Analysts note an increase in the volume of long speculative positions in silver and gold futures. At the same time, short positions are being reduced. In other words, investors believe in further growth of precious metals.

According to a Goldman Sachs analyst review, in 2023 commodity markets may face the consequences of lack of investment. It was noted that even a significant increase in prices at the beginning of the year did not lead to an increase in commodity projects’ investment.

Oil is likely to hit $100 per barrel in 2023. This is reported by Eric Nuttall, senior portfolio manager at Ninepoint Partners LP, in his interview with the Financial Post.

S&P Global Vice Chairman Daniel Yergin stated that after the easing of restrictions against COVID, China's economy will reopen and oil prices can reach $121.

The recent oil spill on TC Energy's existing Keystone pipeline was an additional push to deny permission to build the Keystone XL pipeline.

European gas prices hit record lows since June 14. The decline in price is linked to heavily increased volumes of LNG imports and larger than usual inventories, with both factors reducing concerns over supply.

Gold prices are steady ahead of key US economic growth and inflation data, which are to be released this week.

Despite the agreed sanctions, the European Union (EU) has allowed Slovakia to export oil products from Russian fuel. This was reported this Wednesday by the Reuters news agency, referring to Karel Hirman, Slovakia's Economy Minister.

The Office of Foreign Assets Control (an agency within the US Department of the Treasury) published on its site the clarification concerning the shipments from RF.

According to the Cabinet Office's December economic report, Japan is going to keep a close eye on the factors such as the spread of COVID-19 in China, economic downturn risks, sharp price increases and supply issues.