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By Dominick Chirichella |
May 15, 2013
The growing market concern over the weakening oil fundamental picture is continuing to pressure oil prices with the complex declining for the fourth trading session in a row.
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By Stephen Kirkland and Nikolaj Gammeltoft, Bloomberg |
May 14, 2013
U.S. stocks rose, sending the Standard & Poor’s 500 Index to a record for the eighth time in nine days, amid improving confidence in the largest economy. Industrial metals retreated on concern about China’s growth.
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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 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 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.
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By Phil Flynn |
May 3, 2013
Oil flies while natural gas dives. Is this evidence of spread trading or is it just a coincidence? On the surface there is no doubt why natural gas tanked.
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By Moming Zhou, Bloomberg |
May 2, 2013
West Texas Intermediate crude gained the most in almost six months as the number of Americans filing applications for unemployment benefits slipped and the European Central Bank reduced interest rates to a record low.
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By Dominick Chirichella |
May 1, 2013
After attempting to breakout through the upper range resistance level, all of the commodities in the oil complex failed and have been in retreat mode since early yesterday and into this morning so far.
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By Mark Shenk, Bloomberg |
April 16, 2013
Brent crude fell below $100 a barrel for the first time since July on signs economic growth will slow, curbing demand. West Texas Intermediate oil was little changed before a report that may show a U.S. supply gain.
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By Lu Wang and Tony C. Dreibus, Bloomberg |
April 12, 2013
Metals and energy sank, sending a gauge of commodities to an eight-month low and extending a slump that Citigroup Inc. said may mark the “death bell” for the four-year rally in materials.
