What’s Driving Commodities Higher?
February 24, 2016 at 12:41 PM EST
Crude oil prices have rebounded from their lows of below $30 per barrel earlier this week. At the same time, copper prices rallied from less than $2 per pound to more than $2.10 per pound. Some traders may call it a simple relief rally after such a steep fall in prices, but others believe that market fundamentals may be changing sentiment as supplies start to fall and demand could show signs of picking up.