Currently viewing the tag: "Energies"

As the economy is rolling along after 1 year of action taken cutting Federal regulations and Tax cuts booming employment the politicians still don’t get it. These deceivers who were voted in to defend the Stars & Stripes are putting non-U.S. citizens above U.S. citizens and the most appalling part our military.  It is plain […]

Continue Reading

Explosive. The Energy Report 01/19/18

On January 19, 2018 - 8:37 AM By

The International Energy Agency came out with an “explosive” report talking about “explosive” production growth as the United States will become the undisputed leader in global oil production. Take that Saudi Arabia and Russia! The agency that is known by traders as the agency that has way under estimated, is now proclaiming the U.S. as the […]

Continue Reading

We start off this Thursday with Housing Starts & Permits and Export Sales at 7:30 A.M. EIA Gas Storage at 9:30 A.M., EIA Energy Stocks at 10:00 A.M. and Dairy Product Sales at 2:00 P.M. The story in today’s market is jobs are flourishing and companies that moved out of the U.S. to avoid the […]

Continue Reading

Financials: Mar. Bonds are currently 23 lower at 149’19, 10 Yr. Notes 6 lower at 122’15 and 5 Yr. Notes 2 lower at 115’08. The long Dec. 2018/short Dec. 2019 Eurodollar spread has widened from last weeks 21 points premium the nearby to 23 points approaching my objective of 25-26 points premium the Dec. 2018. […]

Continue Reading

Now you see it. Now you don’t. Presto, change-o the U.S. oil glut has disappeared. Low oil prices and a booming global economy has caused the biggest oil glut in history to disappear before your very eyes. The American Petroleum Institute reported another massive 5.121 million barrels drop in U.S. crude supply dragging stockpiles back to […]

Continue Reading

We jumpstart the day with Capacity Utilization and Industrial Production at 8:15 A.M. and API Energy Stocks at 3:30 P.M. delayed a day due to Monday’s holiday. I am expecting a draw in Crude Stocks of 2 million barrels. On the Corn front the market continues to move nowhere fast. In the overnight electronic session […]

Continue Reading

[Myra P. Saefong, MarketWatch] Oil prices finished lower Tuesday, pulling back from three-year highs as traders awaited data due later this week on U.S. crude supplies and production. February West Texas Intermediate crude CLG8, -0.20%  fell 57 cents, or 0.9%, to settle at $63.73 a barrel On the New York Mercantile Exchange. Prices had settled Friday at $64.30, the highest […]

Continue Reading

The Energy Information Administration(EIA) releases another EIA Drilling Activity report that raises its estimates for shale oil production without considering the realities on the ground. According to the report, EIA says that U.S. shale oil production will increase by 111,000 barrels a day to 6.55 million barrels a day in February next month and that production […]

Continue Reading

The Grain report is behind us and the harvest in South America will be in the forefront shortly just as pitchers and catchers will be reporting for duty and we will be talking planting intentions here in the Good Ol’ USA. Has the market priced in bearish news? Does are carryover ever replenish the global […]

Continue Reading

Brent Crude crashed through $70 a barrel and WTI just shy of $65, shattering another glass ceiling many oil bears said was impossible to ever see. This came as OPEC said it has no intentions to relent on production cuts and overshadowed rising rig counts. Even as the market gets a little turn around Tuesday […]

Continue Reading

We kickoff this Friday and long weekend with the Martin Luther King holiday with Business Inventories, Consumer Price Index (CPI) and Retail Sales at 7:30 A.M. In the big picture investors are chomping at the bit to see if there is light at the end of the tunnel with Crop Production, Grain Stocks, USDA Supply/Demand […]

Continue Reading

Oil prices pulled back after Brent Crude hit its $70 objective and Chinese crude oil imports hit a record high but was a bit shy of expectations, but still strong as global demand is surging, global supply is falling and then there is the dollar. The dollar index hit the lowest level since September and […]

Continue Reading