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America’s Oil Storage Hits Another Record

America’s oil in storage just hit another record after rising for the 11th consecutive week. Stockpiles rose 8.2 million barrels, or 1.8 percent, to 466.7 million barrels last week, the EIA reported today. Analysts had expected an increase of 4.75 million barrels. The amount of oil the U.S. is cranking out also edged up slightly, […]

Dollar Staves Off Another Reversal Risk

Talking Points: Dollar Staves Off Another Reversal Risk Euro Focus Turning from QE Back to Greece British Pound Stumbles After Inflation Stalls for the First Time Dollar Staves Off Another Reversal Risk The Dollar took another stab at turning its eight-month bull trend this past session. However, this time around, there wasn’t a FOMC rate […]

Oil Falls to $55 as Saudis Keep Pumping

Oil prices declined on Monday, holding near $55 a barrel after Saudi Arabia indicated it was now pumping near a record high of 10 million barrels per day, adding to concerns of global oversupply. Saudi Arabia has stood firm on output, saying it would only consider cutting it if other producers outside OPEC also joined. […]

OPEC Official: Oil Prices Won’t Rebound to $100

Oil prices won’t rebound to $100 a barrel because increased prices would draw more shale and other output from higher-cost producers to the market, said Mohammed al-Madi, Saudi Arabia’s governor to OPEC. “I think it will be difficult to reach $100 or $120 another time,” al-Madi said at a conference in Riyadh on Sunday. “This […]

BIS Warns About Oil Sector’s High Debt and Low Prices

A toxic mix of high levels of debt in the oil sector and the sharp decline in the price of the commodity could have far-reaching effects on the global economy, economists at the Bank of International Settlements (BIS) warn. New research from the BIS, known as the central bank of central banks and one of […]

Dollar Volatility and Trend Risks to FOMC Decision Very Different

Talking Points: Dollar Volatility and Trend Risks to FOMC Decision Very Different Euro Stimulus Put Immediately to the Test as Greece Troubles Simmer New Zealand Faces GDP and the Market’s Monetary Policy Forecasts Dollar Volatility and Trend Risks to FOMC Decision Very Different It is finally upon us. The Federal Open Market Committee’s (FOMC) March […]

Oil Ends Lower Expecting Supply Glut Reports

U.S. oil futures marked a loss for the sixth session in a row on Tuesday, holding ground at a six-year low as traders bet that coming reports will show another weekly increase in crude-oil supplies. Crude oil for delivery in April CLJ5, -1.82% lost 42 cents, or 1%, to settle at $43.46 a barrel on […]

OPEC: Low Oil Prices To Hurt U.S Output Late 2015

U.S. oil output could start to take a hit by late 2015 due to low prices, OPEC said on Monday, suggesting the exporter group will have to wait beyond its next meeting in June to see if its strategy to defend market share will dent the shale oil boom. The halving of oil prices since […]

UK Oil and Gas Companies to Add 8,000 Jobs

UK oil and gas companies expect to create thousands of jobs over the next two years despite the dramatic slide in oil prices. A Bank of Scotland oil and gas report found that 39% of respondents said the price falls had affected investment. However, when the estimates of net job gains and losses were collated, […]

India’s Economy Riding Low Oil Price Boost

India’s economy is on a tear at the moment and, if the International Monetary Fund (IMF)’s forecasts are correct, the country could grow faster than China next year. But could one of the factors helping growth—commodity prices—spoil India’s ride? A combination of low commodity prices, strong demographics and new leadership in government and the central […]

Oil Rebounds From Month Low

Brent crude rose to $57 a barrel on Wednesday, rebounding after hitting a one-month low as a surprise drop in U.S. oil stocks overshadowed a rally in the dollar and global oversupply. Brent for April delivery LCOc1 hit a one-month low of $55.92 a barrel before recovering to trade up 62 cents at $57.01 a […]

Dollar Extends 11 Year Highs, Equities Tumble…It’s Not a Coincidence

Talking Points: Dollar Extends 11 Year Highs, Equities Tumble…It’s Not a Coincidence Euro Traders Have to Worry About Greece Again New ZealandDollar Faces RBNZ – Will They Follow RBA, BoC? Dollar Extends 11 Year Highs, Equities Tumble…It’s Not a Coincidence Over the past months, the Dollar and US equities have developed an unusual positive correlation. […]

Oil Drops Below $60 as Inventories Rise

German exports fell by the largest amount in five months in January, dropping more than forecast and putting a slight damper on the outlook for Europe’s largest economy, though economists said a weak euro and cheap oil would help in the months ahead. Seasonally-adjusted exports decreased by 2.1 percent on the month after a sharp […]

Higher Volatility Driving Investing Into Oil Funds

Billions of dollars are pouring into oil exchange-traded funds as investors, many of them small savers more familiar with stocks than commodities, risk big losses and focus on the chance of huge rewards. Five of the biggest oil ETFs have seen their assets more than quadruple since July to $5.4 billion as the oil market […]

WTI Crude – Remains Range Bound After EIA Release

WTI crude has been range bound for more than a week now in a sign that prices have finally stabilised. The lower end of the range can be found around $47.85 – $48 while the upper end of the range can be found around $50.70. Over the last few trading sessions, it appeared to find […]

Dollar Holds its Range as Traders Look to SPX and NFPs as Loaded Catalysts

Talking Points: Dollar Holds its Range as Traders Look to SPX and NFPs as Loaded Catalysts Euro: Is There More Easing from a Well-Priced ECB Stimulus Program? Australian Dollar Refuses to Break 0.79 Despite RBA Hold, Data, China Improvement Dollar Holds its Range as Traders Look to SPX and NFPs as Loaded Catalysts Event risk […]

As Demand Grows, Saudis Boost Oil Price to Asia Most in 3 Years

Saudi Arabia, the world’s largest crude exporter, increased the pricing terms for Arab Light sold to Asia by the most in three years as demand improved. State-owned Saudi Arabian Oil Co. said Tuesday it will sell cargoes of Arab Light in April at 90 cents a barrel below Asia’s regional benchmark. That narrows the discount […]

West TX Oil Steady near $49.50 Ahead of U.S. Stockpile Reports

Crude oil prices gained marginally in Asia onb Tuesday ahead of U.S. industry data on supplies that will set a tone. The American Petroleum Institute will release its estimate of U.S. crude, distillate and gasoline stockpiles last week, with more closely watched data from the U.S. Department of Energy due on Wednesday. On the New […]

Brent Oil Rises Above $61

Brent crude oil prices were poised on Friday for their biggest monthly gain since 2009, lifting the outlook for the battered commodity. U.S. crude oil was set to end February with its first monthly rise in eight months, with signs of a pick-up in Chinese demand and supply outages in the North Sea lifting sentiment […]

West TX Oil Down Near $48 on Rising U.S. Inventories

Ample global supply and increasing U.S. commercial inventories weighed on U.S. crude prices on Thursday after expectations for better demand going forward lifted prices a day earlier, traders and analysts said. U.S. crude settled 5.5 percent lower, or $2.82, at $48.17 a barrel, following a more than 3 percent gain in the previous session. Brent […]

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