crude oil build

EIA expects oil production to outpace consumption in 2013 and 2014

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.

Oil falls with equities as global economy slows

By Dominick Chirichella | October 24, 2012

The global economy is going nowhere quick and now it is starting to be reflected in corporate earnings reports. This sent equities into a tailspin that weighed on oil over concern that oil demand growth is also going to slow further.

Oil sees optimism in global economy, waits on inventory confirmation

By Dominick Chirichella | October 17, 2012

A sprinkle of optimism coming from Europe coupled with some early corporate earnings reports that came in better than expected was enough to send the equity markets into a decent one day rally that spread to the oil sector.

Oil drops as economy and supply weigh on market

By Dominick Chirichella | October 3, 2012

The combination of slow growth in the global economy along with current fundamentals that are starting to show signs of supply outstripping demand have kept oil prices hovering near the lower end of the trading range for the last two weeks.

Oil under pressure as QE3 seen unlikely to boost economy

By Dominick Chirichella | September 26, 2012

Oil quickly is coming to the reality that QE3 in the US, more QE in the UK and Japan as well as the ECB bond buying program are not likely to result in a major growth spurt in any of the aforementioned economies.

Oil profit taking may become buying opportunities

By Dominick Chirichella | September 19, 2012

Oil's downward bias this week based on the profit taking selling that started on Monday is likely to be short lived and shallow and viewed by the market as buying opportunities at some point.