Crude prices rose for a fourth consecutive week as optimism regarding an economic recovery propelled Crude prices to multiyear highs. The ambiguous intent of the current administration regarding… more
Commentary
Petroleum prices rose for a third consecutive week, reaching their highest levels since October 2018. A positive report from the EIA stating that global demand would reach pre COVID-19 levels by… more
Prices for the actively traded July 2021 CME Group soybean oil futures reached all-time new highs in recent trading sessions (see Figure 1), spurred by increasing demand from the biofuels industry… more
The unemployment data was not as robust as expected but not bad since hourly wages rose above consensus, the work week remained elevated and the jobless rate dropped to 5.8%. The headlines are… more
Petroleum prices reached two-year highs, gaining for the second consecutive week and fifth in the last six. Continuing expectations of demand recovery, a strong report from the EIA regarding… more
Every G-7 or G-20 meeting homage is paid to the idea of free markets via the market driven value of each nation’s currency. This is hogwash of the highest order in the world of central bank asset… more
On April 20, 2020, nearby NYMEX futures did what few market participants believed possible. Not only did the price of a barrel of West Texas Intermediate drop below zero during the delivery period… more
Petroleum prices increased for a fourth week in five, touching 31 month highs on Thursday before easing at week’s end. Accelerating demand growth in the US linked to improving economic barometers… more
Petroleum prices experienced their largest weekly drop since March, falling for the first week in four primarily due to the emerging view that Iranian supplies will increase amid reports of… more
Ten days ago, we published a blog post titled, “Sanctions Are Sanctimonious.” And lo and behold, this past week the U.S. moved to remove sanctions on the completion of the NORDSTREAM 2 … more