What to Watch in Commodities: Virus, WTI, Alcoa, BHP, Chevron
- Earnings season sees Baker Hughes, Kinder Morgan, Teck results
- Treasury weighs Venezuela sanctions waiver; Anglo’s production
Commodity markets are in line for a deluge of corporate information this week as earnings season hits high gear. Investors will pick over figures from a virus-roiled first quarter, while executives get a platform to lay out plans for the rest of the year, against a backdrop of debates over whether the pandemic is receding and how lockdowns may be eased.
With West Texas Intermediate plunging to the lowest since futures began trading in New York in 1983 on concern key storage will get maxed out, those reporting include pipeline player Kinder Morgan Inc. and oilfield-services behemoth Baker Hughes Co. There are also earnings from aluminum giant Alcoa Corp. and coal-to-copper producer Teck Resources Ltd., as well as output data from BHP Group and Anglo American Plc.