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By Phil Flynn |
November 30, 2012
It seems that U.S. imports of Canadian crude oil rose to record levels during the first eight months of 2012, with Canada accounting for a growing share of total gross U.S. imports.
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By Dominick Chirichella |
November 28, 2012
Now that a deal has been reached to provide the next batch of financial aid to Greece, the market has turned its attention to the U.S. fiscal cliff negotiations.
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By Dominick Chirichella |
November 21, 2012
With geopolitics the main oil price driver and the global economy and oil fundamentals a close second, this week's oil inventory report may not be much of a price catalyst.
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By Phil Flynn |
November 1, 2012
Today the energy complex is going to have to balance an increase in the China Purchasing Managers’ Index number versus the historic energy demand destruction caused by Hurricane Sandy.
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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.
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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.
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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.
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By Phil Flynn |
September 27, 2012
US oil production last week hit the highest level since January 1997! Not only that, but America, in the first six months of this year, met 83% of its energy needs with its own domestic production.
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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.
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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.
