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By Phil Flynn |
April 17, 2013
Oil Prices look like they found support around $86.00 as I expected. After the massive sell-off because of the fears of a global slowdown and massive U.S. supply, oil could start rebounding on the more mundane seasonal and refinery factors.
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By Mark Shenk, Bloomberg |
April 16, 2013
Brent crude fell below $100 a barrel for the first time since July on signs economic growth will slow, curbing demand. West Texas Intermediate oil was little changed before a report that may show a U.S. supply gain.
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By Phil Flynn |
April 11, 2013
While gasoline production fell back a bit from its seasonally high rate, imports to the East and West Coast helped create a big surge in gasoline supply.
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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.
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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.
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By Phil Flynn |
April 3, 2013
Why all this interest in the long side of natural gas? Because the hedge funds realize that we are crossing that historic turning point in this market where demand growth expectations will start to outstrip production increases.
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By Mark Shenk, Bloomberg |
April 2, 2013
West Texas Intermediate crude rose as U.S. equities surged after data showed U.S. factory orders exceeded forecasts, signaling increasing economic growth and fuel demand.
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By Phil Flynn |
March 27, 2013
Oil prices tried to put Cyprus aside and decided to focus on improving U.S. economic data and seasonal factors. There are still fear that there could be a run on banks across Europe.
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By Phil Flynn |
March 20, 2013
Oil is up a tad as the EU seems to not to be in a real hurry to pull the plug on Cyprus. The EU did promise to provide liquidity based on the existing rules, which is providing liquidity in the energy markets.
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By Ben Sharples |
March 18, 2013
West Texas Intermediate oil traded near a one-month high as tension eased over a bank tax in Cyprus.
