Ex-AHL director Christopher Cruden's novel currency and gold-focused CTA strategy Insch Kintore has marked its fifth anniversary with a strong double-digit showing in the first six weeks of the year.
Commodities & Resources
The European Energy Exchange (EEX) has launched the “InsightCommodity” platform giving users the possibility to establish a comprehensive overview of available data products, services and providers around the energy and commodity markets of EEX Group.
Prices of palladium have now reached more than USD2,500 per ounce, in a sustained rally potentially indicative of a late stage bull cycle, analysts at Man Group said on Tuesday.
– Uncertainty still looms for commodities-focused strategies as Middle East tensions resurface –
The deadly missile strike against Iranian general Qassem Suleimani at Baghdad Airport on 3 January elevated oil prices amid immediate concerns over renewed conflict in the region. Brent Crude surged to more than USD70 a barrel following the attack, and prices stayed above USD68 early last week, before falling back to just under USD65 on Monday.
The oil price surge following the deadly US airstrike against Iranian general Qassem Suleimani is unlikely to be sustained, commodities-focused hedge fund managers have told Hedgeweek.
By Beatrice Bedeschi – The Initial Public Offering (IPO) of Saudi Arabia’s state oil company Saudi Aramco has seen a refocus on domestic investors after what was expected to be the largest IPO on history saw a reduction in valuation amid challenging market conditions.
By Beatrice Bedeschi – A month after the drone attacks on the Abqaiq and Khurais oil facilities, Saudi Arabia has surprised observers by being able to bring oil production capacity to nearly pre-attack levels, which has quickly stabilised oil prices after the spikes seen in the immediate aftermath of the incidents.
By Beatrice Bedeschi – A recent decision by the Chinese government to open up the oil and gas upstream sector to direct foreign investments is likely to rekindle interest by international energy companies. However, impact in the short term might be limited as the market awaits further policy changes providing more clarity on how the new rules will work in practice, according to Industry experts and analysts.
The Commodity Futures Trading Commission (CFTC) has issued an Order filing and simultaneously settling charges against Respondent, Eagle Market Makers, Inc. (Eagle), an Illinois firm, for engaging in wash sales and noncompetitive transactions which were traded on the Chicago Board of Trade (CBOT) and the Chicago Mercantile Exchange (collectively, CME).
By Beatrice Bedeschi – Oil production has the potential to contribute to curbing carbon emissions thanks to a new technique that involves capturing CO2 directly from the air and storing it underground as part of oil upstream processes, according to industry experts.