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By Mark Shenk, Bloomberg |
April 2, 2013
West Texas Intermediate crude rose as U.S. equities surged after data showed U.S. factory orders exceeded forecasts, signaling increasing economic growth and fuel demand.
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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 Phil Flynn |
January 2, 2013
Oil prices had the shackles removed and spiked higher after the Republicans caved and agree to a bill that will raise taxes on families that earn over $450,000. Of course for oil bulls any deal is better than no deal.
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By Ayesha Daya, Bloomberg |
November 13, 2012
The International Energy Agency lowered its world oil-demand forecast for this quarter for a second time, citing weakness in Europe’s economy and disruption to U.S. fuel delivery and travel by Hurricane Sandy.
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By Lananh Nguyen, Bloomberg |
November 12, 2012
U.S. oil output is poised to surpass Saudi Arabia’s in the next decade, making the world’s biggest fuel consumer almost self-reliant and putting it on track to become a net exporter, the International Energy Agency said.
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By Phil Flynn |
November 1, 2012
Today the energy complex is going to have to balance an increase in the China Purchasing Managers’ Index number versus the historic energy demand destruction caused by Hurricane Sandy.
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By Dan Murtaugh, Bloomberg |
September 7, 2012
The U.S. shale boom has driven the cost of Gulf Coast light, sweet oil to its lowest level versus Brent crude in almost a quarter century as the nation’s dependence on foreign supplies wanes.
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By Kasia Klimasinska, Bloomberg |
August 28, 2012
Rising gasoline prices and production cuts tied to a tropical storm churning through the Gulf of Mexico have some energy analysts predicting the U.S. will announce a release from its Strategic Petroleum Reserve.
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By Phil Flynn |
August 27, 2012
Wind and rain and Isaac have taken a nasty turn right into the heart of Gulf oil production. State of emergency and evacuation orders are in place along the Gulf oil and refining areas.
