commodity

Commodity Performance Report

With eight months of trade now in the books, we review our list of 48 commodities today and their performance since New Year’s. Surging energy prices continue to have heating oil, gasoline and crude oil remaining numbers one, two and three on the list, but a strong July and even stronger August certainly helping the grain trade move into positive …

oil

Updates on Oil Imports

We may not be getting the full story on the amount of oil passing through the Strait of Hormuz. Reuters and other wire services now report that more oil could be making its way on dark ships. Those are smaller ships, transponders turned off to make detection much more difficult, and then meeting up with larger tankers waiting on the …

Petroleum Reserve

Petroleum Reserve Lowest in Years

The Strategic Petroleum Reserve was established in 1975 to protect the U.S. from oil supply disruptions. The current supply in the reserve is the lowest in over 40 years. Strategic Petroleum Reserve fell another 5 million barrels last week. This is the 17th week in a row of a weekly drawdown, and it leaves total reserves at just 311 million …