Currently viewing the tag: "Energies"

Is this a reminder of the big selloff in Oil with Greece leaving the Euro-zone, China devaluing the yuan, Saudi’s flooding the market so not to lose their market share and destroy U.S. frackers. Many of these events do not happen in 3 decades let alone 3 months but it did and the market rebounded. […]

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All of a sudden it looks like global growth is trailing off raising more concerns about oil demand. Yesterday weak data out of China and warnings for the International Monetary fund about Asian economic growth, hit oil and industrial metals. Weak U.S. factory orders also raised worries once again that the U.S. economy may still […]

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Financials: June Bonds are currently 1’02 higher at 163’08, 10 Yr. Notes 14 higher at 130’05, 5 Yr. Notes 9.2 higher at 121’00 and June 2017 Eurodollars 3 higher at 99.025. . The great international experiment of negative rates continues as Australia seems ready to lower rates. Japan has put a temporary hold on going […]

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Oil prices are falling on renewed fewer about Asian growth and talk of rising OPEC oil supply. Oil prices started to weaken after the China Caixin manufacturing PMI fell to 49.4 last month from then March reading of 49. That was the 14th consecutive month of contraction and it also fell short of market expectations. […]

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Soymeal led the charge to spike Soybeans as funds showed interest in buying Soybean Oil and covering shorts on Soymeal and the complex took notice. The Grains are trading higher across the board in the overnight electronic session. Better weather forecasted in the coming days so farmers that need to catch up on plantings will […]

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 The Nikkei extends the selloff do to the Bank of Japan’s inaction on the rallying yen prices. The selloff however did not spill over to the U.S. stocks so far. We have a busy day with reports and the rest of the week is no different. Starting at 9:00 A.M we have Construction Spending and […]

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Oil Swell. The Energy Report 5/2/16

On May 2, 2016 - 9:26 AM By

Crude oil ended the month of April with the strongest monthly gain in 7 years, adding 22% to the price. The low price caused “production destruction” and strong demand put the market on a trajectory of market balance. A study by Wood Mackenzie expects to see $91 billion in cap ex cuts across 121 upstream […]

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Rigs and Rain. The Energy Report 4/29/16

On April 29, 2016 - 9:28 AM By

Oil prices continue to rise as the market prepares for another drop in the U.S. rig count and floods in the Gulf of Mexico could slow U.S. oil imports. This comes as Exxon Mobil and Chevron report earnings and no doubt more capital spending cuts in a historic retrenchment in the oil complex. Gulfport, Mississippi […]

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A lot of news today with more earnings and with those earnings we will be watching Exxon Mobile, Chevron and Conoco Phillips which should not paint a pretty picture of the current state of the U.S. economy. While we will have scores of other earnings we also have reports at 7:30 A.M. Employment Cost Index […]

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Starting at 7:30 A.M. we start the day with 1st Quarter GDP, weekly Export Sales and Initial Jobless Claims. At 9:30 the weekly EIA Gas Storage and earnings coming in by the bushel. Speaking of bushels on the Corn front the May Corn is currently trading at 381 ½ which is ¾ of a cent […]

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Oil Rush. The Energy Report 4/28/16

On April 28, 2016 - 7:25 AM By

Oil prices surged again as U.S. oil production fell for the seventh week in a row and global central bankers seem a little more upbeat. With the Federal Reserve changing the wording removing “risks” from their statement and Japan’s central bank holding fire, the demand expectations have changed dramatically from just a few months ago […]

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Oil Sets Another 2016 High

On April 27, 2016 - 2:26 PM By

By Christian Berthelsen and Georgi Kantchev  U.S. oil prices set another 2016 high Wednesday, even after U.S. data revealed a jump in stored domestic crude stockpiles. Weekly data from the U.S. Energy Department showed an increase in stored supplies of nearly 2 million barrels. The U.S. contract dropped more than 2%, falling into negative territory […]

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