Dubai Commodities Clearing Corporation has what it takes for a de-dollarized world
Dubai Commodities Clearing Corp is well set for changes to a dollar-powered global economy
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Dubai Commodities Clearing Corp is well set for changes to a dollar-powered global economy
The commodities market bucked the trend of most markets in 2022, registering solid gains. The Ukraine conflict curtailed the supply of energy and food commodities, and prices soared. Will that pace diminish in 2023 as recessionary conditions dampen consumer confidence? Or will the uptake in demand from a reviving China keep prices high?
We put this market outlook in front of the team and asked which points they agreed with and where they felt JPMorgan got it wrong.
Analysts at JPMorgan have warned that a full and immediate ban on Russian oil imports into the European Union could drive the price of crude up to $185 per barrel.
Oil prices could shoot up to a record $185 per barrel if the European Union acts to impose a full immediate ban on imports of Russian oil, JPMorgan says