Friday, March 12, 2010
Oil prices are on the rise again as the International Energy Agency is the latest forecaster to increase their expectations for China oil demand. Yet the IEA went far beyond just increasing demand expectations for China they said that the demand growth that we have seen so far is astonishing.  The IEA [...]

Thursday, March 11, 2010
HOT! HOT! HOT! Inflation in China may be getting too hot to handle! Don’t touch or you could get burned. Could emerging China bubbles turn the commodities bull market into rubble? China’s inflation rate for consumer prices came out at a much hotter than expected 2.7 percent. That was sizzling compared to [...]

Wednesday, March 10, 2010
It looks like the API is playing catch up to the Department of Energy. A massive crude build according to the American Petroleum Institute, along with big product draws is going to keep the oil market on edge.
The API released another shocker when they said that US oil inventories increased by an [...]

Tuesday, March 9, 2010
Oil prices are under a bit of pressure to start the day as attention turns again to the forex markets. Comments from China about their currency and their foreign exchange reserves are capturing the attention of traders across the commodity spectrum. Is it possible that the Chinese are on the verge of [...]

Monday, March 8, 2010
All is well. One dose of a better than expected jobs report and all our troubles just go away. Traders fearful that snow storms would have added to the countries employment woes were pleasantly surprised when Friday’s employment report seemed to suggest that it’s not quite as bad as feared. The February [...]

Friday, March 5, 2010
It is almost been a year since the day the oil market was changed forever. After collapsing in a heap of deflationary despair, oil was saved by what could only be described as a historic government intervention. It was the day that the US Federal Reserve changed the world by printing more [...]

Thursday, March 4, 2010
Who knew Greek austerity would feel so darned good. Oil prices soared on the backs of a surging euro dollar as the market seems to want to put Greece’s problems behind them. The euro became cool again at the expense of the greenback sending gold, silver and oil higher. Or maybe it [...]

Wednesday, March 3, 2010

Oil traders may need a stiff drink after the wild end to yesterday’s trading session. Something strong like 80 proof or at the very least, proof that oil can close above 80. Oil prices failed to remain in octogenarian territory after a slow, relentless creeping rally that rejected a test of $81 [...]

Tuesday, March 2, 2010
You’ve got to accentuate the positive, eliminate the negative and latch on to the affirmative, don’t mess with Mister In-Between. Oil tried to rally. It really did. It tried to ignore that pesky Mr. In-Between, a place where it seems the market is most comfortable. Oil rallied even as the dollar soared [...]

Monday, March 1, 2010

In like a lion and out like a lamb? Ok, I know it is a tired cliché about the month of March but probably apropos for the energy and stock markets. Last week’s blistering hot GDP at 5.9% coupled with some strong data out of the Euro zone this morning has the [...]

Thursday, February 25, 2010
Is Ben Bernanke losing his influence over the Energy Market? Oh sure bleak Ben told the market yesterday that interest rates would stay low for infinity and that the economy was not ready for the training wheels you come off but his words seemed to lack the wallop that his words had [...]