crude oil

Here are the commodity trading companies driving trading prices and production. Futures Magazine publishes the ultimate list of top global commodity trading companies.
Crude Oil futures has been awaiting a moment to ignore bloating U.S supplies, growing U.S production and slimming demand. Yesterday was that day. Crude roared higher along with risk assets in a central bank induced frenzy.

It is very likely that the price of oil may have put in its low for the year.

Global equity benchmarks are ripping back this morning as trade tensions have found a way into the back seat of investors’ minds. In fact, the small-cap and domestically focused Russell 2000 notched a record high on Monday, matched it yesterday and extended such gains in today’s session.

The ongoing speculation online about the future of cooperation between Russia and OPEC seems to be a little one-sided.

Many economists and mathematicians will remind you that deficits matter. Though I am not talking about budget deficits or trade deficits right now, but the global oil market supply and demand deficit.
Major U.S. benchmarks are holding ground near unchanged this morning. Price action has peeled back just a bit from the overnight highs in a quiet trade.
Investors may decide to embrace a cautious approach by evading riskier assets ahead of the 44th G7 summit that is due to take place on Friday.
U.S. equities kicked off the trading week with two indices, the Nasdaq Composite and the Russell 2000, hitting new record highs.

Crude oil prices have fallen again today, with both contracts extending their losses for the fourth consecutive session.