Currently viewing the tag: "The Energy Report"

Giving Up Gains. The Energy Report 01/18/17

On January 18, 2017 - 8:46 AM By

Crude oil prices gave up gains after hitting a three-week high only to succumb to worries about rising shale output and stability in the dollar. Oil retreated as the Energy Information Administration released a report late in yesterday’s session that said U.S. shale output could rise by 41,000 barrels a day in the month of […]

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Commodity Crazy. The Energy Report 01/17/17

On January 18, 2017 - 8:30 AM By

Donald Trump advisor Anthony Scaramucci, the founder of SkyBridge Capital, warns of a strong dollar and the dollar drops hot inflation data in the UK has commodities going crazy. Big bullish swings in soybeans, gold and oil and a pop and drop in copper suggests that we could see a big run in many commodity […]

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Oil prices had a solid rally on evidence of OPEC production cuts and strong China demand. And while there are predictions for more record breaking demand in China, the new year is bringing disturbing Chinese export data and more tightening of capital controls and is rising some concerns about the trajectory of growth in the […]

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$50.00 a Floor. The Energy Report 01/12/17

On January 12, 2017 - 7:58 AM By

Record refining runs at 17.1 million barrels a day and proof of OPEC production cuts drove oil higher even as U.S. oil production jumped 8.9 million barrels a day, the most since April and crude oil and product supplies all spiked higher. The reversal of fortunes in the market after the Energy Information Administration (EIA) […]

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Finding a Bid. The Energy Report 01/11/17

On January 11, 2017 - 7:52 AM By

Oil prices are trying to find a bid after a strong dollar and some commodity index fund rebalancing pressured oil prices. Oil traders are still showing skepticism over production cuts even as all countries involved in the process continue to insist that they are all complying with cuts. Iraq said that it has reduced its […]

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Crude oil prices got greased on concerns about OPEC compliance and the rebalancing of the S&P GSCI index. Record December production by Iraq raised concerns that the country would not be able to reign in production even as they swear they will. Yet the selling was exasperated on reports that the S&P GSCI (Goldman Sachs […]

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Dollar Threat. The Energy Report 01/09/17

On January 9, 2017 - 7:27 AM By

Crude oil and the dollar have been generally moving in the same direction since Donald Trump was elected president. OPEC production cuts and strong US demand has offset the dollar influence on the price of oil. Oil prices and the dollar have moved together 12 other times since 1980 and when that happens, it signals […]

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Oil price reversed course after a mixed Energy Information Administration (EIA) supply report. There were also comments that Saudi Arabia is going full out and will immediately implement their 486,000 barrel a day production cut to show they are serious about compliance and to inspire other producers to do the same. The story came from […]

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Oil prices await inventory data against a backdrop of surging industrial metal prices as China juices up both stimulus spending and capital controls. This comes after OPEC’s crude production fell by 310,000 barrels a day in December and the American Petroleum Institute shocks the market for the third week in a row with a massive […]

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The oil rally seemed to get blindsided by a rising dollar index that hit a 14-year high. And a report by Bloomberg that Libya will ramp up production in the southwest and will ship 1.9 million barrels at the end of the month from the Zawiya port near Tripoli. Of course it is a shock […]

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Oil prices are springing up into the New Year as signs that OPEC will comply with production cuts is giving the market a boost. This rise comes despite a dollar index that once again is challenging 13 year highs. We had another re-opening massacre for natural gas on a questionable change in the weather forecast […]

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Should auld bear markets be forgot and never be brought to mind. Should auld bear markets be forgot, and a new year with bullish signs! Never mind a bear market for oil as it posts an impressive gain going into the New Year, breaking its two-year losing streak. Crude oil is on track for its […]

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