The UBS ETRACS Crude Oil Covered Call ETN (USOI) yields 21.08% by writing covered calls on United States Oil Fund (USO) positions, but this strategy limits upside gains during volatile oil markets; UBS has taken on greater credit risk after acquiring Credit Suisse, expanding its balance sheet to $1.7 trillion, almost double Switzerland’s GDP. Oil…
Oil futures have traded in the $90 to $100 per barrel range this week. But in the physical market – where refiners and traders buy real cargoes rather than paper contracts – prices have been dramatically higher, underscoring how tight real-world supply conditions still are despite the pullback in futures prices. In Sri Lanka, buyers…
By Jarrett Renshaw HOUSTON, March 26 (Reuters) – U.S. officials said this week that the historic surge in fuel prices during the war in Iran will be short-term and touted record U.S. production at an industry conference where oil executives and government officials from Asia, the Middle East and Europe lamented the worst disruption to…
Gasoline prices rose closer to the $4 threshold on Friday as oil futures rose amid an escalation in the Middle East conflict. The national average at the pump rose above $3.91 per gallon to hit its highest level since 2022, according to AAA data. Prices have increased steadily over the past few weeks, rising $0.98…
Soybean oil futures (ZLK26) present a selling opportunity amid further price weakness. See on the daily bar chart of May soybean oil futures that prices have pulled back quite a bit from this week’s contract high, including producing a technically bearish buying “exhaustion tail,” whereby bulls ran out of gas at higher price levels. That…
(Bloomberg)– Oil markets are headed for even greater chaos on Monday as the war in Iran unleashes unprecedented disruption: Major producers are curbing production as storage fills and the most important waterway for global energy markets remains virtually closed. Bloomberg’s Most Read The United Arab Emirates and Kuwait have already begun to reduce oil production…
There were double-digit percentage gains in silver and natural gas. Cocoa, frozen concentrated orange juice, Bitcoin and Ethereum fell more than 10% in November. Silver futures posted a 17.25% gain in November, while the other three precious metals rose. The daily chart of COMEX silver futures for March 2026 delivery highlights the explosive gain on…
Soybeans rose 5 to 7 cents in the early months on Wednesday as bulls were busy buying ahead of the holidays. cmdtyView’s national average Cash Bean price was 6 3/4 cents higher at $10.59 3/4. Soybean meal futures were mixed, with contracts at 50 cents unchanged, while soybean oil futures rose between 32 and 57…
In the last Market at closing live broadcast, viewer Richard asked a sharp question: “The ITB – the construction index – appears to be the first to fall, showing weakness in the overall economy. Is this just a setback or a sign of things to come?” John Rowland, CMT, did not hesitate to broaden the…
