From the daily archives: Wednesday, February 7, 2018

 The global markets are still in astonishment how the correction in the market looking like we were headed into the abyss and with yesterday’s action just left global investors scratching their heads. We corrected and sold off on positive news and if it was negative news, “Katy Bar the Door!” All signs are still showing […]

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[TodayOnline] Oil fell for a third day on Tuesday as the U.S. dollar rose to its highest in more than a week in the wake of a sharp sell-off early this week on Wall Street and other stock markets. The crude market remains in positive territory for the year however, even after Wall Street stocks […]

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Oil Tumbles on EIA’s US Supply Outlook

On February 7, 2018 - 8:01 AM By

[George Orwell, DTN]  New York Mercantile Exchange spot-month oil futures ended lower for the third straight day Tuesday. This was due to concern over an outlook calling for higher U.S. crude oil supply and production, with investors also keeping a close eye on volatile equities trading and a stronger U.S. dollar. “Crude prices were weak […]

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Oil prices are shaking off the stock market turmoil and now focusing on a surprise drop in weekly supply, as reported by the American Petroleum Institute (API). Yet, with the rebound in stocks and a reduction in fear and turmoil, why wasn’t oil higher? Well perhaps because of a report from the Energy Information Administration […]

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