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By Phil Flynn |
May 1, 2013
Oil is backtracking and the outside markets seem to suggest that the Federal Reserve will have to do the same. Oil prices are trying to balance weak manufacturing data out of China versus today's Fed decision.
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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 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.
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By Andy Sharp and Keiko Ujikane, Bloomberg |
March 28, 2013
Japanese Prime Minister Shinzo Abe took power in December as confidence among manufacturers hit a three-year low. Now, as the yen weakens and stocks surge, sentiment is set to rebound by the most since 2011.
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By Jeff Kearns and Joshua Zumbrun, Bloomberg |
March 20, 2013
The Federal Reserve will keep up its bond buying at a pace of $85 billion a month even as the world’s largest economy and the job market pick up.
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By Alex Kowalski, Bloomberg |
December 5, 2012
Services industries in the U.S. unexpectedly expanded at a faster pace than forecast in November, indicating the economy is holding up in the face of the so-called fiscal cliff.
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By Phil Flynn |
December 4, 2012
It is possible that the the drop in new manufacturing orders came about because of Hurricane Sandy, but it did not seem to make a difference to oil traders who are worried about going over the fiscal cliff.
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By Phil Flynn |
December 3, 2012
The oil market is trying to balance the risk of the U.S. going over the fiscal cliff vs. stronger data out of China and the possibility that the recent Greek bailout drama may have a bullish ending.
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By Lorraine Woellert, Bloomberg |
November 16, 2012
Industrial production in the U.S. unexpectedly declined in October as superstorm Sandy knocked out power in the Northeast.
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By Dominick Chirichella |
October 3, 2012
The combination of slow growth in the global economy along with current fundamentals that are starting to show signs of supply outstripping demand have kept oil prices hovering near the lower end of the trading range for the last two weeks.
