oil inventory reports

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  Oil drops on Fed minutes and surprise inventory build

  By Dominick Chirichella  |  April 4, 2012

  The oil market was hit with a one-two punch that has sent prices toward the lower end of the trading range. First the latest minutes from the last US Fed FOMC meeting suggested that the Fed may be backing away from QE3.

• EIA sees oil consumption outpacing production; oil stocks grow

  By Dominick Chirichella  |  March 7, 2012

  EIA expects increases in global consumption to outpace production growth in countries outside of OPEC during the short-term forecast period

• Oil corrects amid small inventory build

  By Dominick A. Chirichella  |  February 29, 2012

  Oil is being driven by two main catalysts. First, the ongoing geopolitical risk in the Middle East and Africa. Second is the amount of liquidity Central Banks continue to put in the market

• Oil hanging on Iranian geopolitical factors

  By Dominick A. Chirichella  |  February 22, 2012

  Oil prices are still being driven by the evolving tensions in the Middle East between Iran and the West, and to a much lesser extent based on the direction of the euro and the US dollar

• Oil caught between Iran and Greece price-drivers

  By Dominick A. Chirichella  |  February 15, 2012

  The evolving geopolitical situation in the Mideast, especially Iran, provides a bullish overtone while the ongoing saga around Greece is bearish

• Bearish signals from Europe put pressure on oil

  By Dominick A. Chirichella  |  January 25, 2012

  Signals from Europe were more bearish than they have been in weeks putting some pressure on the euro and thus oil closing in negative territory

• Oil trading on Iran tensions, inventories secondary

  By Dominick A. Chirichella  |  January 18, 2012

  Oil continues to hang on geopolitical tensions, particularly those related to Iran. As such, expect inventories to remain secondary

• Oil torn between slowing economies and supply interruptions

  By Dominick A. Chirichella  |  January 11, 2012

  At the moment oil prices are still being mostly driven by the tensions building in the Middle East between Iran and the West coupled with the direction of the euro and the US dollar

• Oil hanging on Iran, inventories secondary

  By Dominick A. Chirichella  |  January 4, 2012

  Oil prices are being mostly driven by the tensions building in the Middle East between Iran and the West coupled with the direction of the euro and the US dollar

• 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