Average Price Performance of Gold, Oil and Base Metals during Four Military Conflicts

Average Price Performance of Gold, Oil and Base Metals during Four Military Conflicts This chart shows the average price performance of gold, oil and base metals during the following military conflicts: 1980 Iran-Iraq War, 1990 Gulf War, 2003 Iraq War, 2011 NATO-led military intervention in Libya. Image: J.P. Morgan Commodities Research

Oil, Gold, Silver, and Wheat vs. Commodities

Oil, Gold, Silver, and Wheat vs. Commodities Chart showing that individual commodities have historically moved together over a long period of time. Image: Wells Fargo Investment Institute

Crude Oil vs. Managed Money Short Positions

Crude Oil vs. Managed Money Short Positions Chart suggesting that oil could rise, when managed money short positions are so extreme. Image: Ned Davis Research, Stifel

U.S. Energy Balance Leads Oil-Dollar Correlation

U.S. Energy Balance Leads Oil-Dollar Correlation Interesting chart suggesting that the U.S. real energy balance leads the oil-dollar correlation by three years. Image: Oxford Economics, Macrobond

The Treadmill of U.S. Oil Shale

The Treadmill of U.S. Oil Shale Chart suggesting that the treadmill of U.S. shale is accelerating. Image: Goldman Sachs Global Investment Research

History of Oil Prices Since 1861

History of Oil Prices Since 1861 This chart is a good illustration of oil price volatility over time. Image: Goldman Sachs Global Investment Research

ISM Composite PMI vs. Crude Oil

ISM Composite PMI vs. Crude Oil Interesting chart showing that the correlation between the ISM Composite PMI and crude oil is up to 75% since 2015. Image: Lohman Econometrics