Jim Colburn

Feb/June WTI spread moved over the zero level yesterday into backwardation... A million barrel cut in oil production by Saudi Arabia will do that! 

John Kemp, Reuters, adds a couple of interesting charts to his always excellent recap of fund activity in oil markets, here...

From the CME, here are the one month calendar spreads that traded yesterday... The actual spreads didn’t move much...

Kirk Maltais, Wall Street Journal, writes about cotton, here... “Cotton prices have risen to their highest level in nearly two years thanks to dry

After a most volatile year in crude oil, implied volatility for WTI settled at 34.6 on 12/31/2020...  The long term average going back to the

Jill Mislinski, Advisor Perspectives, tracks vehicle miles traveled using DOT data (through October):

From the EIA’s This Week in Petroleum here is a look at stock levels and days supply (stocks/daily demand) for crude, distillates and gasoline...

From the CME’s excellent cross-asset correlation tool, we can get a look at what Bitcoin is moving with... +.30’s with gold, silver, S&P, Euro,