Delta Exchange seems to be using a new approach to attracting traders, and this time, it appears to be specifically targeting gold bugs. In the new move, the exchange announced the launch of Tether Gold (XAUt) Perpetual Contracts, accompanied by 20x leverage, against USDT. The new trading product will let traders hedge against the market risk, simply by letting them buy Tether Gold futures with leverage. The futures themselves are quite new on th...

The Minister of Finance of the Russian Federation, Anton Siluanov, said yesterday that the country’s budget deficit could go as high as 0.9% of gross domestic product (GDP) in 2020 on current oil prices. Russia’s economy saw major harm due to the declining global oil prices, as well as the outbreak of the coronavirus. Siluanov said the epidemic caused more damage to the country’s economy as it made difficulties in transportation, trade, and touri...

Saudi oil giant Aramco said it plans to slash its capital spending budget amid low oil prices. The company missed market’s expectations for profit in its first earnings announcement since going public last year. Fundamental analysis: Profit plunges Aramco announced a net profit of $88.2 billion in 2019, down from $111.1 billion in 2018, and lower than $92.6 billion expected by market analysts. As expected, the company blamed the low oil prices fo...

Crude oil prices failed to stage a more significant recovery despite comments from President Donald Trump that the U.S. plans to buy large amounts of crude for its reserves. Fundamental analysis: “Fill it right up to the top” says Trump Oil prices continued to move lower this week on the back of the coronavirus outbreak that is going to hurt the global economy more than anticipated, along with the price war between Saudi Arabia and Russia. After...

You may remember the controversy that was provoked a couple of years ago, when scientists apparently predicted that the world would run out of chocolate in 30 years’ time. This was said to be because rising temperatures in cocoa-growing areas was threatening the cocoa plants. It turns out that this story wasn’t exactly true. However, it highlighted the relatively fragile nature of this plant. Could global warming be a reason to invest...

Rice is one of the most important and widely consumed foods on the planet. It is a staple food item in numerous countries across the world, particularly in Asia, Latin America, and Africa. As an investment commodity, rice is highly volatile. This is due to the number of factors that influence the price, with the weather being among the most important of them. Bearing all of that in mind, what are the chances of the price of rice in the market ris...

The price of oil crashed Monday by nearly 25% to settle at $31.13 a barrel and this poses a problem for American oil companies, according to Again Capital founding partner John Kilduff. Below $50 A Barrel Again Capital is an alternative investment firm with a specialized focus on listed energy derivatives and core energy plays. On Monday the fund’s Kilduff was a guest on CNBC’s “Squawk Box” segment and said many American o...

Shares of BP (LON:BP) gapped 28% lower this morning in London on the biggest oil price crisis witnessed in recent years. The price opened at 282.05p, the lowest stock traded since 1999. Fundamental analysis: Oil prices collapse on coronavirus fears, Saudi Arabia – Russia price war The collapse in the BP stock price comes as no surprise given that the crude oil prices printed levels below the $28 mark to hit a new 4-year low. As a result, sh...

OPEC had a pact with Russia that demanded restriction over the oil supply. On Friday, the pact fell apart and fueled a downward rally in Saudi Aramco’s shares. On Sunday, the Saudi state oil company was reported trading below the IPO (initial public offering) price of 32 riyals. The Tadawul All Share Index (TASI), on the other hand, recorded a 7.4% decline. The downward rally continued aggressively on Monday extending the drop to 10%. At th...

Crude oil prices hit the lowest levels since August 2016 this week, after talks on deeper production cuts between OPEC and its allies finished without an agreement. On Friday, the price action closed nearly 10% lower to record one of the worst-performing days recently. OPEC+ talks collapse Investors were closely monitoring developments from Vienna last Friday, where OPEC+ – consisting of OPEC countries and its allies – met to discuss...

The price of ethanol is currently at $1.24 per gallon, at the time of writing.  This is definitely on the low side, although recent days have seen the price rising. Could this month be the start of a strong recovery on the market?   The Price History Ethanol is a volatile commodity whose price can swing massively in a short period of time. It has suffered a poor few years with consistently low prices. In fact, the price was just showing...

Corn is a commodity whose price is affected by a number of factors. If you are thinking of diversifying your investment portfolio then this is certainly an interesting option in 2020. The following are some of the reasons why this investing in corn could be a good move this year. The Rise in Ethanol Production Ethanol production uses a lot of corn, although some producers use sugarcane instead. We can see that in 2012, the price of corn reached r...

Crude oil prices trade nearly 8% lower today on the reports that OPEC+ have been unable to reach an agreement to cut production in order to cope with the coronavirus outbreak. Today’s low of $42.34 marks the lowest crude has traded since June 2017. Fundamental analysis: OPEC+ talks on the brink of collapse The meeting between OPEC and its allies – known as OPEC+ – is reportedly on the brink of collapse after a five-hour meeting today...

The case for divesting big oil companies in favor of green technologies met resistance after notable hedge fund ValueAct made the case for BP, noting the global oil giant can be “part of the solution,” according to CNBC. ValueAct is a San Francisco-based hedge fund with more than $15 billion in assets under management. One of the products in the fund is called the ValueAct Spring Fund which was formed in 2018. The purpose of the fund...

Mexico’s business sector has prepared a wide range of energy investments for the government, worth nearly $92 billion, as part of the plan to help the country’s declining economy to recover. According to the document examined by Reuters, over the 2020-2024 period Mexico will be working on 275 projects. The projects will cover power generation, storage, transportation, and natural gas production. The package, worth around 1.787 trillion pesos ($91...

Despite numerous efforts by President Donald Trump’s administration, the US farmers continue being hit by the escalating panic over Coronavirus. The killer virus has to date claimed thousands of lives globally, while interrupting business operations in one of the world’s largest economy, China. But the Asian nation isn’t the only severely affected country; the US, which has of today reported eleven deaths resulting from COVID-19...

The lower global prices for oil and gas have recently pushed Chevron Corp into strategizing for reducing expenditures. As part of the program, the American multinational energy corporation is opting for job cuts and offered buyouts to its U.S workforce for oil exploration and its production on Monday. Second only to Exxon Mobil in the league of U.S oil manufacturers, Chevron evaluated its options after assessing operations towards the end of 2019...

Ben Dell is the founder and managing partner of Kimmeridge Energy Management, a private equity firm that focuses exclusively on the energy sector. When asked by Bloomberg’s Alix Steel how bad most of the energy sector has become amid falling oil prices, his answer can be summarized in one word: “uninvestable.” Lost Decade The energy sector has suffered from a “lost decade” as oil prices peaked north of $130 in the ea...

Sugar is such an everyday item that you might never have thought of it as a commodity that you could invest in. Yet, it offers an interesting way of diversifying your investments by choosing something that isn’t directly linked to many other financial instruments or factors. The Basics of the Price of Sugar As is typically the case with commodities, it is supply and demand that mainly drives the price of sugar. This leads to a highly volati...

You might be surprised to learn that zinc is the fourth most used metal in the world. It is part of a huge global market that is worth around $35 billion annually. This is an incredibly useful metal that is used in a wide variety of products as well as in the construction industry. Is it worth investing in this commodity this month? The Price History The highest-ever price of zinc was reached in 2008, when it climbed to above $2 per pound. It has...

Teck Resources Ltd, a leading name in the league of Canadian miners, had previously applied to build its Frontier oil sands mine located in Alberta worth C$20.6 billion. In its announcement on Sunday, however, Teck declared its application to have been withdrawn. The federal government was scheduled to release its verdict regarding the project that was broadly criticized by indigenous groups including environmentalists in a few days.Teck To Write...

For the second day in a row, gold prices hit a new 7-year high of $1,619 on increasing demand for precious metals. The price action is now approaching the first short-term target for the bulls at $1,626. City analysts believe that this move has legs as they predict a trip towards $2,000 . Fundamental analysis: Increased worries about the global economic impact of the coronavirus It appears that negative headlines and consequences from the coronav...

Cotton has long been seen as a good commodity investment. Despite there being more types of material than ever before, this is still one of the most common raw materials for making clothes and other products.   The History of Cotton Prices The price of cotton is affected by a number of factors. The following are some of the main ones that you need to know about. Stockpiling of the material by countries. For instance, the trend for China to s...

Coffee has become a hugely popular drink across the planet in the last few years. The success of chains like Starbucks and Costa Coffee has led to demand for coffee going through the roof. It is estimated that more than 2.25 billion cups of this drink are consumed every day. Therefore, it is worth considering whether to stimulate your portfolio by pouring some of your money into coffee this month. Trading Coffee as a Commodity There are different...

Gas prices have dropped significantly in recent days. This makes it a good time to look into this commodity and see what it might offer investors. To do this, we need to consider all of the factors that affect its price. Current Gas Prices At the start of February 2020, the price of gas dropped to a four-year low. Natural-gas futures have been hovering around $1.80. This price is based on a million British thermal units This downward movement has...