Bonds, Currencies & Commodities
Crude Oil

Crude oil production is outpacing demand with the result that millions of barrels of oil are getting added to the inventory. Commercial crude stockpiles as reported by the US Energy Information Administration is at 19-year highs. And yet oil shows no signs of declining below $50. What is the reason for the oil market to defy the laws of demand and supply? Traders are betting on the US economy picking up later this year, though there is still little supportive data. In fact, on 29th April the US Commerce Department reported that gross domestic product shrank 6.1% in the first quarter - the third consecutive quarter of contraction. This is the first time something like this has happened in the last 34 years. But equity markets searched and found a silver lining - an increase in consumer spending. That created a sharp rally in stock indices and, therefore, in crude oil. How long will it last?

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The Fine Art Of Investing

Keynes’s value investing covered not just stocks but art as well. In World War II, the German...

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