This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street…
This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street…
Even if the US threat of a potential military intervention in Syria is just a bluff, it is already doing damage to the global economy. Brent crude just broke through $117/barrel. Imagine just for a minute what this does to emerging economies whose curr…
This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street…
As oil prices retreated from the refinery demand driven spike (see post), the CRB BLS Spot Index of 23 commodity markets (see description) hit a new low for the year. Per earlier discussion (see post), the equity markets have been discounting the rally in crude and so far have been proven right.
Energy shares have underperformed the broader market starting in April when crude oil prices touched the lows for the year. Stock valuations clearly responded to the downside. On the up-side however, in spite of the recent sharp rally in crude, energy …
The September WTI futures contract closed at $107.81 (up $1.46 on the day). The September Brent contract (Brent 1st nearby) closed at $108.70 (up 9c), putting the differential at under a dollar per barrel. The Brent-WTI spread has seen a spectacular co…
US crude oil inventories fell sharply for a third week in a row, dipping materially below the levels from the same time last year. As a result WTI crude price remains firmly above $106.Source: EIAThis drop in supplies is surprising because US crude pro…
After banking some very hefty profits for Energy Advantage and Energy Inner Circle subscribers on refining stocks earlier this year, the entire sector now is about to land “between a rock and a hard place.”
Once a high-flying place for investors to earn substantial profits, refiners have been under pressure for the last two months. But that’s actually just the beginning of what’s to come.
US crude oil inventory unexpectedly declined again (see post) last week, driven by a particularly strong refinery demand on the Gulf Coast.