-
By Dominick Chirichella |
April 17, 2013
Is the worst of the risk asset selling over or was Tuesday’s trading activity just a bit of short covering rally in a broader downtrend that is just getting underway? The market sentiment tends to quickly react to changes in the status of the global economy.
-
By Dominick Chirichella |
April 10, 2013
After a few days of short covering the oil complex is starting today’s session on the defensive after a bearish API fundamental snapshot along with a weak demand projection by the EIA in their monthly Short Term Energy Outlook report.
-
By Phil Flynn |
April 10, 2013
Oil prices fluctuated yesterday on lots of news and lots of supply. An earthquake in Iran gave oil a pop, but after the close the American Petroleum Institute reported a whopping 5.1 million build in crude oil supply.
-
By Mark Shenk, Bloomberg |
April 9, 2013
The U.S. Energy Information Administration increased its West Texas Intermediate crude price forecast for 2013, predicting new pipeline and rail capacity will narrow WTI’s discount to Brent oil.
-
By Phil Flynn |
April 9, 2013
The substitution of natural gas for oil and increasing fuel economy means that oil demand is reaching a tipping point and that "The end is Nigh” for global oil demand growth.
-
By Phil Flynn |
April 4, 2013
Seasonal RBOB traders beware! The Energy Information Administration rocked the market by reporting a surge in oil supplies and rocking refinery runs. U.S. crude oil stocks climbed by a higher-than-expected 2.7M barrels.
-
By Mark Shenk, Bloomberg |
April 3, 2013
Crude dropped after an industry report showed that U.S. oil stockpiles climbed to a nine-month high as output held at the highest level in more than two decades.
-
By Dominick Chirichella |
April 3, 2013
Oil prices are drifting lower ahead of this morning’s EIA oil inventory report and after the API reported a much larger than expected build in crude oil but partially offset by a larger than expected draw in gasoline stocks.
-
By Dominick Chirichella |
March 27, 2013
After three strong up days the spot WTI contract is on the defensive this morning ahead of today’s EIA oil inventory report. WTI is now in a new higher technical trading range with $94.50 the support area and $97 the current resistance level.
-
By Christine Buurma, Bloomberg |
March 21, 2013
Natural gas futures slid after trading at an 18-month high above $4 in New York following a government report showing that U.S. stockpiles declined by less than expected last week.
