Base Metals Favored, Oil May Rise to $85, UBS Wealth's Gordon Says

The video discusses the current trends in the commodity market, highlighting the impact of China's trade data on base metals and the influence of global weather conditions on agricultural commodities like grains, soybeans, and cotton. It also examines the unwinding of long positions in soft commodities and the potential for recovery in hard commodities, particularly base metals like copper and nickel. The discussion extends to the oil market, focusing on the implications of the US-China trade tensions and OPEC's potential production adjustments.

What are the expected outcomes of the OPEC meeting regarding oil prices?

How does the supply side of the base metals market influence prices?

What are the potential impacts of the US-China trade spat on commodity prices?