Commodities Analysis & Opinion

Energy - Lower US Oil Supply Growth Oil prices came under further pressure yesterday, with ICE) Brent settling more than 2.6% lower as COVID cases in China rise, while the government recently made...

The bulk of the complex came under pressure yesterday after Chinese health officials reaffirmed their zero-Covid policy. Meanwhile, milder than usual weather in Europe is set to continue for at least...

Technicals indicate a run toward $21 in first leg and $24 in second leg Weakness below $19.40 could trigger drop to $18.45 Silver an inflection point over potential to China’s COVID-Zero After...

CPI reading due in China on Tuesday, in the US on Thursday China reiterates commitment to COVID-zero approach US CPI could give timeline on Fed rate pivot Weak number could signal recession From the...

The oil market managed to settle higher yesterday despite a 75bp hike from the US Fed and comments suggesting that rates will peak at a higher level than previously expected. That said, they also...

Four straight days of double-digit gyrations on Henry Hub’s front month All eyes on Freeport LNG’s planned reopen US and Europe’s weather models giving muddle outlooks Giddy-up! The...

The commodities complex came under pressure yesterday due to US Dollar strength. Markets will likely be focused on the FOMC meeting later this week, where the US Fed is expected to hike rates by...

Seven straight months of losses and counting: Copper is having its worst bearish streak in 25 years, with no immediate certainty of a rebound as inflation at near four-decade highs, aggressive central...

As OPEC+ aims to carry out production cuts, China announces more COVID curbs Slowing output in U.S. shale patch Permian Basin also limits oil’s downside Fed and BoE expected to announce 75-bps...

The relationship between the White House and Saudi leadership has soured tremendously since OPEC+, led by Saudi Arabia, decided to cut oil production against the Biden Administration’s wishes....

Henry Hub’s front-month back at above $6 after 4 weeks below that key level Market trapped between resistance of $6.28 and support of $5.80, charts show US storage likely grew by...

In another example of market unpredictability, wheat futures are being hammered. The Russian invasion of Ukraine exasperated a supply shortage caused by coronavirus lockdowns. Russia and Ukraine are...

Cocoa prices have pulled away from 3-½ year lows despite recession risk Current $2,290/tonne price compares with March 2018 low of beneath $2,200 Friendly weather, abundant supply and growing...

Heating oil down 11% from the week ended Sept. 30 through Oct. 21 Plunge came as first distillate stockpile build in 4 weeks met warm weather Charts indicate drop to $3.39 and below if next...