The Problem With Oil And Gas Price Caps

The Problem With Oil And Gas Price Caps

This week saw two documents published by two government departments: the European Commission in Brussels and the Department of Treasury in Washington. The Commission’s document was a proposal for “a new instrument” aimed at limiting excessive gas prices in Europe. The Treasury’s document was guidance on the implementation of a price cap policy towards crude … Read more

Suspected Drone Strike Blows Up Fuel Depot Deep In Russian Territory

Suspected Drone Strike Blows Up Fuel Depot Deep In Russian Territory

Though all eyes have been on the Polish border blast and the resulting back-and-forth on who was responsible, a separate major attack unfolded in southern Russia near the Ukraine border on Wednesday. Russian authorities described a suspected drone attack after a fuel depot exploded. It took place in Oryol oblast about 125 miles from the … Read more

Gold sees spike in prices on reports of Russian missiles crossing into Poland

Gold sees spike in prices on reports of Russian missiles crossing into Poland

(Kitco News) The gold market saw a temporary price spike after reports of Russian missiles hitting NATO member Poland and killing two people. After Ukraine recaptured Kherson from Russian forces and Ukrainian President Volodymyr Zelenskyy visited the area, Russia responded by bombarding Ukraine with missile strikes, hitting targets across the country and causing significant damage … Read more

The Best ETFs To Play Energy Markets Right Now

The Best ETFs To Play Energy Markets Right Now

While analysts are busy expounding on the impact on oil prices of America’s November 8 elections, China’s zero-COVID policy going forward, inflation and production and inventory numbers, exchange-traded funds (ETFs) are a great way to play high commodity prices amid a global energy crisis and a conflict in Europe. Most, but not all, ETFs are … Read more

Midterms are ‘seasonally bullish’ for markets; A Republican Congress would create beneficial ‘deadlock’ – Bill Baruch

Midterms are ‘seasonally bullish’ for markets;  A Republican Congress would create beneficial ‘deadlock’ – Bill Baruch

Tuesday’s midterm elections are likely to see a Republican victory, which would lead to beneficial “deadlock” on Capitol Hill, said Bill Baruch, President of Blue Line Futures. “If the Democrats win this election, and I don’t think they will… then there’s likely to be more spending, which could lead to higher yields,” he said. “I … Read more

Geopolitics worries JPMorgan’s CEO more than a recession

Geopolitics worries JPMorgan’s CEO more than a recession

(Kitco News) Recession in the US and Europe is very likely, but it’s not what worries JPMorgan Chase CEO Jamie Dimon and Goldman Sachs CEO David Solomon the most. The risk of a recession in the world’s biggest economy is rising as the Federal Reserve continues to tighten monetary policy — with the projected 75-basis-point … Read more

“The bill has come due”

“The bill has come due”

The ignominiously fast downfall of UK Prime Minister Liz Truss is a warning sign for the US and policymakers around the world: Deficits matter again. Why it matters: Investors who are selling bonds in order to register their disapproval of policy choices are calling the shots on Wall Street and in the global halls of … Read more

Biden Lays Out 3-Step Plan To Bring Oil Prices Down

Biden Lays Out 3-Step Plan To Bring Oil Prices Down

In a live speech at the White House on Wednesday, US President Joe Biden unveiled what he called three “critical” steps to ensure American energy security as Russia’s war with Ukraine rages on and OPEC+ prepares to cut production in November. Biden said the first critical step would see the Department of Energy (DoE) release … Read more

Oil Prices Are Set For A Big Move

Oil Prices Are Set For A Big Move

Energy Markets Escalating tensions between the United States and OPEC+, via Saudi Arabia, have triggered some short-term market swings for oil. But a more powerful market force is about to be unleashed – it’s just that analysts can’t seem to agree on which powerful force will be victorious. On the one hand, the looming recession … Read more

Oil Prices Under Pressure But Bullish Catalysts Loom

Oil Prices Under Pressure But Bullish Catalysts Loom

December WTI crude oil futures are edging higher late Thursday, but struggling to turn higher for the week. The price action has been volatile throughout the week especially today when traders were asked to deal with an aggressive Federal Reserve rate hike from the previous day, a wicked trade in the US Dollar due to … Read more