2 days ago • Posted by William Ramstein

Oil leads YTD returns on recovery trade expectations and rising oil prices

Meanwhile oil prices maintained their existing YTD lead, with WTI (+7.5%) and Brent (+5.8%) both moving higher, to take their YTD gains to +31.0% and +29.8% respectively. As with copper, hopes for a strong recovery after the pandemic have supported gains, with oil set to be in demand as economies open up once again.

Source: Zero Hedge