15 Aug 2024
BREAKING: US crude oil production has officially hit a record 13.4 million barrels per day.
Daily oil production has increased by 22% over the last 4 years. Since 2008, production has skyrocketed 350% from ~3.8 million barrels per day. The US is now the world’s largest oil producer exceeding Russia's output by ~35% and Saudi Arabia by ~38%. The US is dominating global oil production. Source: The Kobeissi Letter, The Daily Shot
13 Aug 2024
Copper Inventories have jumped to the highest level in more than 4 years signaling weak demand in Asia!
Source: Bloomberg, Barchart
9 Aug 2024
US crudeoil production hit a record high.
Source: The Daily Shot
26 Jul 2024
'It is a misconception that commodities fall in a recession - on average they rally through one.'
Source: Bloomberg
26 Jul 2024
China commodity stockpiles
Source: Robert Friedland on X, The Economist
16 Jul 2024
🚨 GOLD HITS $2,453 - A NEW ALL TIME HIGH 🔥
🔉 Just as Powell signals rates cuts before inflation comes down to 2%... Source: Bloomberg
16 Jul 2024
Copper's $5 level reminds of the gold's critical $2,000 mark
nce gold breached that resistance, it kept moving with authority. Are we setting the stage for a similar move in copper? Source: Tavi Costa, Bloomberg
28 Jun 2024
1.285 million barrels of oil were added to the Strategic Petroleum Reserve last week, the largest addition since June 2020
Source: Barchart
