Oil is now cheaper than coffee, milk, and even water. No really! Oil which peaked close to $150 a barrel only a few years ago is now at around $35 a barrel. Prices of some commodities here like coffee have also dropped (at least in terms of raw product). We would assume oil is the most volatile product here and where it goes next is a fool’s game, but at least for now stock up on that oil.
Source for oil price image is Bloomberg.
Carlson Capital's Black Diamond Arbitrage fund is up 5.77% for the first eight months of the year, including a 1.72% return for August. Last year, the fund returned 2.39% for the whole year. Q3 2021 hedge fund letters, conferences and more The fund consists of merger arbitrage mainly consisting of signed or "rate of return" Read More