Wheat Prices Up by 0.39% On The Back of Unfavourable Weather Conditions in the US

Proshare

Friday, October 12,  2018 / 04:18 PM / FDC

 

Oil prices have fallen sharply by 1.6% partly because of higher US interest rates and also as a result of fears of slowing global growth (3.7%).

 

Any further retreat in prices could easily erode the stability in the Nigerian forex market.

 

However, since this is a widespread fall across most commodities, we expect the oil price slump to be temporary and a recovery in November.

 

This is a snapshot of the global and domestic developments in the commodities market this week.   

 

Proshare Nigeria Pvt. Ltd.

 


 Proshare Nigeria Pvt. Ltd.


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