Morning Crude Oil Market Report 9/14

By Roger Baettig | September 14 2012 10:04 AM

October crude oil prices traded higher during the initial morning hours and eclipsed the $100.00 mark in the process. There appeared to be a number of positive catalysts working in crude oil's favor, including a favorable shift in risk-taking sentiment following yesterday's Fed decision, a new four month low in the US dollar and ongoing tensions in the Middle East. The new round of Fed quantitative easing was seen by the market as an aggressive maneuver expected to stimulate economic growth, bring down unemployment and fuel the threat of higher inflation. Some traders were also growing concerned regarding riots in Cairo and more protests in Yemen and Egypt, and that seemed to inject a modest fear premium into the market.

Sponsorship Link

View All Market Commentary

*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.