Rising Oil Prices Don’t Look Like They Are About To Stop - March 6, 2022 18:10

Oil prices are souring and don’t look to be stopping. As sanctions hit Russia, the second-largest exporter of oil in the world, after its invasion of Ukraine, a global search for crude oil spare barrels is under way. However, don’t be surprised if Saudi Arabia doesn’t step in to help. The kingdom could reduce global […]

Oil Ends Week Near Lows, S&P Levitates - April 20, 2013 0:56

Let it not be said that the Federal Reserve is not dogged in their pursuit of market conditions that it deems as necessary.  Strategic commodities like oil and copper were pummeled this week and in previous weeks while the equity market on, frankly, horrific early earnings reports, continues to levitate.  With today being options expiration […]

Energy Prices Rise to Begin Q2 - April 1, 2013 22:40

The first quarter of 2013 were a complete roller coaster ride in the energy space.  We saw U.S. gasoline futures de-couple from Brent crude prices on RIN speculation and natural gas prices close the quarter back over $4.00 per million BTUs for the first time in nearly 2 years.  Quietly, with the continuing saga unfolding […]

Crude Oil Gains on Supply Uncertainty - October 10, 2012 23:51

Crude oil futures gained on Tuesday despite stronger US dollar as investors were concerned over global oil supplies on threat of Syrian conflict may be spreading to other mid eastern countries. Moreover, the move of China for tackling slower growth in their economy also boosted the investors’ sentiment. On Tuesday, the People’s Bank of China […]

Crude Oil Declines on Global Demand Uncertainty - October 9, 2012 23:58

Crude oil futures declined on Monday as investors remained uncertain over global demand of oil in reaction to slow Chinese economic growth. The World Bank on Monday reduced its growth forecasts for the East Asia and the Pacific region which created concerns over economic activity in the regions. The World Bank also indicated that Chinese […]

Crude Oil Volatile on Weak Economic Data - September 6, 2012 23:56

Crude oil futures slightly gained on Wednesday after volatile session due to weak macroeconomic data, while on the positive side investors were hoping for decrease in oil inventories data. Investors were pessimistic after the decline in US manufacturing data which fell for the third consecutive month. The euro zone’s Markit purchasing managers’ index also turned […]

EIA Reports Increase of 3.8 Million Barrels in Oil Stockpiles - August 30, 2012 23:51

Energy Information Administration released its inventories report on Wednesday according to which crude oil supplies jumped by 3.8 million barrels for the week ending August 24th, 2012. On the other hand American Petroleum Institute reported much higher increase in oil supplies a day earlier in its report. Analysts on average were expecting the decrease of […]

EIA Reports decrease of 4.3 Million Barrels in Oil Supplies - July 6, 2012 23:49

Energy Information Administration released its inventories report on Thursday according to which crude oil inventories declined by 4.3 million barrels for the week ending June 29th, 2012. Analysts on average expected the crude oil supplies to fell by 2 million barrels. EIA also released its data on gasoline inventories which increased by 200,000 barrels for […]

EIA Report Increase of 2.9 Million Barrels in Oil Inventories - June 21, 2012 23:51

The Energy Information Administration on Wednesday released its inventories report according to which crude oil supplies increased by 2.9 million barrels for the week ending June 15th, 2012. Analysts on the other hand analysts on average forecasted the decrease 600,000 barrels for the respective week. The EIA also reported the increase of 900,000 barrels in […]