RECENT Commodity ETFs RESEARCH
Last week, natural gas spot prices traded lower, finishing at $4.33 per MMBtu compared to $4.28 per MMBtu the previous week.
On March 19, the DOE reported the inventories data for crude for the week ended March 14. Crude oil inventories increased by 5.85 million barrels.
Severe cold weather over this winter has affected natural gas prices, which should be beneficial for natural gas producers such as Chesapeake Energy.
On Friday, WTI crude oil prices finished at $102.58 per barrel, compared to $102.59 per barrel the week prior. Crude prices were volatile during the week.
On February 27, 2014, the EIA reported that natural gas inventories decreased by 95 bcf (billions of cubic feet) for the week ended February 21, bringing current inventories to 1,348 bcf.
Last week, the price of a representative barrel of natural gas liquids decreased from $50.57 per barrel to $48.37 per barrel, a 4.5% decrease on the week.
On February 20, the DOE reported the inventories data for crude for the week ended by February 14. Crude oil inventories increased by 0.97 million barrels.
Natural gas prices are especially affected during the winter. Cold weather has been a major factor in the natural gas price rally over the past few weeks.
Natural gas prices fell last week, mostly on forecasts of incoming milder weather. The front month contract for natural gas closed at $4.78 per MMBtu.
Weather so far this winter has been colder than normal. This is a positive catalyst for propane distributors’ earnings.
Other precious metals are often consumed in industrial processes, and yearly quantity supplied can be outstripped by the quantity demanded
There is often a debate among academics, financial gurus, asset managers, and advisors as to the place for non-traditional assets in a portfolio.
Precious metals had another down week, with the SPDR Gold Shares ETF (GLD) falling 3% to close below $120.
As automobile demand has recovered much faster in the US than in the EU, palladium demand has surged, outstripping supply in 2012 and likely again in 2013.
It made sense to hold gold when real interest rates were negative, but it doesn’t make sense when equities around the world are roaring and rates are rising.
Investors interested in higher upside can get a similar diversification benefit by investing in silver as they can in gold.