Energy OverView February 8, 2013

WTI prices fell, yesterday, after, climbing above $97. Brent crude oil continued its climb, however, and is now above $118. The Brent-WTI spread dynamic is still very much at work. The latest news impacting the spread was news that BP’s Whiting Indiana refinery restart would be delayed again.… Read more

Energy OverView February 6, 2013

The real price action in the oil market right now is being driven by the dynamics of inland US oil production, and the infrastructure vagaries. The Seaway pipeline reversal was supposed to liberate stranded mid-continent barrels and reduce the price spread between Brent crude and WTI.… Read more

Energy OverView February 4, 2013

While most markets are lower this morning, crude oil has its own narrative. The geopolitical premium is ebbing as a result of Iran’s cautiously positive reaction to statement by Vice President Biden, last week, that direct, bi-lateral talks were possible between the two countries.… Read more

Energy OverView February 1, 2013

Brent crude oil prices have been surging on the rising geopolitical tensions and the dynamics of the Brent-WTI spread over internal US pipeline machinations. Brent topped $116 on news of bombing at the US embassy in Ankara, Turkey. The Israeli airstrike in Syria also raised the security premium.… Read more