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By Dominick A. Chirichella |
June 13, 2012
Event risk will take over as the main price driver for all of the risk asset markets, including the oil complex, as the macro correlations remain very tightly linked.
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By Dominick Chirichella |
May 30, 2012
Aside from all of the macro issues sending oil prices lower, supply and demand are more than in balance with a bias toward the oversupplied side of the equation. At the moment oil prices are still being mostly driven by the direction of the euro and the US dollar as...
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By Dominick A. Chirichella |
May 23, 2012
The tensions between Iran and the West have been easing as another meeting will take place tomorrow. As such, expect more market participants to pay attention to this week's round of oil inventory data and thus impact price direction.
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By Dominick A. Chirichella |
March 28, 2012
The market is currently looking for a strong catalyst for guidance for the next move. With geopolitics easing a tad the more normal price drivers have been moving back to the forefront.
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By Dominick A. Chirichella |
March 21, 2012
With all of these announcements hitting the media airwaves on the same day it is obvious this was an orchestrated plan that likely started to be put in place last week when Obama met with Cameroon.
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By Dominick A. Chirichella |
February 22, 2012
Oil prices are still being driven by the evolving tensions in the Middle East between Iran and the West, and to a much lesser extent based on the direction of the euro and the US dollar
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By Dominick A. Chirichella |
February 15, 2012
The evolving geopolitical situation in the Mideast, especially Iran, provides a bullish overtone while the ongoing saga around Greece is bearish
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By Dominick A. Chirichella |
February 8, 2012
EIA said that US oil demand for 2012 to be about the same as 2011 even though they are projecting a 2.1% decline for the first quarter
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By Dominick A. Chirichella |
February 2, 2012
EIA's latest oil inventory report was bearish and has played a major role in the most recent leg down in oil prices
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By Dominick A. Chirichella |
January 25, 2012
Signals from Europe were more bearish than they have been in weeks putting some pressure on the euro and thus oil closing in negative territory
