April market snapshot : Overview of the macro and micro economic factors that impacted our markets
12 May 2016
April was the month of commodity price recovery. Oil, particularly, enjoyed plenty of attention. To address the recent oil glut, oil producing countries met in Doha mid-month, but an agreement to temporarily freeze oil output failed after Saudi Arabia refused to sign the agreement in the absence of Iran. Still, Brent Crude continued its price recovery to end the month 9.2% higher. Expect to pay more at your local petrol pump and your grocery store if this trend persists.