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Posts Tagged ‘brent’

0 Jan 28 2011 @ 10:50am by Matt Smith in Capital Markets, Crude Oil, Economy, Global Energy, Natural Gas

Burrito bites

Yo hey, we have made it to the end of another week. Natural gas has made a five-month high on the prompt. Natural gas has made a one-month low on the prompt. Yes, natural gas has been all over the shop (although the Cal12 strip has swan-dived below $5). WTI crude oil is seeing some late buying after what can only be described as a torrid week for the US benchmark, as it has been shunned like a red-headed stepchild for high inventories at Cushing, OK, where it is priced – and disowned by the rest of the crude complex. Inbetwixt this nuttiness, Japan has been downgraded, housing data has been eclectic, and New York has had a snow day. February rolls around next week (already, wowee), so let’s celebrate slinging out January, and lettuce prepare (worst pun ever) for the year of the Rabbit on February 3rd. Hark, chow’s up so let’s chow down:  » read more