Brent refinery

Markets focus on EM weaknesses again

MADRID | July 23, 2015 | By Francisco López | Until just over one year ago, funds with high exposure to emerging economies were the start product. Now the trend has reversed. Investors are rolling back their positions due to the vulnerabilities that present many countries due after the fall in commodities prices, China’s economy slowdown and expectations of US Fed rates hike.

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Oil hits five-year low on oversupply worries

MADRID | The Corner | Benchmark Brent crude dived on Tuesday to its lowest in five years, plummeting below $66 a barrel after plunging more than 4 percent the day before on worries of a swelling supply glut, according to Reuters. Oil prices are likely to remain around $65/barrel for the next six or seven months, the chief of Kuwait’s national oil company said on Monday, in the latest sign that Gulf producers are ready to ride out plunging prices. According to experts at Link, this could lead to tensions on the money markets.