oil inventory data

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  Oil inventories take back seat to global economy

  By Dominick Chirichella  |  June 6, 2012

  At the moment oil prices are still being mostly driven by the events discussed above along with the direction of the euro and the US dollar as well as by a view that the global economy is continuing to slow.

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  Oil driven lower by European risks while waiting on inventories

  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...

• Oil sees short covering rally as Europe moves to background

  By Dominick A. Chirichella  |  December 21, 2011

  With the macroeconomic data out of the US continuing to outperform and as long as nothing new emerges out of Europe the current short covering rally could continue

• Oil remains coupled to dollar as focus still on Europe

  By Dominick A. Chirichella  |  December 14, 2011

  Oil remains mostly coupled to the direction of the USD and the euro and will remain in this pattern for the foreseeable future or until Europe moves into the background

• Oil inventories secondary, market hostage to Europe

  By Dominick A. Chirichella  |  December 7, 2011

  The market remains hostage to the evolving situation in Europe that has been unfolding once again this week as discussed above with inventory data a secondary driver

• Oil inventories stay in back seat, Europe and Iran driving

  By Dominick A. Chirichella  |  November 30, 2011

  The market remains hostage to the evolving situation in Europe that has been unfolding once again this week as discussed above with inventory data a secondary driver

• Macro issues driving oil, fundamentals take backseat

  By Dominick A. Chirichella  |  November 23, 2011

  Market participants continue to follow the tick by tick direction of equities and the US dollar because they are both the primary price drivers for oil once again

• Oil inventories take a back seat to geopolitical factors

  By Dominick A. Chirichella  |  November 16, 2011

  At the moment all market participants are continuing to follow the tick by tick direction of equities and the US dollar as they are both the primary price drivers for oil once again

• EIA revises oil consumption projections higher

  By Dominick A. Chirichella  |  November 9, 2011

  In its latest short-term outlook, the EIA is projecting for world oil consumption to grow in 2012, mostly from expansion in emerging economies

• Oil focused on Europe, inventory secondary

  By Dominick A. Chirichella  |  November 2, 2011

  Oil remains hostage to the outcome of the European soap opera that has been unfolding so far this week with inventory data a secondary driver