EIA Inventory Reports

Each Wednesday the Energy Information Administration (EIA), a branch of the Department of Energy (DOE) releases inventory reports outlining activity in the energy sector at 10:30 AM EST. The reports summarize weekly energy supplies and consumer consumption rates. The EIA petroleum inventory reports influence the price of crude oil and the energy market as a … Read more

Reuters/Jefferies CRB Index

Originally constructed in 1957, the Reuters/Jefferies CRB Index is the oldest commodity index and the most widely used measure of the strength of the global commodities market. As of 2005 the Reuters/Jefferies CRB Index tracks 19 commodities. The components of the index are: Aluminum, Cocoa, Coffee, Copper, Corn, Cotton, Crude Oil, Gold, Heating Oil, Lean … Read more

The Relationship between Commodities and Forex

Gold and oil in particular have an important relationship with the forex market, and can be used as leading indicators in forex trading. Four major currencies are considered to be the closest tied to commodity prices – the Australian Dollar, the Canadian Dollar, the New Zealand Dollar and the Swiss Franc. Gold and it’s relationship … Read more

NYMEX Light Sweet Crude Oil Futures

Crude oil is the most actively traded commodity in the world – and the NYMEX contract for light sweet crude is the most liquid of all crude oil contracts. Each crude oil contract represents 1,000 barrels. The e-mini contract represents 500 barrels and trades on the CME Globex electronic platform, but is cleared at the … Read more

The Hunt Brothers

Nelson Bunker and William Herbert Hunt were the heirs of oil tycoon H.L. Hunt. The family was one of the richest in America at the time. In the early 1970’s the family decided to buy silver as a hedge against inflation, and amassed it in great quantity. In the fall of 1979, the Hunt Brothers, … Read more