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By Dominick A. Chirichella |
January 18, 2012
Oil continues to hang on geopolitical tensions, particularly those related to Iran. As such, expect inventories to remain secondary
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By Dominick A. Chirichella |
January 11, 2012
At the moment oil prices are still being mostly driven by the tensions building in the Middle East between Iran and the West coupled with the direction of the euro and the US dollar
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By Dominick A. Chirichella |
January 4, 2012
Oil prices are being mostly driven by the tensions building in the Middle East between Iran and the West coupled with the direction of the euro and the US dollar
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By Dominick A. Chirichella |
December 21, 2011
With the macroeconomic data out of the US continuing to outperform and as long as nothing new emerges out of Europe the current short covering rally could continue
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By Dominick A. Chirichella |
December 14, 2011
Oil remains mostly coupled to the direction of the USD and the euro and will remain in this pattern for the foreseeable future or until Europe moves into the background
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By Dominick A. Chirichella |
December 7, 2011
The market remains hostage to the evolving situation in Europe that has been unfolding once again this week as discussed above with inventory data a secondary driver
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By Dominick A. Chirichella |
November 30, 2011
The market remains hostage to the evolving situation in Europe that has been unfolding once again this week as discussed above with inventory data a secondary driver
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By Dominick A. Chirichella |
November 23, 2011
Market participants continue to follow the tick by tick direction of equities and the US dollar because they are both the primary price drivers for oil once again
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By Dominick A. Chirichella |
November 16, 2011
At the moment all market participants are continuing to follow the tick by tick direction of equities and the US dollar as they are both the primary price drivers for oil once again
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By Dominick A. Chirichella |
November 9, 2011
In its latest short-term outlook, the EIA is projecting for world oil consumption to grow in 2012, mostly from expansion in emerging economies