Category: The Energy OverView

– No matter how it is sliced or diced, commodities are about real “stuff” that consumers and businesses use. If there is dwindling usage the price has got to go down. The economy is slowing there is no doubt about it.… Read more

Oil rose yesterday in an active market that produced an almost $4.00 range top to bottom. Post-settlement prices fell almost a dollar after Moody’s cut of Ireland’s credit rating to junk status pressured the euro to the benefit of the dollar.… Read more

We have seldom seen a more inconclusive market as crude oil yesterday. Even though a new low for the move down from 104.00 was struck, selling momentum stopped dead at 97.74. The key correlation was the dollar. As the dollar moves lower, oil moves higher.… Read more

It’s all about Egypt this morning. However crude oil prices have surrendered some gains since opening in the Far East last night. March crude oil had posted a 9087 high early in the session has pulled back to just under 90.00 as of this writing.… Read more

The march lower continued yesterday, opening up some new territory below the trend channel in a poorly attended, weather-shortened, session. Good neighbor OPEC again blames “disconnected” prices and not a shortage of crude for current levels. In a sign that the group was disinclined to ramp up production, the OPEC Secretary-General said that he was “100 percent certain” there was no shortage of oil in the market.… Read more

After posting it’s highest settlement since October 3, crude futures are lower this morning. The weekly jobless claims took some of the strength out of the markets, as the employment picture remains weak despite occasional sign of renewal. Oil has started to flow through the Alaska oil pipeline at two-thirds its customary rate…