UBS' Gordon Sees Crude Prices Near $80 a Barrel in 1Q 2019

The video discusses recent trends in commodity prices, focusing on metals and crude oil. It examines the impact of US-China trade policies on metal markets and China's economic policies on commodities. The dynamics of the crude oil market are explored, highlighting factors like speculative positioning and US production. The video also touches on the influence of weather events, such as El Nino, on agricultural commodities.

What was one of the main reasons for the early pressure on metals markets?

• High demand from Europe

• Donald Trump's trade policies with China

• Technological advancements in mining

• Increased production in Africa

Why are base metals preferred over bulk commodities like iron ore in the short term?

• Increased winter demand

• China's easing policy

• Lower pollution-related cuts

• Higher steel prices

What is a key factor contributing to the strong demand for crude oil?

• High European imports

• Decreased US production

• Speculative positioning

• Low global demand

What weather event is expected to impact agricultural commodities?

• Hurricane season

• Monsoon rains

• El Nino

• Drought in Africa

Which commodity is expected to be the strongest performer in the first half of the year?

• Crude oil

• Iron ore

• Copper

• Gold