WTI oil prices snapped back, yesterday, due to a steep sell-off in the US dollar and another round of alleged plans by Russia and OPEC to meet and come together on oil output policy. The former effect was real. Dollar-denominated commodities like oil cannot escape the pull of a major move in the dollar.… Read more
Energy Overview February 3, 2016
Markets remain volatile, reversing gains that occurred in the aftermath of the aggressive by the Bank of Japan.
… Read moreEnergy OverView February 2, 2016
Oil prices return to selling mode, as hopes for a production are dashed. There is no agreement at-hand for a coordinated production cutback.
… Read moreEnergy OverView February 1, 2016
Another set of poor economic data out of China is set to rock the US markets and cause oil prices to resume their plunge.
… Read moreEnergy OverView January 29, 2016
The Bank of Japan launches a negative interest rate policy, and the markets are cheering, even oil, which will certainly benefit from more cheap money and central bank stimulus. The Asian currency war is on.
… Read moreEnergy OverView January 28, 2016
The Federal Reserve tried to reassure the markets that they are watching global developments and the impact of falling oil prices.
… Read moreEnergy OverView January 27, 2016
OIl prices rally, as hopes for a production cutback accord rise.
… Read moreEnergy OverView January 26, 2015
A rout in Asian stocks has failed to carry over, and even oil prices are rebounding from the sub-$30 level on increased, if you can believe it, glut fears.
… Read moreEnergy OverView January 25, 2016
Last week’s rally appears short-lived,as the selling pressure has returned, especially in oil.
… Read moreEnergy OverView January 22, 2016
Oil prices are staging a relief rally on the back of central bank stimulus hopes and a very crowded (record short position) trade.
… Read more