The 2008 High in Commodities is in Play

The year 2008 does not bring fond memories in its latter half, but in the middle of the year, commodity traders sure did have a lot of fun with oil and all kinds of other commodities going parabolic – like crude oil near $150 a barrel – the sort of way commodities are acting now. Q4 2021 hedge fund letters, conferences and more A Relief Sell-Off In The Commodity IndexesWTI crude closed last week at $114 a barrel, so the 2008 high is in play, contingent of course on how the Ukrainian crisis plays out. A speedy conclusion of the war, which right now seems unlikely, would mean a relief sell-off i…

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