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By Anthony Lazzara |
October 3, 2012
The Energy Department said crude output rose 11,000 barrels a day to 6.52 million last week, the most since December 1996. Thus the crude oil futures market has taken a beating this morning.
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By Dominick Chirichella |
October 3, 2012
The combination of slow growth in the global economy along with current fundamentals that are starting to show signs of supply outstripping demand have kept oil prices hovering near the lower end of the trading range for the last two weeks.
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By Dominick Chirichella |
September 26, 2012
Oil quickly is coming to the reality that QE3 in the US, more QE in the UK and Japan as well as the ECB bond buying program are not likely to result in a major growth spurt in any of the aforementioned economies.
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By Phil Flynn |
September 12, 2012
Commodity bulls got the bounce they needed as Germany’s Federal Constitutional Court Ok’d the European Central Bank’s bond buying program, with limitations.
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By Dominick Chirichella |
September 12, 2012
Prices are almost solely being driven in the short term by a combination of last week's outcome of the ECB meeting and the growing view that more stimulus from both China and the US is on the way.
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By Phil Flynn |
September 6, 2012
As of yesterday the Bureau of Safety and Environmental Enforcement said that from operator reports, it is estimated that approximately 49.33% of the current daily oil production in the Gulf of Mexico has been shut-in.
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By Dominick Chirichella |
September 5, 2012
The oil complex is in a battle between the perception traders, who look for more stimulative measures, and the reality traders, who see the global economy is slowing and demand for oil will continue to decline.
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By Dominick Chirichella |
August 29, 2012
As Hurricane Isaac passes through the area over the next several days the industry will be able to quickly assess the condition of the oil and Nat Gas facilities. Until then, it focuses on inventories.
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By Phil Flynn |
August 16, 2012
With all of the issues challenging energy production, imports and production, not to mention seasonal patterns, the weekly net changes make a lot more sense. Still there were some surprises.
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By Moming Zhou, Bloomberg |
August 15, 2012
Crude gained for a second day after the U.S. Energy Department said stockpiles fell more than expected last week.
