Crude oil traders not only have to grapple with the aftermath of Janet Yellen but also with more storms that could impact both supply and demand. This comes after hedge funds, who started the month with a record short position, have now turn around into a record long position. While tropical wave 99L had well […]Continue Reading →
The Detroit News.
Low oil and natural gas prices are proving to be a short-term ally for environmentalists and consumers but a job killer for the industry as new drilling slows in Michigan. The state is on pace to issue its fewest number of drilling permits in almost 90 years, while the amount of […]
Oil and natural gas will be looking to deal, not only with watching the weather but also watching Janet Yellen in Jackson Hole, Wyoming. This as the market saw movements from the Saudi Oil Minister and trying to measure the risk of fallout from increasing tensions with the U.S. and Iranian military. Let’s talk storm […]Continue Reading →
The National Hurricane Center is warning that interests in the northwestern Bahamas and Florida should monitor the progress of a tropical wave disturbance known as Invest 99-L and already there are signs in the oil market that oil companies are heeding the warning. Strong product buying on the Gulf Coast ahead of what could be […]Continue Reading →
Dave Tolleris meteorologist at WxRisk.com said that next week we will have a storm that everyone might be talking about. While the Atlantic is a hot bed of tropical activity, Mr. Tolleris is very concerned about the development of Invest 99-L that may developing into a tropical depression or tropical storm today. If the storm is upgraded, […]Continue Reading →
Myra P. Saefong, MarketWatch. Crude-oil futures settled higher Tuesday after a report indicated that Iran has shown willingness to work with other major crude producers to support the market. Prices had been trading lower as optimism for a production freeze faded and expectations of a ramp up in Iraqi and Nigerian production grew, but a […]Continue Reading →
Nicole Friedman, The Wall Street Journal. U.S. oil prices slipped Monday, snapping a seven-session winning streak, on expectations of increased production and a stronger dollar. U.S. crude for September delivery settled down $1.47, or 3%, at $47.05 a barrel on the New York Mercantile Exchange. The September contract expired at settlement Monday. The more-actively traded […]Continue Reading →
Oil prices ended their best surge in 4 years in spectacular fashion as oil chose to focus on what seemed to be bearish fundamentals. The bear case yesterday was an agreement with Iraq and the Kurds who would soon get oil flowing and a potential ceasefire in Nigeria. Add to that the calendar puts us […]Continue Reading →
Rising US gas exports and increased demand from the power generation sector could drive long-term gas demand and prices higher. Gas prices have received a boost this summer from extreme heat, a surge in power sector demand and small injections into gas storage. But those near-term factors will not be the key factors driving gas […]Continue Reading →
After the best weekly oil run since last April, it is time to let off some steam. Oil is pulling back as the record short speculative position that we saw a few weeks ago has been beaten out of the market in spectacular fashion. The crude oil market starts a pull back as the dollar […]Continue Reading →
David Wethe and Rachel Adams-Heard (Bloomberg). Shale drillers are adding the most oil rigs since crude was worth $100 a barrel as confidence that OPEC may finally agree to freeze output pushed futures into a bull market. U.S. producers have put 76 oil rigs back to work for eight weeks, the biggest and longest increases […]Continue Reading →
SubscribeReceive daily summaries of all Market Insights blog posts.
Enter email below.
Most Recent Posts
- Morning Grains. 08/29/16
- Morning Softs. 08/29/16
- Metals/Energies/Live Cattle/Bonds & Notes
- Active Hurricane Season Today is Katrina’s Anniversary. The Corn & Ethanol Report 08/29/16
- Storming Into a New Week. The Energy Report 08/29/16
- Cheap prices halt Mich. drilling, kill oil, gas jobs
- Deliveries Reminder for Metals/Energies/Gov Bonds/Long Gilt/Grains/Live Cattle/Bonds & Notes
- FED Talk & GDP All the Rave Today. The Corn & Ethanol Report 8/26/16