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By Phil Flynn |
May 2, 2013
The Energy Information Agency shocked the market by reporting that U.S. Crude supply increased by 6.7 million barrels putting supply at the highest level in 82 years. So much for that uptick in gasoline demand.
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By Justin Pugsley |
April 5, 2013
Forex markets were taken by surprise that the U.S. economy only created 88,000 jobs in March while a poll of analysts anticipated a number closer to 190,000. The U.S. dollar quickly sold-off, but could that be reversed quite soon?
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By Phil Flynn |
March 12, 2013
While the oil market fell, RBOB gasoline futures have gone crazy. Yet behind the volatility are a story of record high renewable fuel credits, surging ethanol costs and the possibility of government mandated shortages.
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By Phil Flynn |
February 27, 2013
With the negative outlook, gold and silver and the bonds got a boost and oil was unmoved as it focused on what seems like an ever increasing supply situation.
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By Phil Flynn |
August 17, 2012
Higher gasoline prices are starting to worry the Obama administration as talk of a release of oil from the Strategic Petroleum Reserve.
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By Phil Flynn |
August 17, 2012
Higher gasoline prices are starting to worry the Obama administration as talk of a release of oil from the Strategic Petroleum Reserve.
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By Phil Flynn |
May 8, 2012
The euro currency technically and fundamentally is in trouble and so too is the long commodity trade. Traders more and more will seek safe harbor in the dollar and bonds, and commodities will seek to trade in a lower range.
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By Meera Louis and Theophilos Argiti, Bloomberg |
April 20, 2012
The Group of 20 richest nations, which includes four of the world’s five biggest oil producers, vowed to remain “vigilant” about high crude prices and take action if needed to ease price pressures.
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By Dominick Chirichella |
April 18, 2012
Yesterday was clearly a so called risk-on day as market participants interpreted Spain's better than expected auction results that all is ok in Europe. The markets remain so interlinked that something as simple was enough to drive just about every risk asset market higher.
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By Phil Flynn |
March 22, 2012
First it was International Monetary Fund Christine Lagarde. Now it's Fed Chairman Ben Bernanke! Come on you prophets of doom; let us enjoy the economic recovery.
