Energy Overview — TotalView™ of the Energy Markets
Last week’s rally appears short-lived,as the selling pressure has returned, especially in oil.
Oil prices are staging a relief rally on the back of central bank stimulus hopes and a very crowded (record short position) trade.
Markets take another dive. Falling oil prices are getting the blame, but aren’t they reacting to the same poor data that equities are seeing? Read more in the Energy OverView.
US markets fully re-open and are on the rebound as market dodges bullet from China. GDP was not even worse than expected.
Iran oil exports are set to surge by over 20% this month versus December, adding to the global glut woes, cratering oil prices below $30 in the process.
A temporary lift for oil prices, as the market assesses all the bad news that has hit it this week.
Gasoline inventories surge higher, setting up market for prices to crater. Good news for drivers, even in California.
WTI oil prices set to break below $30, as oversupply concerns continue to grow.
This post originally appeared on CNBC.com. In it, we argue for an oil industry bailout, to preserve the valuable resources that have been developed to preserve the U.S.’s strong energy position versus Russia, OPEC, and others.
Chinese equity markets sell-off over 5% again, but only crude oil is following along. US and European equities are posting gains, trying to separate from the Asian contagion.