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By Phil Flynn |
April 24, 2013
So for oil, remember you can't fight the Fed or even the ECB and you can't outlast the guys who can print the cash. But really from a technical standpoint, the oil market was probably ready to bottom anyway.
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By Phil Flynn |
April 23, 2013
Oil prices fell as the flash HSBC Purchasing Managers' Index for April fell to 50.5 in April from 51.6 the month before as new export orders shrank in China. The long-term natural gas story is getting out.
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By Lindsay Fortado and Jim Brunsden |
April 16, 2013
Regulators will seek to eliminate conflicts leading to manipulation of benchmark lending rates while investigations into Libor fixing continue.
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By Phil Flynn |
March 19, 2013
The oil market was trying to put the situation in Cyprus behind itself. While the Parliament put off the vote and kicked the can down the road, traders tried to justify the return of confidence in the market.
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By Ben Sharples |
March 18, 2013
West Texas Intermediate oil traded near a one-month high as tension eased over a bank tax in Cyprus.
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By Phil Flynn |
March 14, 2013
In the past when OPEC’s back has been against the wall, like the late-1990s, energy prices and demand rebounded to save them from the ash heap of history. Yet this time may be different. Why? Because OPEC is not the only game in town!
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By Phil Flynn |
March 12, 2013
While the oil market fell, RBOB gasoline futures have gone crazy. Yet behind the volatility are a story of record high renewable fuel credits, surging ethanol costs and the possibility of government mandated shortages.
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By Mark Shenk, Bloomberg |
March 11, 2013
Oil dropped as China’s industrial production trailed estimates and after Saudi Arabian crude output climbed from a 20-month low last month.
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By Dominick Chirichella |
March 6, 2013
The relatively balanced global fundamental situation has been keeping oil prices under control as the market has been in a short term downward trading channel since breaking through key technical support levels in the middle of February.
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By Dominick Chirichella |
February 27, 2013
All of the normal macroeconomic data is playing a secondary role as the oil markets move in sync on each new 30 second news snippets regarding Italy, Bernanke, and the sequester.
