Concerns About Weak Consumption Demand in Commodity Markets, Rubber Prices Plummet

According to the Vietnam Commodity Exchange (MXV), the global commodity raw materials market continued to experience fluctuations during the trading session on June 12. At closing, the MXV-Index slightly decreased by nearly 0.1% to 2,226 points. Notably, after a sharp increase in one session, crude oil prices turned weak. Meanwhile, in the rubber market, prices plummeted due to concerns about demand. At the end of yesterday's trading session, a cautious sentiment prevailed in the energy market as investors reassessed the impact of complex geopolitical developments in the Middle East. At closing, Brent oil prices dropped 0.59% to $69.36 per barrel, while WTI oil prices also recorded a slight decrease of 0.16%, stopping at $68.04 per barrel. Currently, the relationship between the US and Iran regarding Tehran's controversial nuclear program remains tense. In his latest statement, US President Donald Trump suggested that an Israeli military airstrike against Iran is entirely ...