Posts by: Phil Flynn
New York (awp/afp) – oil prices opened down Wednesday in New York, in a market on guard before the release of weekly inventory of black gold to the United States and a speech eagerly awaited by the boss of the U.S. Federal Reserve (Fed), Ben Bernanke. To 13 H 10 GMT (15:10 CET), a barrel [...]
Continue Reading →The Clouds of Ben Bernanke We have heard from a ton of Fed officials in recent days but now it is Bens turn. The market has been torn trying to decipher just when the Federal Reserve will start to back off asset purchases. Of course the policy more than likely will be one where the [...]
Continue Reading →Natural gas futures advanced to the highest settlement price in almost three weeks on forecasts for above-normal temperatures that would boost demand for the power-plant fuel to run air conditioners. Gas gained 0.9 percent after Commodity Weather Group LLC in Bethesda, Maryland, predicted warmer-than-average weather in the Northeast and Great Lakes region through May 24. [...]
Continue Reading →Natural gas soars as gas exports are probably going to happen a lot faster than many thought and pain at the pump is back as refinery woes mess up the trend of lower prices. On Friday, Reuters News reported “The Obama administration opened the door to a new era of U.S. energy exports on Friday, [...]
Continue Reading →SAN FRANCISCO (MarketWatch) — Oil futures rose on Monday, buoyed by weakness in the U.S. dollar and optimism about the outlook for energy demand. Crude oil for June delivery gained 69 cents to end at $96.71 a barrel on the New York Mercantile Exchange. The contract on Friday rose 86 cents to $96.02 a barrel [...]
Continue Reading →Getting Closer to the Top With gold and silver capitulating and treasuries yield rinsing oil will have to balance the bearish implications of the Fed taking about an exit strategy versus the disinflation that is now plunging Europe. With the Chicago Federal Reserve President Charles Evans saying that while monetary policy is right now but [...]
Continue Reading →Gas Natural Gas soars as natural gas exports are probably going to happen a lot faster than many thought and pain at the pump is back as refinery woes mess up the trend of lower prices. On Friday, Reuters News reported “The Obama administration opened the door to a new era of U.S. energy exports [...]
Continue Reading →Prescription by Dr S&P with Marc Nemenoff [PRICE Links Video Series]- Recorded on: 5/17/2013 Prescription by Dr S&Pwith Marc Nemenoff [PRICE Links Video Series] – Recorded on: 5/17/2013 Contact Marc at (888) 908-4310 or mnemenoff@pricegroup.com. Also, subscribe to The Nemenoff Report at http://www.pricegroup.com/commentaries_marc%20nemenoff.asp. View All of the PRICE Links Videos The PRICE Links Video [...]
Continue Reading →Gasoline Oxy Morons Against a back drop of risng supply and a murky economic backdrop, RBOB gasoline rises up out of the ashes. Ok maybe not ashes but rising on refining and pipeline issues as we get ready to top off the tank for the upcoming kickoff to the summer driving season. Just when things [...]
Continue Reading →Look Out Below Oil prices are falling despite a late day surprising dead cat bounce as oil inventories and weak industrial data weighs on the market outlook. Of course a risng stock market gave bulls some hope along with nonexistent producer price inflation but from a preponderance of data and rising global inventories the rally [...]
Continue Reading →Natural gas futures rose to a two-week high in New York on forecasts for a heat wave to spread across the U.S., boosting cooling demand. Temperatures in central and mid-Atlantic states will be higher than average through May 20, Commodity Weather Group LLC in Bethesda, Maryland, said today in a note to clients.Cincinnati will reach 93 degrees [...]
Continue Reading →Euro Growth or Lack Thereof Oil is sinking on demand concerns as Europe looks like it is getting more deeply mired in recession. While Germany had some growth, France is going back into recession. Over all, the Eurozone saw growth fall for the longest recession since the EU was founded. Obviously this does not bode [...]
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