Commodities: Global   OPEC Surprised Oil Markets in early April as the cartel agreed to raise production by three times the amount expected beginning in May, increasing output by 411,000 barrels per day (bpd) instead of only 135,000 expected.  That plus the Trump tariffs knocked oil prices down by 6%…

Tariff Terror   The Long-Dreaded Trump Tariffs unfolded at the beginning of April with rates that were in addition to current levels, making China’s over 50%.  Of course we have to remember that these taxes assessed at the factory value, not at retail, so the impact is on the cost…

During the month of March, Metals (+9.99%) and Livestock (+4.72%) were the top performers. The bottom performers were Crypto (-10.46%) and Indices (-6.22%). The bullish performance in Metals (+9.99%) was led by Copper (+11.19%).  The bearish performance in Indices (-6.22%) was led by the Nasdaq (-8.07%). The next FOMC meeting…

Commodities: Global   OPEC Oil Output Rose in February, a Reuters survey found, as Iranian exports held strong, despite renewed U.S. attempts to curb the flows, and Nigeria boosted output above its target within the wider OPEC+ group.  OPEC pumped 26.7 million barrels per day (mbpd) last month, up 170,000…