OPEC Stuck to Production Increases for May and June, with another increase of 841,000 barrels per day (bpd) in July. Iran and the US/EU incrementally moved forward to a deal, though disagreement over nuclear enrichment after revelations that Iran already violated the current agreement by moving forward on increasing its…

During the month of May, the top 3 performing sectors were: livestock (+6.55%), energy (+4.02%), and metals (+3.36%). The bottom 3 sectors were: grains (-5.56%), interest rates (+0.39%) and the financial indices (+0.57%). Overall, markets were fairly green across the board. Investor sentiment remains strong as financial indices lock in…

COVID-19   Operation Warp Speed and the continued efforts under the new administration pushed another 12% of the US population to having received at least one dose to reach 45.3% with the UK at over 52%. Europe also moved higher from last month to reach 27%+ with one dose as…

OPEC Looked to Increase Production As Planned in May after producing an average of 25.3 million barrels a day (mbpd) last month, about 50,000 a day less than in March. Libya, which has managed to revive production since late last year following a truce in its internal conflict, suffered a…