Energy Overview — TotalView™ of the Energy Markets
ALERT: ECONOMC STRENGTH UNDENIABLE AS DATA FLOW IN
| Contract | Month | Last | Change | BIAS | Comment |
| Crude Oil | January | 97.35 | .15 | Higher | Market breaks out to the upside. |
| Natural Gas | January | 3.996 | .036 | Higher | Early season cold weather sufficient to spark and sustain rally. |
The Brent-WTI spread has whipped around so much, lately, that it may be the latest “safe” spread trade to take on the “widow maker” moniker. Yesterday, it narrowed by more than $2.00 per barrel, feeding off the weekly US inventory report, which showed a 5.6 million barrel decline.… Read more
WTI oil prices spiked, yesterday, on a delayed reaction to the news that the Keystone pipeline’s southern leg will begin carrying 700k bpd from Cushing to the Gulf, starting January 3rd. Prices rose further in early-evening trading, on a report from the API that crude oil inventories plunged 12 million barrels for the week.… Read more
Oil prices got a lift, yesterday, not just from the solid verdict on global manufacturing, but also from some geopolitical developments that raised everyone’s antennae over energy security. In Ukraine, the protests against the government’s rejection various deals with Europe, preferring the embrace of the Russian Bear (a.k.a.… Read more
Crude oil prices remain listless, hovering near $93 for WTI, and below $110 for Brent. There was another flare-up in Libya, late last week, which lent support to prices, but it seemed to do more to halt the renewed slide rather than stoke a reversal.… Read more