October 2023 Global Commodity Snapshot

Commodities: Global   OPEC Oil Output Rose again in October, reaching 27.9 million barrels per day (mbpd), as Angola and Nigeria increased production while Saudi Arabia and Russia reiterated their voluntary reductions though it became more apparent that Russia has not reached 100% of what they promised.  They have a…

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Global Economic Review: October 2023

Ukraine & Israel:  Attack / Counter-Attack   The Ukraine-Russia Conflict saw little progress by both sides as Ukraine inched forward in the south-east around Bakhmut and Russia inched forward in the north-east close to Kupyansk and Stelmakhinka.  There was some evidence that the Ukrainians are more aggressively using the longer-range…

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October 2023 Sector and Index Performance

During the month of October, Crypto (+18.57%) and Softs (+6.74%) were the top performers. The bottom performers were Livestock (-5.55%) and the S&P GSCI (-5.36%). October has traditionally been the most volatile month for markets, and this year was no different. As it starts to get colder, Natural Gas (+22.06%),…

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September 2023 Global Commodity Snapshot

Commodities: Global   Hamas’ Attack on Israel Popped Energy and precious metals as Middle East conflict came again to the fore.  Narrowing the lens to the commodities markets, the brutal incursion directly highlighted the security concerns surrounding the Mediterranean natural gas rigs jointly serviced by Israel and Egypt – threatening…

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