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By Dominick Chirichella |
May 8, 2013
Oil fundamentals remain biased to the bearish side as supply is projected to continue to outstrip global demand in the second quarter resulting in global inventories moving into a building pattern.
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By Mark Shenk, Bloomberg |
May 7, 2013
The U.S. Energy Information Administration reduced its crude-oil price forecast for 2013 because of falling futures and increasing production outside of the Organization of Petroleum Exporting Countries.
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By Phil Flynn |
April 19, 2013
OPEC is showing more concern about the rapid drop in oil prices. While a call from the hawks for a meeting is not unusual, it seems that OPEC special meeting or not will more than likely reign in production unless prices rebound dramatically.
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By Mark Shenk, Bloomberg |
April 9, 2013
The U.S. Energy Information Administration increased its West Texas Intermediate crude price forecast for 2013, predicting new pipeline and rail capacity will narrow WTI’s discount to Brent oil.
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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 Moming Zhou, Bloomberg |
March 12, 2013
West Texas Intermediate advanced, narrowing its discount to Brent crude to the lowest level in more than five weeks, as the euro trimmed losses against the dollar and OPEC increased production.
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By Debarati Roy, Bloomberg |
February 11, 2013
Hedge funds increased bullish commodity positions for the fourth straight week and became the most bullish on copper since December on signs of faster growth in the U.S. and China.
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By Grant Smith and Ben Sharples, Bloomberg |
January 21, 2013
Oil dropped from the highest level in four months in New York before European finance ministers meet today to discuss the region’s debt crisis and as U.S. lawmakers vote this week on budget measures.
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By Dominick Chirichella |
January 9, 2013
The macro global supply and demand is coming down to U.S. and China...the part I did not think I would say is the U.S. part as the production success has been unprecedented.
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By Dominick Chirichella |
November 14, 2012
With the global economy and oil fundamentals continuing to be the main focus of the trading community, this week's oil inventory report could be a price catalyst if the outcome shows a large deviation from the projections.
