Commodity Corner: Trading Oil, Gold and Corn

Saxo Bank’s Head of Commodity Strategy Ole Hansen brings us his weekly round up of the headlines from the commodity markets. This week he starts with the implications for the price of oil following the deal with Iran over its nuclear programme. The price could be driven back down to USD 45 per barrel once Iranian oil is allowed into the open market. However, it wouldn’t stay at those levels for long, in Ole’s opinion, given that US shale oil producers would be forced to pause production leading to a