Brent to Average $73 Over 2H 2021, ING's Patterson Says

The video discusses the impact of the Delta variant on the oil market, highlighting OPEC's cautious approach to production increases. It forecasts oil prices to remain supported despite potential demand downturns. The discussion shifts to non-food inflation, focusing on crop costs due to adverse weather in Brazil, affecting sugar markets. The video concludes with an analysis of the gold market, predicting continued pressure due to Fed tightening, and highlights aluminium as a strong performer, while copper is expected to face supply improvements.

What are the implications of the weather conditions in Brazil on crop costs?

What are the expected best and worst performers in the commodities market for the rest of the year?

How do you foresee the performance of gold in light of potential Fed tightening?