After a strong round of profit-taking selling , the oil complex is starting the New Year in negative territory once again. Heading into 2014, the oil complex will continue to focus on the ongoing geopolitical issues.
The Oct. 18 fire at the Santos Port terminal in Brazil turned out to be a one-day event. A combination of other ports picking up some of the slack and a well-supplied world market has allowed sugar prices to fall back to the lows.
Gold, iron ore, soybeans and copper will probably drop at least 15% next year as commodities face increased downside risks even as economic growth in the U.S. accelerates, according to Goldman Sachs Group Inc.
Shale production continues to rock the global oil market and is making our target of $88 a barrel looking more likely any day. Since crossing $100 a barrel, which I equated to crossing the Rubicon, oil had has its biggest monthly drop of the year.
Money Talks Michael Campbell interviews Josef Schachter, Canada's leading independent energy analyst and founder of Schachter Asset Management, on OPEC's fate as the U.S. marches toward energy independence.
German Chancellor Angela Merkel faces one task above all others when she returns to her desk on the seventh floor of the Chancellery: fixing the biggest shift to clean energy of any developed country in history.