The beginning months of 2022 saw energy and other commodity markets rally to prices not seen in over a decade. Though the possibility of exceeding $100 per barrel seemed farfetched just a few short months ago, Brent Crude futures currently hover around $128 per barrel, while West Texas Intermediate (WTI) sits at a slightly lower $123 per barrel. 1 Brent crude functions as the global benchmark and product of reference for nearly two-thirds of all oil contracts traded.
At the end of every quarter, The CFG Wealth Management investment team provides a Quarterly Market and Economic Commentary. This report focuses on what’s going on in the capital markets this quarter and provides our perspective and advice.