Tag Archives: heating oil
Hot Temperatures and a Hot Start to the Second Half of 2023 for Commodities
The S&P GSCI, the broad commodities benchmark, started the second half of the year in a blistering heat wave and rose 11% on the back of petroleum commodities, which all increased by more than 14% in July. The remaining four sectors within the S&P GSCI also rose during the month, as fears of a recession…
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Reductions in Risk Caused Disparate Returns for Commodities in April
Another higher inflation reading helped the S&P GSCI, the broad commodities benchmark, to post an additional 5.1% gain in April. Many market participants realized the U.S. Fed may be behind the curve and have started allocating capital to commodities in 2022. Agriculture and energy continued to outperform last month, while metals and livestock underperformed. Among…
- Categories Commodities
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- Commodities
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A Cast of Crude Oil Indices
Over the past two decades, innovation in futures-based commodity indexing has allowed for the launch of commodity indices beyond broad market beta indices and into more sophisticated strategies with non-traditional roll mechanisms or contract selection. In that vein, S&P Dow Jones Indices (S&P DJI) offers a wide variety of oil indices that offer exposure at…
- Categories Commodities, Equities
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HO HO HO! Merry Christmas
How would you like some heating oil (HO) for Christmas? Chances are you wouldn’t really like that too much, especially if you agree with this report posted on Morningstar.com that quotes, “Nobody would ever put oil in their house unless there was no gas on their street.” Despite the S&P GSCI Heating Oil (spot return) losing 12.7% this…
- Categories Commodities
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- Commodities
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