London Metal Exchange base metals were universally trading down at the close on Tuesday April 21, with risk-off sentiment capping LME base metals' futures prices, which precipitated a broad-base sell off across the whole complex.
Brent Crude Oil futures' prices were hit significantly during the afternoon session, down 4.15% at $25.17 per barrel, with some analysts suggesting that the commodities sector is undergoing a deleveraging process amid traders taking profit against their LME base metals futures positions to cover losses in the energy sector.It...