During the month of October, Energy (+6.44%) and Metals (+5.02%) were the top performers. The bottom performers were Softs (-8.68%) and Livestock (-8.06%). The bullish performance in Energy (+6.44%) was led by Natural Gas (+24.86%) and Heating Oil (+4.23%). Gold reached an all time high of over $4,381 an ounce…

During the month of September, Metals (+13.02%) and Indices (+3.98%) were the top performers. The bottom performers were Grains (-4.34%) and Softs (-0.65%). The bullish performance in Metals (+13.02%) was led by Platinum (+17.94%) and Silver (+15.22%). Livestock (-0.16%) ended its long run of six consecutive months of growth.  The…

Commodities: Global   Expanded OPEC Production continued to weigh on energy markets as the cartel increased production quotas for the sixth time this year at their early September meeting.  OPEC agreed to raise oil production by 137,000 barrels per day (bpd) for October, particularly as concerns mounted over potential supply…

Russia-Ukraine War   Ukraine Pummeled Russian Oil Refineries and airbases, forcing Putin to halt gasoline exports as local gasoline prices hit a record high.  While modern armored vehicles use benzene or similar formulations, the logistical efforts and the rest of the economy run on petrol.  Further drone strikes on Russia’s…