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By Phil Flynn |
May 29, 2012
As oil in recent weeks gave into the weight of overwhelming supply, it now will find support from rising risk. A massacre in Syria and the perception that Iranian nuclear talks will fail has added a risk dynamic.
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By Phil Flynn |
May 25, 2012
I know it was just two weeks ago when I wrote $100 or go bust and last Friday when I wrote $90 or bust, but now I am saying that crude could be ending its slide
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By Phil Flynn |
May 24, 2012
Talks continue against a backdrop of ever rising oil inventories as supply in the United States hit the highest level since August 1990
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By Dominick A. Chirichella |
May 23, 2012
The tensions between Iran and the West have been easing as another meeting will take place tomorrow. As such, expect more market participants to pay attention to this week's round of oil inventory data and thus impact price direction.
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By Phil Flynn |
May 23, 2012
Oil zoned out late in the trading session on an admission from former Greek Prime Minister that preparations for an exit from the Eurozone are being considered
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By Moming Zhou, Bloomberg |
May 22, 2012
Crude slipped as Iran agreed to let Western nuclear inspectors into the country, easing concern that the conflict over its atomic energy program would disrupt Mideast supplies.
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By Phil Flynn |
May 22, 2012
The oil market wanted to believe that the worst was over for the global economy, bouncing back from a six-month low but a downgrade of Japan means the market will have to struggle
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By Phil Flynn |
May 21, 2012
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By Phil Flynn |
May 16, 2012
Oil and RBOB prices plummet as the market is not convinced that the EU can keep Greece in the zone and stop the contagion from spreading, despite the meeting of the minds between Merkel and new French president Hollande.
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By Phil Flynn |
May 11, 2012
People should stop worrying about the break below $100 a barrel and start worrying about whether $90 a barrel can hold
