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By Phil Flynn |
February 21, 2013
Oh sure oil had a lot of reasons to break yesterday! China’s Wen Jiabao putting their breaks on the Chinese red hot housing market, OPEC raising production to aria and of course the rising fear that the Fed is getting closer to taking the punch bowel away
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By Dominick Chirichella |
February 13, 2013
The EIA and OPEC both increased their projection for global oil demand growth versus last month's reports with the IEA surprising the market by decreasing their forecast vs. last month.
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By Phil Flynn |
February 13, 2013
The oil market is once again in the grasp of global central bankers as currency fluctuations and not so much supply and demand seem to be the factors that are driving recent momentum.
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By Phil Flynn |
February 12, 2013
The G-7 and Eurozone finance minters supposedly were on target for a cease fire in the so called currency war, but the rhetoric yesterday seemed to shake up the falling crude market as an ECB bank official took aim and fired.
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By Phil Flynn |
February 11, 2013
Short term natural gas continues to bear the weight of rising supply but long term the market is looking more like a major long term bottom.
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By Dominick Chirichella |
February 6, 2013
Ever since the announcement that the flow through the Seaway pipeline would be constrained WTI's discount to Brent has been growing as the surplus of crude oil in the mid-west does not look like it is going to dissipate anytime soon.
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By Phil Flynn |
February 4, 2013
Oil bears up until this point may know how the 49s feel but it looks more and more likely that the upside run is coming to an end.
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By Phil Flynn |
February 1, 2013
Terror attacks! Explosions! Rumors of war! Yet oil remains unmoved. In a sad commentary on the world we live in the oil market has a built-in price for war terror and destruction.
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By Philip Burgert |
February 1, 2013
Although the supply outlook is increasingly positive, global demand questions remain for oil, natural gas and other energy products.
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By Dominick Chirichella |
January 30, 2013
The main economic event of the day will be the outcome of the U.S. Fed FOMC meeting with the focus mostly on the statement as most in the market expects a rollover of existing accommodative policies.
