Crude oil is a highly political energy commodity that powers the world. The U.S. is the world's leading oil-consuming country.
Source: Statista
The chart shows the U.S. was the… more
Crude Oil
The ongoing and escalating war in the Middle East between Israel and Iran and its proxies is not bearish for crude oil prices. However, other factors have led crude oil lower. China is the world's… more
The nearby NYMEX crude oil futures price reached a fourteen-year high in March 2022 after Russia invaded Ukraine. After running out of upside steam at $130.50 per barrel, the continuous contract… more
While the U.S. energy policy embraces alternative and renewable fuels and inhibits hydrocarbons, crude oil remains the energy commodity that powers the world. In 2022, the war in Ukraine and U.S.… more
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… more
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-… more
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… more
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… more
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,… 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