SCS Commodities has been providing energy and agricultural brokerage services to institutional traders since 1991. As commodity derivatives have evolved from open outcry to electronic markets, SCS has remained at the forefront of independent brokerages. SCS' 24 hour OTC desk, manned by veteran brokers, gives customers continuous coverage of commodities markets around the world.
• After 3-4 weeks of waiting for oil to drop convincingly below $40 for a buying opportunity we seem to have missed the boat on…
• WTI moved higher on the week by about $1.50 through Thursday as aggressive short covering tied to a bullish IEA report and an informal…
• WTI sold off to a low of $41.04 this week, capping a $10.63 drop since June 9th. In our view the short-term bearish narrative…
• WTI consolidated near the $45 mark this week and achieved just a $2.40 range from Monday through Thursday as Summer Doldrums took effect. News…
• In recent weeks the oil market has seen negative sentiment drive prices lower based on expectations of heightened output (some of which have been…
• Markets are a little bit stressed at the moment. Last week’s digestion of Britain’s EU rejection included a record low print in the US…
• Financial markets went into recovery mode this week as central bankers from the U.S. Fed, Bank of England, ECB and BoJ worked to reassure…
• Brexit anxiety dominated markets this week after new polls revealed heightened odds of a Leave vote. From June 9th to June 16th, the GBP…
• WTI submitted a new YTD high of $51.67 this week, albeit in exceptionally boring fashion. In the ten trading days ending June 6th WTI…
• WTI breached our $38/$48 forecast this week as supply disruptions in Nigeria, Latin American and Africa (estimated by Morgan Stanley to be ~2m bpd…
• The most important fundamental development of the week, in our minds, is the evolving market share battle among OPEC + Russia. Saudi Arabia sold…
• We currently see limited near term risk of a move back into the mid $30s with peak daily inventory builds in the rearview mirror…