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By Shobhana Chandra, Bloomberg |
May 15, 2013
Industrial production declined in April by the most in eight months, reflecting broad-based cutbacks in U.S. manufacturing that show factories will provide little support for the economy.
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By Phil Flynn |
May 14, 2013
Following several years of stronger-than-expected North American supply growth, the shockwaves of rising U.S. shale gas and light tight oil and Canadian oil sands production are reaching virtually all recesses of the global oil market.
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By Jamie Macrae |
May 13, 2013
Since the beginning of February, the discount of WTI to global prices has fallen quickly, primarily because of changes in pipeline infrastructure that has brought cheaper mid-continent crude oil to the U.S. Gulf coast.
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By Phil Flynn |
May 13, 2013
The oil market got heavy as word of a possible story of a Fed exit, which started to permeate the trading floor on Friday. The other issue is oil going down to the Gulf Coast and whether our production boom will overwhelm the refineries.
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By Phil Flynn |
May 10, 2013
The President is pushing for natural gas exports. He must have run the numbers and now realizes what a positive impact it will have on his economy.
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By Anthony Lazzara |
May 9, 2013
Crude is down almost $1 to $95.75. We believe this is mainly fear premium regarding the Syria situation. Technically, it looks as though oil is at the top of its downward channel.
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By Christine Buurma, Bloomberg |
May 9, 2013
Natural gas, the worst-performing and most volatile commodity of the past decade amid a glut in supply, is replacing gold as a haven for commodity investors as the metal slumps.
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By Phil Flynn |
May 9, 2013
The WTI/Brent oil spread fell below $8 for the first time in two years as the U.S. is reestablishing itself not only as a major oil consumer but also as major world oil producer.
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By Stephen Kirkland and Nikolaj Gammeltoft, Bloomberg |
May 8, 2013
Stocks rose, sending the Standard & Poor’s 500 Index to a record for a fifth day, amid better-than- projected earnings forecasts. European shares and metals gained as China’s trade and German industrial output beat estimates.
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By Phil Flynn |
May 8, 2013
Pull out the party hats! Dow closed above 15000 for the first time in history! Although the Dow is rocking, and that has been a factor in the increase in oil from the lows, Dow records are just not what they used to be.
