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By Dominick Chirichella |
February 20, 2013
The spot WTI contract held range support and has now moved back to the middle of its trading range on the last day of trading. The soon to be spot April contract has been in a trading range of about $99 on the upside and $95.40 on the lower end....
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By Phil Flynn |
February 13, 2013
The oil market is once again in the grasp of global central bankers as currency fluctuations and not so much supply and demand seem to be the factors that are driving recent momentum.
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By Phil Flynn |
February 7, 2013
Oil futures were falling hard as fears of a growing oil glut grew. Then magically, after a small drawdown in Cushing, Oklahoma, traders started to ask glut...what glut?
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By Dominick Chirichella |
February 6, 2013
Ever since the announcement that the flow through the Seaway pipeline would be constrained WTI's discount to Brent has been growing as the surplus of crude oil in the mid-west does not look like it is going to dissipate anytime soon.
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By Phil Flynn |
January 17, 2013
Oil supply surprisingly fell yesterday as a drop in Saudi Production and a shutdown of the Seaway Pipeline for expansion took a toll on U.S. imports.
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By Naureen S. Malik, Bloomberg |
January 17, 2013
Natural gas futures jumped to the highest price in more than a month after a government report showed a bigger-than-forecast U.S. stockpile decline.
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By Dominick Chirichella |
January 16, 2013
In spite of market participants focusing more of their attention on the perception of what global oil demand might be down the road, the nearby fundamentals remains mostly biased to the bearish side.
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By Phil Flynn |
January 14, 2013
Oil prices are staying strong, not so much because supplies are tight, but because of global economic stimulus.
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By Jeff Wilson, Bloomberg |
January 10, 2013
U.S. corn supplies, the world’s biggest, are dropping at the fastest pace in 17 years as drought damage exceeds government forecasts and five months of declining prices spur demand from livestock producers.
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By Dominick Chirichella |
January 9, 2013
The macro global supply and demand is coming down to U.S. and China...the part I did not think I would say is the U.S. part as the production success has been unprecedented.
