Saxo Group Videos

Videos Channels Search

Hansen: Oil prices slip to 2003 levels but gold shines bright

Oil prices continue to plunge and are now at their lowest since 2003. Saxo's Ole Hansen points to Wednesday's disappointing US inventory report that hasn't helped matters. It's recorded the biggest weekly inventory rise in gasoline since 1993. Continuing concerns about China are also scaring markets.   


Hansen says the biggest winner for commodities this year so far is gold, particularly priced in Chinese renminbi.

01:30 minutes
Tags: china, china economy, china economy growth, china equity market, china gdp, china politics, china slowdown, chinese, chinese economy, commodities, commodities markets, commodities prices, commodities supply, commodities trading, commodity, commodity gold, commodity investing, commodity investments, commodity market, commodity markets, commodity outlook, commodity prices, commodity strategy, commodity trade, commodity trading, commoditymarket, crude, crude oil, crude oil price, crude oil prices, crude price, crude prices, crude spread, crudeoil, renminbi, saxo, saxo bank, saxo tv, saxotv, trading, tradingfloor.com, wti, wti and oil, wti brent, wti brent spread, wti crude, wti crude oil, wti crude prices, wti price, wti supply, wti us, wti vs brent, wticrude

Switch to