Commodities Continue Climb
By now, it might feel like we’re beating a dead horse with our two cents on this one, but commodities are rising (and there’s no sign they’ll be giving up any time soon).
Oil climbed 4% this week after the U.S. government indicated that they would not release oil from its strategic reserves. Demand for oil has increased thanks to sky-high natural gas prices. Natural gas, arguably the biggest commodity winner, is up 129% YTD. It’s joined at the hip by gasoil, heating oil, gasoline, and WTI and brent crude.