Crude Oil

Nov 30, 2022

As markets head into the final month of 2022, market participants continue to face uncertainty as the war in Ukraine continues, the Fed is battling the highest inflation in decades, gridlock in the US government is on the horizon in 2023, and... more

May 31, 2022

In early March, crude oil prices rose to their highest levels since 2008 when nearby NYMEX futures rose to $130.50, and Brent futures hit $139.13 per barrel. While crude oil reached a fourteen-year high, oil products did even better, soaring to... more

Mar 01, 2022

The first major war in Europe since WW II broke out in February with Russia’s invasion of Ukraine. At the beginning of March, the Ukrainian military and citizens continued to hold off the Russian invaders from conquering the country, but not... more

Feb 02, 2022

At the most recent Fed meeting, the US central bank set the stage for ending quantitative easing in early March and liftoff from a zero percent short-term Fed Funds Rate at the March FOMC meeting. Bank of America expects the Fed to increase... more

Jul 26, 2021

Commodity prices have been trending higher since reaching lows in March and April 2020. Over the first six months of 2021, a composite of the asset class was up over 20%. In May, lumber, copper, and palladium prices reached all-time highs. While... more

Jun 04, 2021

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, but it also fell to a low of negative $40.32.... more

Mar 01, 2021

Declining inventories in the aftermath of the previous week’s deep freeze, now referred to as winter storm Uri, as well as continued reductions in global stocks and a measurable decline nationally in Covid-19 cases were among the key drivers that... more

Mar 01, 2021

In August 2020, the US Federal Reserve made a not-so-subtle change to its inflation policy. The world’s leading central bank shifted from a 2% target to an average of a 2% target for the economic condition.

Inflation is a general increase... more

Apr 30, 2020

April 2020 will go down in history as the month that the price of crude oil fell to a low that most market participants did not believe possible. West Texas Intermediate crude oil began trading on the NYMEX division of the Chicago Mercantile... more

Apr 20, 2019

Crude oil is the energy commodity that powers the world. Over the past six months, the international oil market provided a rollercoaster of volatility for market participants. A ride to the downside from October through December last year... more