During the month of June, Energy (+4.24%) and the S&P 500 Index (+3.47%) were the top performers. The bottom performers were Grains (-9.55%) and Crypto (-7.81%). The increase in the Energy (+4.24%) sector was led by bullish performances in Heating Oil (+6.97%) and Light Sweet Crude (+6.16%). The positive performance…

Commodities: Global   OPEC Oil Output Increased 60,000 barrels per day (bpd) to average just under 27 million bpd (mbpd) during May, according to a Bloomberg survey.  Iraqi production increased slightly to 4.2 mbpd, failing to either adhere to its agreed limit or making extra “compensation” cuts to make up…

Ukraine-Russia War: Russian Problems & Reactions   The Ukraine-Russia Conflict continued with grinding incremental territorial losses by Ukraine in the east.  However, in the North, Ukraine seized the initiative both tactically and strategically.  Territorially, Ukraine had not recaptured yet all the small Russian gains there but gained on a number…

During the month of May, Crypto (+17.96%) and Metals (+4.94%) were the top performers. The only negative performance was the S&P GSCI (-2.20%). The Energy (+1.94%) sector increased last month, led by a large bullish performance in Natural Gas (+29.93%). The positive performance in Metals (+4.94%) was led by COMEX…