Posts filed under “Energy”

$77 Crude ?

We have been focusing, over the past few months, on the credit contraction issue, and what this means to the markets. The recent weakness (today and Tuesday) were very much Credit related.

However, we should not ignore the impact of the rising price of Crude Oil.

Crude_commod_20070725As of yesterday’s close,
Crude oil  was $76.24 a barrel. That price came after three days of losses, reversed by falling U.S. crude stockpiles in the U.S.

As I type this, Crude is a hair under $77.

Futures: The front-month September light, sweet crude contract on the NY Mercantile closed settled up at $2.32 — a 3.2% gain — at $75.88 a barrel. This was "just shy of the 11-month closing high of $75.92 reached July 19."

The good news for motorists was reported by the WSJ: "Gasoline stockpiles rose by 800,000 barrels amid the highest-ever weekly gasoline imports. That compared with expectations of a 510,000-barrel gain. Distillates, which include heating oil and diesel, increased by 1.5 million barrels, twice as much as was forecast in a Dow Jones Newswires poll of market participants."

Source:
Crude Jumps to Almost $76
Futures Leap 3.2% As Stockpile Falls At Key Storage Hub
MATT CHAMBERS
WSJ, July 26, 2007; Page C6
http://online.wsj.com/article/SB118537163781177567.html

Category: Commodities, Energy, Trading

Oil versus Natural Gas

Category: Commodities, Energy, Investing, Markets, Technical Analysis

Crude Remains Strong Despite Inventory Build

Category: Commodities, Energy, Index/ETFs, Psychology, War/Defense

CPI & Retail Sales

Category: Data Analysis, Economy, Energy, Federal Reserve, Inflation, Markets

Commerce Retail Sales Data: Beware Gas Inflation

Category: Consumer Spending, Data Analysis, Economy, Energy, Retail

The Return of Geopolitical Risk

Category: Commodities, Energy, Markets, Politics, Psychology, War/Defense

Gas & Oil

Category: Commodities, Energy, Inflation

When Corporate Interests Conflict on Global Warming

Category: Commodities, Corporate Management, Energy, Markets, Science

9.1 Degrees

Category: Commodities, Energy, Science

Falling Bonds, Rising Yields

Category: Energy, Federal Reserve, Fixed Income/Interest Rates, Inflation