Futures to Remain in Backwardation Amid Mideast Tension

Oil: Futures to Remain in Backwardation Amid Mideast Tension By Blu Putnam, Chief Economist, CME Group Video Highlights Spot oil prices to remain high due to Mideast risk premium Futures to be in backwardation until Mideast tension eases U.S. shale producers set to expand production in 2018, 2019 In case you missed it… Read Blu Putnam’s article … Read More

Research: What’s Next for Oil Markets as Prices, Mideast Tensions Rise?

What’s Next for Oil Markets as Prices, Mideast Tensions Rise? By Blu Putnam, Chief Economist, CME Group Oil: As Price Tops $70, Will Shale Producers Ramp Up Output? As crude oil prices top $70 per barrel amid escalating Mideast geopolitical risk premium, will shale producers ramp up output as they lock in prices? Listen to Podcast U.S. … Read More

Gold: At the Crossroads of Fiscal and Monetary Policies

Gold: At the Crossroads of Fiscal and Monetary Policies By Erik Norland, Senior Economist, CME Group Highlights Gold implied volatility has languished over the past two years Growing budget deficit has weakened the dollar while supporting gold But higher interest rates have reined in any rally in gold prices Bearish forces of tigher monetary policy … Read More

How Changing Oil Market Dynamics May Play Out In Oil Prices

Oil Market Dynamics in Play: What to Watch in Coming Weeks By Blu Putnam, Chief Economist, CME Group Oil: Will Mideast Risk Premium Rise Before Driving Season? Highlights U.S. shale oil production can respond faster to price changes Ramp-up in U.S. production could be tempered by drilling challenges U.S. oil exports have changed the dynamics of Brent-WTI … Read More

Research: Fed Focus on More Unwinding, Monetary Policy

Focus on the Fed: More QE Unwinding, Monetary Policy Moves By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group Fed Unwinding the Bernanke Experiments: Progress Report Highlights Fed may aim for balance sheet to be 10%-12% of GDP by 2022-2023 Likely to steer effective funds rate to be at par or slightly above core … Read More