Crude oil collapses on May 23.Inventory builds from the API and EIA weighed on the price of the energy commodity.The Brent-WTI remains near the highs for Brent.The Middle East means the upside remains explosive, but the prospects for a prolonged trade war is pushing the price lower.UCO and SCO for...
One market expert warns these 3 ‘black swan’ events could combine with the trade war to cause the next big stock crash
President Donald Trump’s ongoing trade war with China has reintroduced volatility to the stock market. Some experts say this leaves equities particularly exposed to an external shock.Vincent Deluard, a macro strategist at INTL FCStone, lays out the three “black swan” events he thinks are most likely to strike suddenly and...
Natural Gas Forwards Edge Higher as Production Cuts Deepen
With Lower 48 natural gas production well off recent highs, forward prices continued to strengthen May 2-8 despite the absence of any early-summer heat to drive demand. Gains were small, however, as temporary pipeline maintenance was to blame for a significant chunk of the supply cuts. Source: Natural Gas Forwards...
Oil Caught Between Two Forces
Oil was caught between the specter of a full-blown U.S.-China trade war damping demand and a supply backdrop ripe with potential risks. Source: Oil Caught Between Two Forces