Gas Guzzlers Are Back!
A note via RBC: “Total new US auto sales were evenly split between cars relative to trucks and SUVs in the five-year period leading up to 2015, but the latter category now makes up about 60% of total new … Continued
Strong U.S. Crude Oil/Gasoline Demand as Crude Approaches $50
The following two charts help to explain the seemingly relentless bid in crude oil: We are well above average in terms of demand for both gasoline and crude oil for this time in the year. Moreover demand usually does … Continued
Daily Commodity Chart Wrap
Daily Commodity Chart Wrap 3/9/2015: Copper Marginal Cost Percentiles The 90th percentile cost of producing copper is currently roughly $2.25/lb, it’s interesting that this level also coincides with the 200-month moving average (the same moving average where copper found … Continued