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Commodity investors will get critical insights into energy, metals and crop markets this week against a backdrop of better-than-expected economic data and countervailing concern over the jump in coronavirus infections.
As regional oil producers, Indonesia and Malaysia are likely to be in the firing line, with Singapore’s “huge” petrochemical industry taking a hit as well.
SINGAPORE (Oct 5): DBS is maintaining its average Brent crude oil forecasts of ~US$75/bbl for 2018 and US$75-80/bbl for 2019, with the intention to monitor developments in the coming weeks.