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By Phil Flynn |
January 2, 2013
Oil prices had the shackles removed and spiked higher after the Republicans caved and agree to a bill that will raise taxes on families that earn over $450,000. Of course for oil bulls any deal is better than no deal.
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By Lynn Doan, Pratish Narayanan and Lananh Nguyen, Bloomberg |
December 18, 2012
Retail gasoline prices in the U.S. fell to the lowest level in a year as refineries restored production and stockpiles rose to the most in eight months, blunting criticism of President Barack Obama’s energy policies.
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By Phil Flynn |
December 18, 2012
Oil prices are back on the rise as it appears that both sides of the fiscal cliff negotiations are willing to give a little bit.
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By Phil Flynn |
December 17, 2012
With the approaching holiday and the lack of market commitment, oil will continue to stay range bound with an upward bias.
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By Phil Flynn |
December 14, 2012
'Tis the season for natural gas withdrawals. While Frosty is melting away with warm winter temperatures, natural gas supplies are rising.
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By Barbara J Powell, Bloomberg |
December 6, 2012
Gasoline sank to a four-week low after European Central Bank President Mario Draghi said the region’s economic weakness will persist, reducing fuel demand, and as U.S. budget talks are stalled.
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By Barbara J Powell, Bloomberg |
December 5, 2012
Gasoline fell to a three-week low after the Energy Department reported that inventories of the motor fuel rose the most last week since the terrorist attacks on the World Trade Center in New York.
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By Phil Flynn |
December 4, 2012
It is possible that the the drop in new manufacturing orders came about because of Hurricane Sandy, but it did not seem to make a difference to oil traders who are worried about going over the fiscal cliff.
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By Barbara Powell, Bloomberg |
November 20, 2012
Gasoline fell as Hess Corp. returned its New Jersey refinery to full production and as crude declined on optimism that Israel and members of the Islamist Hamas movement will agree to a cease-fire.
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By Moming Zhou and Mark Shenk, Bloomberg |
November 6, 2012
Crude rose the most in a month on forecasts that U.S. gasoline supplies dropped after Hurricane Sandy forced the shutdown of East Coast refineries and as Americans went to the polls to pick a president.
