Saturday, December 30, 2017

Investor’s forecasts for inflation climb as copper, oil prices notch multiyear highs

By Market Watch, Dec. 29, 2017 

Inflation expectations as measured by the bond market have risen to their highest levels since April as prices for key commodities hit multiyear records this week.

Crude futures CLG8, +0.43%   touched $60 a barrel for the first time since June 2015 this week on inventory reports that were bullish for prices and after a Libyan pipeline exploded, disrupting oil supplies from a key member of the Organization of the Petroleum Exporting Countries. Meanwhile, copper prices HGH8, -0.41%   rose to a four-year high after reports showed Chinese imports for the red metal climbed 19% in November.

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