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By Dominick A. Chirichella |
June 13, 2012
Event risk will take over as the main price driver for all of the risk asset markets, including the oil complex, as the macro correlations remain very tightly linked.
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By Joe Richter, Bloomberg |
May 28, 2012
Speculators raised bullish bets on commodities before signs of Europe’s deepening debt crisis and slowing Chinese growth drove prices lower for a fourth consecutive week.
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By Joe Richter and Agnieszka Troszkiewicz, Bloomberg |
May 23, 2012
Copper fell to a four-month low in New York on concern that slowing growth in China and the risk of Greece leaving the euro signal weaker demand for the metal.
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By Moming Zhou, Bloomberg |
May 22, 2012
Crude slipped as Iran agreed to let Western nuclear inspectors into the country, easing concern that the conflict over its atomic energy program would disrupt Mideast supplies.
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By Dominick Chirichella |
May 9, 2012
From the oil complex perspective a slowing economy will result in slowing in oil demand growth and likely underperform the forecasts, including the latest one by the EIA discussed here.
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By Lukanyo Mnyanda and Emma Charlton, Bloomberg |
April 16, 2012
For the first time in seven months, traders are testing the Swiss National Bank’s determination to limit the franc’s strength against the euro as Europe’s resurgent debt crisis drives up demand for safer assets.
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By Maria Kolesnikova and Nicholas Larkin, Bloomberg |
March 30, 2012
Copper traders are the most bearish in two months after stockpiles tracked by the biggest metals bourse rose for the first time in five weeks and Goldman Sachs Group Inc. cut its recommendation.
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By Ayesha Daya, Bloomberg |
March 20, 2012
Saudi Arabia can increase crude production by as much as 25 percent immediately if needed, the country’s oil minister said, seeking to allay the concern over supplies that has driven prices to the highest in three years.
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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
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By Dominick A. Chirichella |
December 7, 2011
The market remains hostage to the evolving situation in Europe that has been unfolding once again this week as discussed above with inventory data a secondary driver