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By Grant Smith and Mark Shenk, Bloomberg |
December 26, 2012
Brent crude is poised to trade above $100 a barrel for a third consecutive year in 2013 as tension in the Middle East threatens to disrupt supply and global demand is buoyed by Chinese imports.
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By Dominick Chirichella |
December 12, 2012
With geopolitics less of an issue or price driver than it was the last few weeks the main oil price drivers are likely to be any and all macroeconomic data on the global economy with oil fundamentals equally important.
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By Phil Flynn |
December 11, 2012
The Federal Reserve starts a two day meeting today and OPEC is flying to Vienna to start jawboning ahead of their official meeting tomorrow. One is important for oil traders and one is not.
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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 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.
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By Ayesha Daya, Bloomberg |
November 13, 2012
The International Energy Agency lowered its world oil-demand forecast for this quarter for a second time, citing weakness in Europe’s economy and disruption to U.S. fuel delivery and travel by Hurricane Sandy.
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By Phil Flynn |
November 13, 2012
In its monthly oil market report, the IEA forecast oil demand growth in 2013 unchanged at 0.8 million barrels a day but warned that risks remain skewed to the downside.
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By Lananh Nguyen, Bloomberg |
November 12, 2012
U.S. oil output is poised to surpass Saudi Arabia’s in the next decade, making the world’s biggest fuel consumer almost self-reliant and putting it on track to become a net exporter, the International Energy Agency said.
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By Phil Flynn |
October 30, 2012
Natural gas got a boost after a report that U.S. electric companies are preparing for weather that could close some East Coast nuclear plants with Hurricane Sandy coming ashore. Worries about nuclear power may go beyond that.
