Tag Archives: West Texas Intermediate Crude
Obama’s Quest For Re-Election Points to SPR Release
With Brent Crude (AMEX:BNO) having risen back to $114 per barrel and West Texas Intermediate Crude (AMEX:USO) back over $96 per barrel, the Obama administration is looking to put fear… Read more
Oil Rout Continues on U.S. Slow Down
The decline in commodities this summer is eerily similar to the one that happened in the summer of 2008. The difference this time is that Gold (AMEX:GLD) is most likely… Read more
Oil Up As Markets Continue to Push Higher
In the world of rational economics, not those practiced by the high priests of monetary stock and flow, you know Keynesian weirdos like Ben Bernanke, if you print more money… Read more
Oil Moves Up With Equities
The &P 500 closed within a nose of 1400 on Thursday and the price of oil moved up along with them. Risk must be back on or something. Equities rose… Read more
Oil Flat as Iran Willing to Bargain Over Nuclear Program
Oil was hit early this morning in front of the FOMC statement with a report that Iran would be willing to halt its uranium enrichment program in exchange for the… Read more
Options Expiry Has Commodities Quiet
With options expiry for equities happening tomorrow it should come as no surprise that the market for a number of commodities have been quiet after having been beaten back earlier… Read more
Brent/WTI Spread Continues to Tighten, Gasoline Steady
With the news the other day that the Seaway pipeline repairs are ahead of schedule and the pipeline could be pumping oil away from Cushing Oklahoma as early as mid-May… Read more
Brent/WTI Spread Narrows to $15, Gas Drops
In a rare Monday where volatility was light and nothing much happened, Brent crude futures was off $2.05 to $118.43 per barrel. Brent is in a bearish stance right now… Read more
Oil Fades But French Fire Fuels Firming
While the U.S. Non-Farm Payroll number was working its magic on the markets, pulling equities and commodities prices down while sending bonds higher, Brent crude finally fell out of its… Read more
Gasoline Futures Drop But Curve Compresses
RBOB Gasoline futures on the COMEX dropped to $3.34 per gallon on Wednesday. While this is more than $0.07 per gallon lower than Tuesday’s high it is still well bid… Read more
Crude Oil Spikes Along With Everything Else
So, on Thursday the entire grain complex got taken out behind the chemical shed and shot in the head. Then the USDA crop report came out on Friday while the… Read more
Oil Finally Tumbles Out of Range
West Texas Intermediate Crude futures finally broke down below the $105 per barrel price that has held to the downside for weeks now. I guess one too many rumors of… Read more
