
Inventory induced hysteria. Oil prices surged to their highest prices since June as the stock-market and petroleum complex responded to an Energy Information Agency oil inventory shock drop of 8.4 million barrels. (Aug 20, 2009 9:39AM)
It is one thing to be optimistic about an economic recovery and another thing to be giddy about it. Oil and petroleum prices surged on what most people say is a reaction to a rebounding stock market and a sudden case of economic enthusiasm. (Aug 19, 2009 10:44AM)
Oil moved with the market's massive mood swing as it tried to determine just where we are in the economic recovery. A weak stock market and a flight to quality helped shore up the dollar and in turn took its toll on the commodities. (Aug 18, 2009 8:50AM)
Where did all the economic optimism go? Just a week ago we were celebrating the end of the recession and now we look like we are running for cover.Banks have been failing like crazy yet the Colonial Bank failure late Friday afternoon, on top of sinking consumer confidence and retail sales, was a rem... (Aug 17, 2009 9:21AM)
A daring leap sideways: In these times of economic uncertainty, the global oil market continues to boldly go where long time bulls, bears and trend followers fear to go, sideways. Where is the action, people? Wake up! Bulls are frustrated, bears are frustrated and those pesky day traders are having ... (Aug 14, 2009 9:17AM)
Leveling out has never felt so good. Whether you where looking for the Fed to announce a clear end or an expansion of quantitative easing in yesterday's eagerly anticipated Fed Statement, you really did not get either. I guess what you really got is a quantitative ease off. (Aug 13, 2009 2:15PM)
What, me worry? Never! Oil Prices close below $70 and now the price of oil seems to be headed back down. Was there ever a doubt? Ok fine!I admit it! When I predicted that oil prices had peaked for the year in early July, I admit I was sweating it.Oil prices seemed to get a new lease on life as a sur... (Aug 12, 2009 9:16AM)
The oil market is trying to find an identity in a marketplace that lacks conviction. Overnight we gotmixed news out of China as their exports fell for the ninth month in a row disappointing some and excitingothers who are in the China bull commodity camp. (Aug 11, 2009 9:23AM)
For weeks we have been hearing that oil has been rallying on signs of economic recovery. If we got good economic news then oil would rally. If the news was bad well then oil would fall. Yet after one of the more surprising unemployment reports in recent memory oil failed to join in the economic opti... (Aug 10, 2009 9:16AM)
As I write stocks are coming in weaker and the U.S. Dollar is steady to lower. Meanwhile the December Corn had a continuation of Thursday's slide. The December Corn was off another 1 1/2 cents at 338 3/4. (Aug 07, 2009 9:09AM)
Wet barrels dry barrels dry barrels what does it matter? Sometimes you need to focus on liquids and other times you have to focus on liquidity. Liquids things you can see or you can look to the obscure massive amounts of liquidity that continues to be pumped into the system to keep the economy afloa... (Aug 06, 2009 9:01AM)
The Ships didn't come in. Where did all the oil buyers and imports go? Consumers were making less and spending a bit more and pending home sales shot up the oil market did not know quite what to make about it. Consumers ships obviously have not come in but it seems neither did the some of the oil ta... (Aug 05, 2009 11:28AM)