Commodities Analysis & Opinion

The big news this week was that oil futures turned negative on Monday as the May contract for the American benchmark, WTI, was about to expire. This was not unexpected and reflected the fact that...

Natural gas bulls know a thing or two about negative pricing. They also know when it’s time for their fuel to make some hay — especially now, as the sun gets blotted out on gas’ more...

Across the commodities universe, the loudest rumblings are about the carnage in oil, Monday’s historic subzero prices for U.S. crude and how finding tankers to store oil is like finding...

Donald Trump calls at least one of them his “friend,” and has spoken on the phone with the other four times this month alone.Yet, few might be more pleased than Saudi Crown Prince Mohammad...

Is U.S. crude doomed to finish another week under $20? It depends not just on oil supply and storage, but also on how markets digest America’s progress through the COVID-19 pandemic and the...

Before the OPEC deal was finalized at the weekend, I wrote that oil will probably be going to hell in a handbasket if the cartel and the rest of the world don’t agree on cuts. Five days later,...

Sell the front, buy the back. The classic trade developing in natural gas — or, for that matter, in oil or any commodity with a hopeless immediate outlook now — is creating a...

It’s the question reverberating across the gold universe: With the yellow metal well past $1,700 an ounce, is $1,900 and a new record high happening this year?Before we get to even that,...

Buy the fact, sell the rumor: that’s the likely course for oil as misplaced faith in an output pact achieved by major producers leads to a rebound, before underwhelming production cuts from the...

A potential end to 17 weeks of storage draws in U.S. natural gas looms as power burns suddenly jump and temperatures beckon lower. The conflicting trends have revived volatility in a commodity often...

It’s hard for me to look away from oil, with crude at one of its most defining moments ever between landmark production cuts or a deeper price crash. Yet there are 30 other commodities in...

OPEC and its OPEC+ partners plan to hold a virtual meeting on Thursday to discuss cutting oil production in the face of plummeting prices and a growing oversupply. About a month ago, the OPEC+ group...

Earlier today, gold futures hit a seven-year peak of $1734.35. They've retreated for now, but we believe the contract's bullish run is by no means over. It may yet take on the August 2011 all-time...

Like birds of prey, the state oil giants of Saudi Arabia and Russia can smell the decay setting into the U.S. shale industry and the market share that will come free when its weakest die from the...