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Commodity Store with Sri Jegarajah

  • Physical demand for gold from Asian consumers may be showing some modest signs of stabilization but the buying interest so common at this time of year during religious festivals and the wedding season still won't be strong enough to lift prices above $1,800 an ounce, strategists said.

  • Hurricane Sandy may inflict a negative hit to demand for crude oil and fuel products as production at U.S. East Coast refineries comes to a standstill, reducing demand for the primary input.

  • The Energy Buzz: AOGC Ins & Outs Tuesday, 10 Jun 2008 | 2:12 AM ET

    There’s still a palpable sense of shock and awe here after last week’s unprecedented surge in global oil prices. The vast majority of executives at the Asia Oil & Gas Conference in Kuala Lumpur, Malaysia pointed the finger squarely at the speculators. Saber rattling between Israel and Iran didn’t help either, they said.

  • Asia's New Crude Reality Saturday, 7 Jun 2008 | 4:17 AM ET

    Crude oil prices are up a whopping 43% year-to-date, surging over 8% alone on Friday. This is the backdrop to the 13th Asia Oil and Gas Conference with oil executives gathering in Kuala Lumpur for the energy summit as a question mark hangs over the outlook for regional demand.

  • The Steady Rise of Oil Friday, 18 Apr 2008 | 3:38 AM ET
    Oil Barrels

    Crude oil futures have taken out so many records this year that you'd be forgiven for losing count. This week was no exception. New York crude futures breached the $115 a barrel level, with prices holding steady at $115 during the Asian session Friday.

  • Wild About Rice Wednesday, 9 Apr 2008 | 2:56 AM ET

    There's a silver lining in every dark cloud. And while rising food costs may be pinching our pockets, it also presents an opportunity to make money. We look at one of the best bets out there if you want to take a punt on the rice price boom.

  • March Madness Mania Monday, 24 Mar 2008 | 12:02 AM ET
    Traders buy and sell crude oil futures contracts at the New York Mercantile Exchange.

    Even the most seasoned commodity traders are looking back on this month's market action as nothing short of dramatic. Continued turmoil in the equity markets and falling confidence in the U.S. dollar sent investors scurrying into the relative safe haven of the commodities markets like droves of mad March hares.

  • Gastronomical Prices -- The Rising Cost of Food Wednesday, 5 Mar 2008 | 12:43 AM ET
    DISPOSABLE CHOPSTICKS

    If the words 'recession' and 'stagflation' hadn't added enough to the lexicon of economic doom and gloom in these days of woe, financial markets -- and more importantly the general public -- now have to contend with a new term: 'agflation'. That's agricultural price inflation to you and me.

  • Forging A Merger -- Or Not Wednesday, 20 Feb 2008 | 12:02 AM ET
    Rio Tinto

    The President of China's state-owned Chinalco remained remarkably cool under pressure during a Sydney press briefing earlier this month despite the figurative and literal glare of the media spotlight.

  • Crude Realities: Looking Down The Barrel Friday, 18 Jan 2008 | 2:35 AM ET
    Oil Barrels

    After much hesitation, drama and debate, the price of oil -- like an unwilling bride -- finally crossed the triple-digit threshold earlier this month. But what should have been a milestone in market history turned out to be something of an anti-climax.

  • Whither Thou Oil? Friday, 7 Dec 2007 | 2:45 AM ET

    His words move markets. With oil prices hovering close to $100 a barrel, markets and consumer nations alike were looking for Saudi oil minister Ali Al-Naimi to drop some hints about future production policy.

  • Oil Finishes Lower on Fresh US Mortgage Worries Monday, 5 Nov 2007 | 3:29 PM ET
    Oil Refinery

    Oil dropped Monday as the growing U.S. subprime mortgage crisis heightened concern over the economic health of the world's top energy consumer.

  • Oil Pipeline

    US crude oil futures ended at a record close of almost $96 on Friday as robust domestic jobs data reassured investors that the current credit crunch had not affected the wider economy.

  • $100 Oil? Friday, 2 Nov 2007 | 3:47 AM ET

    Crude oil futures breached the $96 level this past week.  Next stop $100?  That’s the talk dominating the market. And the key question is not if, but when, we get there. Oil is up almost 60 percent from a year ago and it’s jumped 19 percent in the past month. Given the blistering pace of oil’s appreciation, market watchers are not ruling out a triple-digit oil price by the end of the year, if not earlier.  So what's in store for the not so distant future?

  • Getting Down to Earth Amidst Soaring Oil Prices Friday, 14 Sep 2007 | 5:48 AM ET

    It’s been a busy week for us in the news industry.  Japan’s prime minister resigned and was promptly hospitalized; several big earthquakes hit Indonesia; Hurricane Humberto came out of nowhere, hitting the Texas-Louisiana coast with 85-mph winds; and the news highlighter for my little Commodity Store this week – crude oil prices hitting a record peak, crossing the $80 threshold to settle at $80.20 a barrel in New York on Thursday. 

  • Don't Squeeze The Juice!!! Friday, 24 Aug 2007 | 1:47 AM ET

    The 1983 comedy movie 'Trading Places' should be required viewing for those with a taste for investing in commodity markets.  Now I've got your attention ... orange juice futures, or to go by their official market designation -- Frozen Concentrated Orange Juice -- take center stage this week.  Especially now, during hurricane season. 

  • Uranium Rocks! Friday, 20 Jul 2007 | 3:13 AM ET

    D'OH!! I heard Homer Simpson is betting big on the uranium market. He buried a pile of luminous rocks in his backyard about a year ago … and he’s still waiting for the check to arrive. In the meantime, Marge couldn’t help but notice a strange breed of two-headed rabbit gamboling around the site where Homer stashed the glowing ore. Clearly, Springfield’s most famous resident has been the recipient of less than sound financial advice and probably needs to re-assess his investment strategy.

  • Oil -- A Decade Past Monday, 2 Jul 2007 | 3:56 AM ET

    A decade on from Asia's financial crisis, the oil market has witnessed an unprecedented bull run. The surge in prices has seemed unsustainable with some commentators likening the jump to the dot com tech bubble. However, this particular bubble in the commodities market shows no signs of bursting as long as the twin powerhouses in the region -- China and India  -- continue to grow.

  • The Sweet Turns Sour Friday, 1 Jun 2007 | 5:19 AM ET

    A decline in sugar prices has left a bitter aftertaste in the mouths of some commodity investors. A 12-month chart chronicling New York Board of Trade sugar futures says it all -- the sweetener has dropped more than 41% -- from a peak of almost 18 cents a pound to its current 6.5 cent price. Bad news bears for commodity bulls like Jim Rogers.

  • Fuel For Thought Friday, 18 May 2007 | 5:57 AM ET

    In the post-apocalyptic world of the action movie “Mad Max Beyond the Thunderdome”, road warriors dueled in muscle cars fueled by pig waste. Fortunately for us today, extreme gasoline shortages are not a reality, though record pump prices are. This means we won't be replacing refineries with swine farms anytime soon. Still, high-energy costs, the toll taken on the environment and a steady decline in easily recoverable sources of oil and gas do mean the hunt for alternatives to traditional fossil fuels is gathering momentum.

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