Given those fundamentals, the case for arguing that commodity prices have been driven to excess by speculators looks rather stronger.

有了这些基础，投机者推高大宗商品价格因素很强。

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Remember, Russia is an oil and gas play no matter what you like about non-commodity fundamentals.

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The improvement in the dollar, discussed below, is likely to add some pressure on commodity markets despite the strong fundamentals.

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Some professional money managers are starting to treat commodities as a tradable asset class, which bothers some traditional investors as each commodity has different supply and demand fundamentals.

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