Commodities Analysis & Opinion

It’s was another volatile week for oil prices, with global growth fears dampening the demand outlook but OPEC+ sitting in the background ready to respond if prices drop too far. Brent crude...

Despite wild price swings, natural gas bulls feel exhausted after waging a long war as Russia feels now since its invasion of Ukraine.Undoubtedly, Russia’s invasion tilted the whole global...

We are so far only in a technical recession, but the true recession is coming, or it has already begun. It should be positive for gold prices.After the real GDP declined in the first two quarters of...

Gold's meltdown to June 2020 lows is excessive To prevent further hemorrhaging, needs to turn some resistance to support Short-term bearish trend can turn bullish if $1,750-$1,760 is...

Oil prices dropped on Thursday morning US avoids potentially disastrous rail strike Department of Energy denies plans to refill the strategic petroleum reserve Oil prices fell on Thursday morning...

The G7 appears to be intent on implementing its price cap plan Strong chance that the price cap would send oil prices soaring Russian oil will have to sail on non-Western tankers if it is to avoid...

Gold is trading below the key support that has held since March of 2021. The issue here is that gold has not gone higher, despite the market being very bullish gold (and calling for higher prices) for...

Crude prices got knocked again as demand fears intensified after a wrath of economic data showed the U.S. economy is slowing down. ​Oil fundamentals are still mostly bearish as...

After the bearish progress, oil prices slipped slightly as worries about the global growth outlook overtook fears about the supply shortage.Macroeconomics On the macroeconomic view, the greenback...

Just yesterday, they said inflation was gone. The old man’s plan put an end to it. I walked out this morning and found they were wrong. Joe can’t remember what he said to do. I’ve...

Rising prices have hit consumers hard and disrupted balance sheets in corporate America.Even more interesting is that we have inflation while the US dollar is strengthening. Crazy times. In any event,...

Sentiment in the oil market remains fairly negative due to continued concerns over Chinese demandEnergy: China Demand DropDespite concerns over demand, the oil market is holding up relatively well. In...

Longtime readers of this column know that I do not put much faith in models or forecasts. Indeed, the more complicated the model and the longer term required by the prediction, the more inaccurate it...

US commercial oil inventories rose by 2.4M barrels last week following an increase of 8.8M earlier. This dynamic fits in with seasonal trends, with inventories starting to fill at some point in...