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By Dominick Chirichella |
November 28, 2012
Now that a deal has been reached to provide the next batch of financial aid to Greece, the market has turned its attention to the U.S. fiscal cliff negotiations.
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By Dominick Chirichella |
November 21, 2012
With geopolitics the main oil price driver and the global economy and oil fundamentals a close second, this week's oil inventory report may not be much of a price catalyst.
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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 Dominick Chirichella |
October 24, 2012
The global economy is going nowhere quick and now it is starting to be reflected in corporate earnings reports. This sent equities into a tailspin that weighed on oil over concern that oil demand growth is also going to slow further.
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By Dominick Chirichella |
October 17, 2012
A sprinkle of optimism coming from Europe coupled with some early corporate earnings reports that came in better than expected was enough to send the equity markets into a decent one day rally that spread to the oil sector.
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By Dominick A. Chirichella |
October 10, 2012
Oil made a strong recovery on Tuesday on a combination of short covering and ongoing concern over the evolving geopolitical situation in the Middle East
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By Dominick Chirichella |
October 3, 2012
The combination of slow growth in the global economy along with current fundamentals that are starting to show signs of supply outstripping demand have kept oil prices hovering near the lower end of the trading range for the last two weeks.
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By Dominick Chirichella |
September 26, 2012
Oil quickly is coming to the reality that QE3 in the US, more QE in the UK and Japan as well as the ECB bond buying program are not likely to result in a major growth spurt in any of the aforementioned economies.
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By Dominick Chirichella |
September 19, 2012
Oil's downward bias this week based on the profit taking selling that started on Monday is likely to be short lived and shallow and viewed by the market as buying opportunities at some point.
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By Dominick Chirichella |
September 12, 2012
Prices are almost solely being driven in the short term by a combination of last week's outcome of the ECB meeting and the growing view that more stimulus from both China and the US is on the way.
