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Energy and commodity companies are largely paid in U.S. dollars. Portfolios that focus on inflationary growth sectors are benefiting from high prices for copper, crude oil, natural gas, fertilizer, lithium, and other higher commodity prices. The median new home sales price is now ...
The war in Ukraine will likely pour more gasoline on the already raging inflationary fire, threatening to send the global economy into stagflation. Stagflation is a slowdown of economic activity caused by inflation. Over the last 20-plus years, every time the economy stumbled, Uncle F...
EU members have finally agreed on a watered-down ban on Russian oil and refined product imports. The move is still relatively supportive for the market, given the ban covers the bulk of Russian oil flows to the EU. A gradual ban on Russian oil means that the strength in the market...
Fresh supply concerns in world energy markets sent WTI crude futures (CL1:COM) up 4% to over $119 per barrel for the first time in March, when sanctions began to target Russia for its invasion of Ukraine. Brent crude (CO1:COM) already touched the new symbolic $120 level on Monday, while ...
Brent crude (CO1:COM) is back at $120 a barrel for the first time since March, while WTI oil contracts (CL1:COM) climbed 1% to $116/bbl, as futures embark on an eighth straight day of gains amid an undersupplied market. The average cost of a gallon of gasoline in the U.S. also broke...
Investment assets can be classified into those with an inherent vs fiat money return. Both are valued according to a common principle linked to real GDP growth described herein. In addition to showing how these assets are valued, this post discusses investment implications given s...
Active drilling rigs in the U.S. fell by 1 to 727, snapping nine consecutive weekly gains, Baker Hughes reported Friday in its latest survey. Drilling rigs targeting crude oil fell by 2 to 574, while gas rigs gained 1 to 151 and two rigs were classified as miscellaneous. Rigs targeting crude ...
The MENA region, driven by large GCC oil exporters, is set to benefit from noticeably higher near-term oil and gas prices due to the Russia-Ukraine war and the implications of sanctions on Russia for global energy markets, with oil-exporting countries' governments likely to spend more to ...
GOM gas production peaked in 1997 at 14.4 bcf/day and has been declining ever since. The Greater Perdido fold belt area in Alaminos will become a Tier 2 sweet spot. BOEM’s Undiscovered Technically Recoverable Resources from their 2021 update for the entire GOM is 29.6 Bbo. ...
Central banks are facing a growth-inflation trade-off. Hiking interest rates too much risks triggering a recession, while not tightening enough risks causing runaway inflation. The Fed has made it clear it is ready to dampen growth. Implication: We are neutral developed market (DM) equiti...
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Barclays Bank PLC ZC SP ETN REDEEM 18/04/2041 USD 50 - 06740P221 Company Name:
OLEM Stock Symbol:
NYSE Market:
Barclays Bank PLC (“Barclays”) announced today that it plans to change the ticker for its iPath ® Pure Beta Crude Oil ETNs (the “ETNs”) which are currently listed on the New York Stock Exchange under the ticker symbol “OLEM”. The current and...
Barclays Bank PLC (“Barclays” or the “Issuer”) announced a temporary reduction of the minimum early redemption size of certain series of ETNs as specified in the table below (together, the “ETNs”). Currently holders of the ETNs are required to redeem...