The shale gas revolution in the United States has led to a collapse in prices but is too big to keep to ourselves. That is turning natural gas from a domestic market to a global one, and the global demand may cure the current low prices.
While West Texas Intermediate crude is on pace for its third consecutive monthly decline, which would be the longest losing stretch in nearly five years, its trans-Atlantic cousin, Brent crude, is flirting with its highs.
When U.S. financial markets finished their temper tantrum over the Federal Reserve acknowledging that QE3 would have to end, the prospects of more rational market fundamentals emerged. But as we enter 2014, markets appear stuck on taper.
Since breaking the $100 level in mid-October, WTI crude oil futures have been in a clear downtrend as prices continue to fall through key support levels. Here's an options strategy to take advantage of that with a great risk vs. reward ration.
Iran deal fails as France has second thoughts about giving Iran too much and getting nothing back in return. At the same time oil products, such as gasoline and ultra-low sulfur diesel, look like they wants to bottom.