From the daily archives: Thursday, December 7, 2017

[Philip Van Doorn, MarketWatch] Wall Street sees gains of 35% to 137% for 15 companies. (Correction: Goldman Sachs raised its 2018 price target for West Texas Intermediate crude oil to $57.50, not $62.) Oil has failed to stage a sustained rally so many times, you couldn’t blame an investor from avoiding the industry altogether. But […]

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[UPI via Newsline] A rebound in GDP in the European Union and a possible cash-squeeze for U.S. shale operators pushed oil prices into positive territory Thursday. Last week, the Organization of Economic Cooperation and Development reported growth in the world’s industrialized economies was apparent, but also lopsided. Nevertheless, the economies in Europe continued to show […]

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[Jeremiah Shelor, Natural Gas Intelligence] The Energy Information Administration (EIA) reported a net injection into U.S. gas stocks for the week ended Dec. 1, a bearish miss on what was already a bearish consensus leading up to the report. EIA said in its weekly report that U.S. working gas in underground storage showed an implied […]

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The Dan Flynn Corn & Ethanol Report Yes it was 76 years ago we got our education we were going to enter the Great World War II due to the sneak attack on Pearl Harbor. It was 86 years plus that a Democratic congressman from Georgia, Carl Vinson had the vision of a fascist Germany […]

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Financials: Dec. Bonds are currently 10 lower at 153’24, 10 Yr. Notes 5 lower at 124’14 and 5 Yr. Notes 3 lower at 116’11. During the last week the yield curve between the 10 Yr. and 30 Yr. has narrowed to 38 basis points which has been reflected in the futures as the Bonds gained […]

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There is no place like home for the holiday! And based on the build in gasoline supply it looks like on Thanksgiving a lot of people did not leave home.  I am just partly kidding but it was clear that demand for gasoline fell short of near record production of gasoline and record production of […]

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