Commodities Weekly Wrap-Up: Monday June 19/Friday June 23

Commodities wrap-up for the week shows that though crude prices, which took a hit and dropped below $44 on Tuesday rallied, it still ended the week with a loss of $1.43 (Brent) and $1.62 (WTI). Analysts have forecasted that the rebound may not be complete until current oversupply has been cleared and expansion of U.S shale drilling firms slowed down.

With the exception of gold that made a weekly gain of $1.21, all other commodities ended with the week with loss.