Commentary

Market Summary: October 10, 2021

Oct 11, 2021

Petroleum prices rose for a seventh consecutive week as WTI hit $80 for the first time since November 1, 2014. No imminent release from the US Strategic Petroleum Reserve as falsely rumored earlier in the week, more switching to petroleum for... more

Q3 2021 is in the Books: Softs Lead in Q3, Energy is the Leader in 2021

Oct 05, 2021

The raw material markets asset class edged higher in the third quarter of 2021 after posting gains in Q1 and Q2. The commodity asset class consisting of 29 of the primary commodities that trade on US and UK exchanges moved 2.11% higher in Q3 than... more

Market Summary: October 2, 2021

Oct 04, 2021

Petroleum prices rose for a sixth consecutive week and sixth consecutive quarter. This was the largest monthly increase since June as Crude prices touched three year highs earlier in the week. Prices increased despite US Crude inventories rising... more

Market Summary: September 26, 2021

Sep 27, 2021

Petroleum prices rose for a fifth consecutive week as worse than expected long-term damage to both refining and production assets in the US Gulf coupled with the inability of OPEC+ to increase production overshadowed any concerns related to... more

Market Summary: September 19, 2021

Sep 20, 2021

Energy prices increased for a fourth consecutive week, touching their highest levels since July.
A slow return of production from Hurricane Ida, smaller than expected increases from OPEC+
due to production issues and an IEA monthly... more

Market Summary: September 12, 2021

Sep 13, 2021

In the week following the worst hurricane in the US Gulf Coast in the last 16 years, Crude and product market prices are conspicuously void of trends. The bullish effect of the loss of approximately 21 MB of Crude production due to Hurricane Ida... more

Notes From Underground: Will It Be An Inflated Jobs Report?

Sep 09, 2021

After FEDERAL RESERVE Chairman Jerome Powell’s Jackson Hole speech, the jobs data may have taken on added significance. Inflation was not a concern for Powell as that is considered transitory within the bowels of the FOMC. The failure of the... more

Market Summary: September 5, 2021

Sep 07, 2021

Hurricane Ida, a category four storm with winds exceeding 145 MPH, made landfall last Sunday in eastern Louisiana. Most US Gulf oil production, Natural Gas production and more than 2.3 MBPD of refining capacity were affected. Slow recovery of... more

The Roundtable Insight – Harley Bassman, Brian Pellegrini and Yra Harris on the Economy and the Financial Markets

Sep 01, 2021

Harley Bassman, Brian Pellegrini and Yra Harris on the Economy and the Financial Markets

Mr. Bassman is a Managing Partner at Simplify Asset Management, a designer and manager of ETFs that offer better portfolio solutions for... more

A Golden Coma

Sep 01, 2021

After soaring to an all-time peak in August 2020 in US dollar terms, gold has traded on either side of $1800 per ounce throughout 2021. The yellow precious metal reached a record level in nearly all currencies in 2019 and 2020. Gold was the first... more