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By Mark Shenk, Bloomberg |
April 16, 2013
Brent crude fell below $100 a barrel for the first time since July on signs economic growth will slow, curbing demand. West Texas Intermediate oil was little changed before a report that may show a U.S. supply gain.
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By Phil Flynn |
April 11, 2013
While gasoline production fell back a bit from its seasonally high rate, imports to the East and West Coast helped create a big surge in gasoline supply.
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By Phil Flynn |
April 10, 2013
Oil prices fluctuated yesterday on lots of news and lots of supply. An earthquake in Iran gave oil a pop, but after the close the American Petroleum Institute reported a whopping 5.1 million build in crude oil supply.
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By Phil Flynn |
April 9, 2013
The substitution of natural gas for oil and increasing fuel economy means that oil demand is reaching a tipping point and that "The end is Nigh” for global oil demand growth.
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By Phil Flynn |
April 5, 2013
The day after a wildly bearish Energy Information Administration supply report showed that crude supplies are at the highest level for this time of year in 82 years, central banks and economic data in U.S. piled on to one of the most significant sell-off events this year.
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By Anthony Lazzara |
April 4, 2013
The Bank of Japan has recently pledged to double its government bond holdings in two years, thus actually surprising the market with its extreme level of aggressiveness in trying to combat and reverse deflation that is plaguing Japan.
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By Phil Flynn |
April 4, 2013
Seasonal RBOB traders beware! The Energy Information Administration rocked the market by reporting a surge in oil supplies and rocking refinery runs. U.S. crude oil stocks climbed by a higher-than-expected 2.7M barrels.
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By Mark Shenk, Bloomberg |
April 3, 2013
Crude dropped after an industry report showed that U.S. oil stockpiles climbed to a nine-month high as output held at the highest level in more than two decades.
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By Mark Shenk, Bloomberg |
April 2, 2013
West Texas Intermediate crude rose as U.S. equities surged after data showed U.S. factory orders exceeded forecasts, signaling increasing economic growth and fuel demand.
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By Phil Flynn |
April 2, 2013
While manufacturing reported weakness caused a drop in oil, heating oil led a product comeback. Yet it was natural gas that quietly closed above $4.00 that was perhaps the most interesting move of the day.
