Suez

Oil focuses on geopolitical risks as FOMC meets

By Phil Flynn | July 30, 2013

Oil looks heavy while the stock market is in a Fed induced stupor. A rumor overnight of a blast in the Suez Canal was denied by the Egyptian military yet is a reminder that we have seen the market put in a sizable Egyptian premium.

Markets grapple with realities of a “jobless recovery”

By John Caiazzo | July 22, 2013

The concept of a “jobless recovery” is a bad joke, and the true unemployment and “underemployed” figure is closer to 17%. The “house of cards” is going to collapse at some point and I suggest strongly the implementation of protective strategic hedging programs.

Markets swinging to the Bernanke two-step

By John Caiazzo | July 15, 2013

The “Bernanke two-step” started the markets on a collision course as his statement two weeks ago led traders to believe an end to QE was imminent. Then last week he corrected his comments by stating that the QE would continue.

Oil fights for direction as supply risks wane

By Phil Flynn | July 9, 2013

Oil had a hard time deciding whether or not it wanted to continue its upward trajectory. While Egypt continues to simmer and we saw more violence, the truth is that the fears of an immediate risk to supply seems to be waning.

Oil cracks $100 as Egypt violence adds to risks

By Phil Flynn | July 3, 2013

I have been telling my clients that for WTI crude oil to get above $100 a barrel we would need an event. Not only did Egypt's President act defiant against military demands, then we had a big drop in American Petroleum Institute's supply report.

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