 |
WTI Crude •10 mins | 52.65 | -0.12 | -0.23% |
|
Brent Crude •10 mins | 55.76 | -0.12 | -0.21% |
 |
Natural Gas •11 mins | 2.683 | +0.081 | +3.11% |
|
Mars US •8 hours | 53.57 | +0.55 | +1.04% |
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Opec Basket •4 days | 54.69 | -0.45 | -0.82% |
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Urals •34 days | 42.22 | +0.00 | +0.00% |
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Louisiana Light •4 days | 54.28 | -0.62 | -1.13% |
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Marine •1 day | 55.22 | +0.09 | +0.16% |
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Murban •1 day | 55.63 | +0.06 | +0.11% |
|
Iran Heavy •1 day | 51.30 | -0.28 | -0.54% |
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Basra Light •1 day | 57.23 | +0.19 | +0.33% |
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Saharan Blend •1 day | 54.66 | -0.21 | -0.38% |
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Bonny Light •1 day | 54.72 | +0.00 | +0.00% |
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Canadian Crude Index •5 days | 40.08 | +0.03 | +0.07% |
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Western Canadian Select •2 hours | 39.02 | +0.50 | +1.30% |
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Canadian Condensate •2 hours | 51.77 | +0.50 | +0.98% |
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Premium Synthetic •2 hours | 53.17 | +0.50 | +0.95% |
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Sweet Crude •2 hours | 47.77 | +0.50 | +1.06% |
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Peace Sour •2 hours | 46.52 | +0.50 | +1.09% |
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Louisiana Light •4 days | 54.28 | -0.62 | -1.13% |
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Domestic Swt. @ Cushing •1 day | 49.25 | +0.50 | +1.03% |
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Giddings •1 day | 43.00 | +0.50 | +1.18% |
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ANS West Coast •5 days | 56.04 | -0.28 | -0.50% |
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West Texas Sour •1 day | 46.72 | +0.50 | +1.08% |
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Eagle Ford •1 day | 50.67 | +0.50 | +1.00% |
The World’s Most Controversial Pipeline Project Enters Its Final Phase
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The Countries Set To Win Big On The Lithium Boom
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Metals / Commodities
Grains See the Light at the End of the Tunnel
I am a huge long term bull on the grains, but abandoned my trading call in January when the USDA published a spectacularly bullish forecast for most crops for 2010.…
Coffee Perks Up
Coffee prices rocketed to a seven month high last week after the International Coffee Organization published a report predicting a serious decline in global supplies this year. Exports from Vietnam…
Fears of Rare Earth Shortages Rise
Fears that Chinese hoarding of rare earths would lead to global shortages hit the market this week. The government has stopped issuing licenses for new exploration until mid 2011. It…
Will Iridium be the Best-Performing Commodity of 2010
Unless you're a chemist or paleontologist, you've quite possibly never heard of iridium. The metal is one of the "little brothers" amongst the platinum group elements. The United States used…
Commodity Investors Now Turning their Attention to Rhodium
When I was at the Hard Asset Investment Conference in New York a few weeks ago, every hour someone would stop by my table, mention the word "rhodium", and walk…
Here Come the Water Wars
Long time readers of this letter know well that I have been a big fan of the water play. The world is rapidly running out of fresh water, possibly within…
The race to Find a Platinum Replacement is on
Platinum – the joy of a jewelry designer – the bane of a catalyst user, and in the current economy its the most expensive element on earth. Platinum is the…
When Higher Metals Prices Aren't Good for Miners
A couple of interesting data points on costs in the mining industry. Cost containment is once again becoming a major issue for miners. TD Newcrest analyst Greg Barnes told a…
Follow the Platinum-Brick Road
Exciting couple of days on the market. With the Dow having its worst intra-day drop ever yesterday, most of the commodities got trashed. Over May 4 and 5, outstanding silver…
Australia’s Super Profits Tax on Resource Companies Leads to Immediate Fall-Out
Australia sent the major miners into a tailspin overnight. The Rudd government announced Sunday night that it will impose a new "resource super profits" tax on mining, oil and gas,…
The Coming Boom in Rare Earth Metals
Interest in Rare Earths is starting to heat up in a dramatic fashion, and it something you should keep on your radar. So named because they were hard to get…
What to Look For When Investing in an Exploration Company
Calling all mineral explorers. Australia needs your help. The Australian Institute of Geosciences (AIG) this week released a report noting that the Aussie exploration sector is suffering. AIG blames the…
Chile Introduces Sliding Royalty Scale on Copper Production
I wrote yesterday about the importance of tailoring royalties to fit the situation for different oil and gas plays. Today, there's news on an interesting riff on this idea. Tailoring…
ETF-izing the Market: Are Producers Getting the Wrong Signal?
Reports this morning that Russian aluminum giant Rusal is looking at launching an exchange-traded fund (ETF) back by physical aluminum. Rusal said the fund could initially be backed with up…
Chinese Base Metal Stockpiles are Reaching Epic Levels - How will this Affect Prices
A couple of interesting data points the last few weeks, on commodities oversupply. Last week CBI China reported that Chinese base metal stockpiles are reaching epic levels. CBI surveyed commercial…
Rio Tinto Case Indicates Chinese Leadership are Confident that Growth Will Continue
When four executives from Rio Tinto, the giant Anglo-Australian mining company, were arrested last July on charges of stealing commercial secrets, as well as taking and receiving bribes from Chinese…
Money Flows Into Platinum as Demand for Gold and Silver Drops
Gold investors have long-believed the mainstream is close at hand. One of the major arguments from gold bulls over the last ten years has been that bullion prices will rise…
A Wave of Steel
China is the key to the metals markets today. And there are some important signals about this market registering in the last few weeks. Last month, I wrote about…
Rogue Aluminium Shipments Suggest Chinese Metal Stockpiles are Being Re-Exported
This might be the year's most important news. Which got almost no press globally. Something strange happened in Japan in December. Shipments of aluminum from Mozambique and Brazil…
The Coming Copper Crisis and Price Forecasting - Is There a Better Way?
David Threlkeld of metals trading advisor Resolved Inc. got some press this week. That happens when you predict a catastrophe. Threlkeld was quoted by Bloomberg repeating an ominous prediction…
