[Myra P. Saefong and Barbara Kollmeyer, MarketWatch] Oil prices ended higher Wednesday, buoyed by data from the Energy Information Administration showing strong U.S. demand for gasoline and distillates and declines in domestic supplies of the petroleum products, even as U.S. crude supplies climbed for the first time in 11 weeks. March West Texas Intermediate crude CLH8, +0.42% rose […]Continue Reading →
General Comments: US markets closed higher again yesterday in response to the dry weather in the US Great Plains. Hard Red Winter Wheat futures led the charge higher as this class of Wheat is the most affected by the Great Plains drought and the much weaker crop ratings posted on Monday by the […]
General Comments: Cotton was lower once again on follow through selling. The selling seemed to be mostly long liquidation. The weekly charts suggest that a bigger correction might be coming as futures could work lower in the short-term to find new demand. If so, the downside could be limited if the US Dollar […]
[Jessica Summers, Bloomberg] Crude slid lower after an industry report was said to show the first crude build in the U.S. since November. Futures in New York declined further after taking its biggest tumble since early December during Tuesday’s session. The American Petroleum Institute was said to have reported crude stockpiles increased 3.23 million barrels […]Continue Reading →
[Bryan Sims, Reuters] Oil prices dipped for a second straight day on Tuesday, driven by ongoing evidence of rising U.S. crude output, while wary investors sold off stocks, bonds and commodities. Brent crude futures for March delivery settled down 44 cents, or 0.6 per cent, at $69.02 a barrel after touching a session low of […]Continue Reading →
On a Full Moon and the last day of January we will be busy with several reports today, tomorrow and Friday’s Unemployment report. The Stock Market seemed to have been impressed with President Trump’s State of the Union Address and if the FED is dovish we could be hitting on all cylinders again. Along with […]Continue Reading →
War is over, if you want it, President Donald Trump in his State of the Union address once again declared “We have ended the war on American Energy-and we have ended the war on beautiful clean coal. We are now an exporter of energy to the world, as well as stating that the era of […]Continue Reading →
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