Dr. Ken Rietz September 20, 2023 For many years now, the price of gasoline in the US has been lower than the price of diesel fuel, but that hasn’t always been the case. They were reversed consistently for a decade ending in September of 2004. But EIA projections show the price of diesel fuel now …
September 19, 2023 Better than expected Current Marketing Year (CMY) net sales aid main agriculture futures to sustain levels after Russian oversupply. Wheat Weekly Wheat CMY net sales retrieved, but global outlook is bearish Wheat futures, settled in September, traded -13.2% lower in an active month.December contracts started strong, surpassing the $6/bushel benchmark, amid stronger …
Dr. Ken Rietz September 13, 2023 The natural gas space has been something of a circus lately, with a number of different forces pulling prices in different directions. Accordingly, the prices have jumped up and down more than usual. This commentary will look at three of those factors. First, let’s look at the recent prices …
September 12, 2023 Crude oil, gasoline, and natural gas futures have shown increasing volatility during the first eight months of 2023. Crude Oil Crude oil inventories signal bullish economy but external fears are still at play WTI crude oil futures soared +2.3% on a weekly basis for the week ending Sep 8th, supported by the …
Dr. Ken Rietz September 7, 2023 Last Friday, the price of crude oil jumped to a multi-month high. Futures markets were closed early on Monday for a US holiday, but oil resumed its climb Tuesday and Wednesday, breaking above $90 per barrel, a price not seen since November 2022. As always, multiple factors played into …
September 5, 2023 The decreased number of means of drilling may affect EIA projections for the average crude oil output of current year, leading to additional energy disruptions. Crude Oil Oil Rig count has decreased from the start of 2023, while WTI prices have experienced increased volatility U.S. energy firms have significantly cut the number …
Dropping US Oil Rig Count Hinders Crude Oil Production Leer más »
Dr. Ken Rietz August 30, 2023 The September NYMEX Natural Gas Futures contract closed at 1% higher on Thursday, October 24. That is completely unremarkable, within a typical day’s range. But natural gas storage numbers had been released the day before, and were higher than the previous numbers, so you would expect that the contract …
Dr. Ken Rietz August 23, 2023 Copper, left outside, develops a greenish coat, called verdigris, from the old French for ‘green of Greece’. But that isn’t the sense I mean for ‘green’ here. Green can also refer to lush and verdant vegetation, as in the title of Richard Llewellyn’s book How Green Was My Valley …
August 29, 2023 Net non-commercial positions could prove to be a useful indicator for main agriculture futures in the long term. Wheat Speculator funds decrease after YTD high Net non-commercial positions fell for a 4th consecutive week per data reported on August 22nd. CFTC reported that net non-commercial positions expanded to -53,977 short, close to …
August 22, 2023 Crude oil, natural gas, and gasoline inventory levels are significantly impacting the underlying futures. Crude Oil Crude oil inventory hits current-year low Crude Oil stocks lowered last week to a yearly low of 439.6 million barrels, according to EIA data for the week ending Aug. 11, 2023. The weekly change of -5.9m …