Business Maverick: What to watch as commodities markets brace for hits to supply

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Supply issues are set to dominate commodities trading in coming days, with Europe’s natural gas shortage in focus along with an OPEC+ decision on what’s next for oil flows.

burst higher to start the week, as traders prepared for an OPEC+ meeting held against a highly fluid backdrop for the global market. Crude is coming off three straight monthly losses, its longest slump in over two years, and has tumbled below $100 a barrel on fears over slower economic growth in China and tighter monetary policy in the US.

Violent storms can threaten sugar cane in Florida and Louisiana, the top US growers, and citrus crops in Florida, the biggest domestic supplier of fruit for juice.

 

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