Petroleum prices gained for a second week in four and ended July positive for a fourth consecutive month. Easing concerns regarding the delta variant of the COVID-19 virus, an ongoing and accurate… more
Energy
Since the May 7th high at $6.38/bu., CME Group December 2021 Corn futures have been trading in a sideways albeit large trading range with the $6.10-$6.38 area as resistance and $5.00-$5.15 area as… more
Petroleum prices gained for the first week in three despite opening the week with a 7.5% drop on Monday. The severe drop was due in large part to ongoing concerns of the delta variant of COVID-19… 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
Petroleum prices dropped for a second consecutive week and second in eight, falling by the largest amount since the week of March 26th. Prices did recover slightly on Friday. The resurgence of the… more
Petroleum prices eased for the first week in seven after briefly touching six-year highs as support derived from strong fundamental circumstances of rising demand and falling inventories was… more
Petroleum prices continued to increase as Crude rose for a sixth consecutive week, the longest such streak since December. A dispute within OPEC has extended their scheduled meeting into this week… more
Crude prices rose for a fifth consecutive week as continuing optimism regarding the ongoing economic recovery propelled prices to their highest level since October of 2018. This fifth consecutive… more
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
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