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By Phil Flynn |
October 18, 2012
Volume in the oil market seems to suggest that the passion for making big trades is somewhat subdued. Yet oil was more focused on what looks almost like a glut of U.S. crude supply.
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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 A. Chirichella |
October 10, 2012
Oil made a strong recovery on Tuesday on a combination of short covering and ongoing concern over the evolving geopolitical situation in the Middle East
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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 Burgert |
October 1, 2012
With the election almost upon us, traders and analysts weigh in on how its outcome may affect the currently oversupplied energy market as well as any potential geopolitical repercussions, which have been a major factor in recent years.
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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 Phil Flynn |
September 25, 2012
Despite the Iranian risk bounce, oil seems more fixated with Europe. Oil seemed unmoved by an ok but not great Spanish auction.
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By Mark Shenk, Bloomberg |
September 19, 2012
Oil tumbled to a six-week low after U.S. crude inventories surged the most since March as production and imports rebounded from Hurricane Isaac.
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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.
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By Dominick Chirichella |
September 12, 2012
Prices are almost solely being driven in the short term by a combination of last week's outcome of the ECB meeting and the growing view that more stimulus from both China and the US is on the way.
