(Bloomberg) — U.S. oil futures are trading above $75 but the yearly reshuffling of billions of dollars of commodity investments are about to trigger a sharp bout of selling. Every January, the world’s two biggest commodities indexes — the S&P GSCI Index and the Bloomberg Commodities Index — reset, spurring a raft of inflows and […]
(Bloomberg) — Black Friday turned red very quickly for global oil markets. The day after Thanksgiving has been choppy before — fewer traders can mean more volatility — but nothing like this year. The prospect of the freshly named Omicron variant of Covid derailing the world’s fight against the pandemic saw an early morning sell-off […]