Bernakamania! Fed Chairman Ben Bernanke does his best impression of a one handed economist. On One Hand Ben sends gold and stocks soaring by saying that a premature tightening of monetary policy could lead interest rates to rise temporarily but would also carry a substantial risk of slowing or ending the economic recovery and causing [...]

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 [...]

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 [...]

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 [...]

FED X-IT. The oil market got heavy as word of a possible story of a FedX-it started to permeate the trading floor on Friday. And sure enough the Wall Street Journal soon published an article by Jon Hilsenrath that said  “ Federal Reserve officials have mapped out a strategy for winding down an unprecedented $85 [...]

Benchmark Bingo! Who said the WTI contract was dead as a global benchmark. Not me that is for sure. The WTI once again is establishing itself as the global benchmark for oil as progress is being made in getting the infrastructure in place to take advantage of the US oil boom. The WTI/Brent oil spread [...]