Strength in the early going yesterday suggested that market participants were drawing a measure of solace from ongoing fiscal negotiations in Washington and Brussels. But those hopes were short lived after yesterday’s NYMEX open ushered in session long selling that pushed prices back to an 89.09 settlement.… Read more
Energy OverView December 3, 2012
The financial media added to the lexicon with another laughable oversimplification of price action, characterizing movement as “cliff-on/cliff-off”. While initial post-election commentary showed some hope for resolution, subsequent statements from policymakers do not show much movement off positions staked out during the election.… Read more