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The big freeze pumps oilWith large swaths of US refining and production capacity offline due to the Texas power crisis and big freeze, oil prices marched higher again overnight. Brent crude rose 2.30%...
It's coming up on a year since the coronavirus pandemic exploded across the world and global lockdowns expanded beyond China to almost all of the rest of the world. The global oil demand situation...
Divergent stock market sentiment and gold's drawdown have not stopped oil and natural gas from rising. The price of these energy resources has received a powerful driver in recent days with extreme...
The aftermath of winter storm Uri, one more winter storm, will affect many people in the plains and south and eventually the east as well on Tuesday. I find Oklahoma and Texas are the spots that just...
Gold prices are currently trading near $1,780 which fell down to a 2-1/2 month low yesterday due to strength in dollar index and rally into US Bond yields. However gold losses were limited after...
Call it the black swan event of natural gas.Just like how COVID-19 totally threw the world off guard, the Artic freeze that’s paralyzed part of the energy production in Texas has caught the US...
There has been quite a bit of chatter related to precious metals lately. The rally in cryptos, particularly Bitcoin, and various other stocks have raised expectations that gold and silver have been...
Last year’s rally in the price of gold brought renewed excitement to gold bulls (and gold bugs). And it all makes sense. A pandemic, political unrest and lots of money being handed out. But gold...
Supply cuts speed up the tightening processThe additional supply cuts announced by Saudi Arabia at the start of the year have clearly helped to speed up the rebalancing of the oil market. The...
The last time NYMEX crude oil futures traded above the $100 per barrel level was 2014, when the energy commodity reached a high of $107.73. Since crude oil futures began trading on the CME’s...
Gold is dodging bullets, as it comes increasingly under fire from rising U.S. interest rates and a USD that is poised to surge.Catching unsuspecting traders in yet another bull trap, gold’s...
Bone-chilling weather throughout a significant portion of the United States over the past few days—including a rare deep freeze accompanied by winter storms across much of the country's south,...
After repeated attempts to breach the psychological resistance of $3 during the last week, natural gas futures, trying to sustain above this psychological resistance with supportive cold weather.The...
US Big Chill Boosts OilThe cold weather sweeping the United States down to Texas has caused rolling power blackouts, a massive spike in electricity spot prices, and taken nearly 1 million barrels per...
It’s the one commodity that hasn’t exactly been steaming in this year’s rally. Prices of coffee beans are brewing even as annual revenue for roasted and instant coffee products is...