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HSBC Sees "Upside Risks" From "Super Squeeze" In Commodities

HSBC Sees "Upside Risks" From "Super Squeeze" In Commodities London copper futures are trading north of $14,700 a ton, Brent crude futures have climbed above $101 a barrel, US diesel crack spreads are back in triple-digit territory, and the Bloomberg Commodity Index is at a 14-year high. The energy shock has broadened into a rally across the commodity complex, from energy to agricultural products to metals and other critical materials, with a growing number of Wall Street research desks identifying tightening physical supplies as a key driver. HSBC chief economist for...
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