SaxoTV

Hansen: Commodities crumble as market scrambles for support

450 views
November 24, 2015 brent, brent crude, brent geo-political, commodities, commodities markets, commodities prices, commodities supply, commodities trading, commodity, commodity index, 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, crudeoil, fed, fed meeting, federal reserve, federal reserve rate hikes, federalreserve, fomc, fomc meeting, fomc minutes, fomcmeeting, oil, oil commodities, oil demand, oil industry, oil market, oil markets, oil price, oil prices, oil production, oil supplies, oil supply, oil trading, opec, opec meeting, opec oil price, opec price, opec production, saxo, saxo bank, saxo tv, trading, tradingfloor, tradingfloor.com, us dollar, us dollar index, us dollar rise, usd, venezuela, wti, wti crude, wti crude oil, wti price
Commodities are trading at multi-year lows as the market worries about a slowdown in Chinese growth and the possibility of a US Fed rate hike. The mood is so bad that even raw materials that had a promising outlook are falling victim to the sell-off, says Saxo Bank's Ole Hansen.

He discusses which commodities are worst hit with a special emphasis on crude and next month's OPEC meeting. Venezuela, he says, is close to bankruptcy because of the low oil price.