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By Phil Flynn |
December 6, 2013
Winter is bearing down on the energy markets and what was and what may be is being most reflected in the natural gas market. Nat gas hit a six-month high as cold temperatures conspired to lower supply to the lowest level since 2008.
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By Phil Flynn |
December 5, 2013
Oil has found new life after reports showed that oil supply could actually fall. The Energy Information Administration destroyed that myth after it reported that U.S. crude supply fell by 5.6 million barrels.
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By Dominick Chirichella |
December 4, 2013
With total U.S. crude oil and refined product inventories already lower by more than 33 million barrels since the middle of October, if crude oil enters into a strong destocking pattern as evidenced by the API report, the current oil price rally is likely to extend further.
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By Phil Flynn |
November 21, 2013
Mixed messages sent oil products higher, but oil continues to be grounded by an ever growing U.S. supply. While crude supply only increased by 40,000 barrels, overall supply at Cushing Oklahoma increased to a whopping 39.9 million barrels.
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By Phil Flynn |
November 13, 2013
Oil got hit hard as the supply side is looking overwhelming. It did not help the bullish case when some Fed officials tried to put the fear of taper into the market as early as December.
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By Dominick Chirichella |
November 6, 2013
After surprisingly large draws in refined products in the API oil inventory report the market has turned the corner and has been trading higher since late yesterday afternoon. The market is in short covering rally ahead of today’s EIA oil inventory report.
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By Phil Flynn |
October 31, 2013
Who dares enter the long side of the energy complex? It's close to midnight and something's selling oil in the dark. Under the moonlight, you see a drop that almost stops your stop. You try to scream, but the market takes the trade before you make it.
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By Dominick Chirichella |
October 30, 2013
The tale of two crudes this week with the spot WTI contract once again under strong selling pressure while the spot Brent contract is modestly higher. The Brent/WTI spread widened by more than 10% overnight.
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By Phil Flynn |
October 30, 2013
Oil slides as stocks edge back up toward record highs. Oil still targets $88, and if the American Petroleum Institute report is any indication, we could get there sooner rather than later.
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By Dominick Chirichella |
October 23, 2013
The combo of a bearish U.S. crude oil inventory report on Monday followed by expectations for another large build in crude oil stocks in Wednesday’s EIA oil inventory report sent futures prices tumbling on expiration day for the November WTI contract.
