest supply-and-demand estimates Tuesday. And the US natural gas “widowmaker” trade has flipped, signaling early bets of an oversupplied market at the end of winter.
Here are five notable charts to consider in global commodity markets as the week gets underway.