-
By Dominick Chirichella |
June 12, 2013
Oil prices are steady as we await confirmation from the EIA of a massive build in supplies. The IEA also just released their monthly oil market assessment and also lowered global oil consumption slightly for 2013.
-
By Dominick Chirichella |
June 5, 2013
Oil prices are starting the day higher after a mostly bullish API oil inventory report released late yesterday afternoon. The main surprise was a 7.8 million barrels draw in crude oil stocks.
-
By Dominick Chirichella |
May 22, 2013
So the battle between a weakening oil demand picture versus the support coming from the very accommodative monetary policies in the developed world economies continues with the winning side flip flopping back and forth.
-
By James Ramelli |
May 16, 2013
Over the past week crude oil prices have been rocked by conflicting macroeconomic data and a suspected price-fixing scandal, leaving many investors questioning the validity of current price levels. Tap into that volatility with a put spread.
-
By Dominick Chirichella |
May 15, 2013
The growing market concern over the weakening oil fundamental picture is continuing to pressure oil prices with the complex declining for the fourth trading session in a row.
-
By Dominick Chirichella |
May 8, 2013
Oil fundamentals remain biased to the bearish side as supply is projected to continue to outstrip global demand in the second quarter resulting in global inventories moving into a building pattern.
-
By Dominick Chirichella |
May 1, 2013
After attempting to breakout through the upper range resistance level, all of the commodities in the oil complex failed and have been in retreat mode since early yesterday and into this morning so far.
-
By Phil Flynn |
April 29, 2013
The oil market is getting a stimulating start as oil traders look to the ECB to give the trade a boost. Add a dash of stimulus and we see oil near a two week high.
-
By Dominick Chirichella |
April 24, 2013
Firming equity markets in the U.S. were enough to bolster oil prices after their negative start on Tuesday reversing the selling from the decline in China’s PMI data.
-
By Dominick Chirichella |
April 17, 2013
Is the worst of the risk asset selling over or was Tuesday’s trading activity just a bit of short covering rally in a broader downtrend that is just getting underway? The market sentiment tends to quickly react to changes in the status of the global economy.
