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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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By Dominick Chirichella |
April 10, 2013
After a few days of short covering the oil complex is starting today’s session on the defensive after a bearish API fundamental snapshot along with a weak demand projection by the EIA in their monthly Short Term Energy Outlook report.
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By Dominick Chirichella |
April 3, 2013
Oil prices are drifting lower ahead of this morning’s EIA oil inventory report and after the API reported a much larger than expected build in crude oil but partially offset by a larger than expected draw in gasoline stocks.
