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By Phil Flynn |
April 2, 2013
While manufacturing reported weakness caused a drop in oil, heating oil led a product comeback. Yet it was natural gas that quietly closed above $4.00 that was perhaps the most interesting move of the day.
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By John Detrixhe and Emma Charlton, Bloomberg |
March 25, 2013
The euro fell to a four-month low versus the dollar as the Cyprus bailout plan added to concern about the safety of the region’s bond holdings and deposits.
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By Michael P. Regan, Bloomberg |
March 25, 2013
Stocks erased gains following a report that a European official said the Cyprus bank- restructuring plan should be seen as a template for the rest of the euro region.
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By Phil Flynn |
March 25, 2013
Natural gas is still flirting with $4.00 as hedge funds are starting to realize that a major bottom may have been formed. According to CFTC data the net long position held by money managers hit a three-year high.
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By Phil Flynn |
March 21, 2013
Oil reacted to a bullish weekly Energy Information Administration report right after the Fed seemed to get out of the way.
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By Phil Flynn |
March 20, 2013
Oil is up a tad as the EU seems to not to be in a real hurry to pull the plug on Cyprus. The EU did promise to provide liquidity based on the existing rules, which is providing liquidity in the energy markets.
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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 Phil Flynn |
March 15, 2013
Natural gas surged to a 15-month high inspired by a bullish supply report from the EIA. While many attribute the surge in demand to all of the cold weather, just below the surface something much more significant is going on.
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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 Phil Flynn |
March 7, 2013
As I have been writing, the best play in energy right now is the long end of natural gas. Out target of $7.00 minimum by 2015 is now being shared by many other outlets. Welcome to the club!
