Natural gas slumps, copper jumps as virus maintains grip: index – ZAWYA

Natural gas slumps, copper jumps as virus maintains grip: index – ZAWYA

Natural gas slumps, copper jumps as virus maintains grip: index | ZAWYA MENA Edition HomeMarketsCommoditiesArticleNatural gas slumps, copper jumps as virus maintains grip: index Natural gas hit a 25-year low    However, as we end what has been a very volatile and at times troubling first-half, driven by the worst pandemic-related slump in global growth since WW2, the outlook for the second-half remains somewhat troubling. The pandemic remains out of control in several regions while the renewed surge across the US and the recent scare in Beijing all highlight the risk this invisible enemy is still posing.The commodity market looks set to finish Q2, or the recovery quarter, with strong gains in energy and metals. Overall, however, the Bloomberg Commodity Index which tracks a basket of key commodity futures has only managed a small return relative to other markets.The reason being is the drag from agriculture commodities, some of which have been weighed down by ample stocks and reduced demand from consumers in lockdown.However, as we end what has been a very volatile and at times troubling first-half, driven by the worst pandemic-related slump in global growth since WW2, the outlook for the second-half remains somewhat troubling. The pandemic remains