Happy Nonfarm Friday! Crude is mustering a positive end to a rather lackluster week, as poor US oil demand (hark, a 13-yr low) threw a wet blanket over prices. It has taken a decent employment report here in the US today to reverse this trend. Meanwhile, natural gas is on another rollercoaster ride, falling three days in a row before rallying over 7% on the back of a slightly more bullish-than-consensus storage print on Thursday. What a week it has been…let’s hit the cuisine: » read more
Happy Friday 13th! And it is indeed turning out to be an unlucky day for markets, as credit downgrades to European countries have scuppered the goodwill that had been carefully constructed in the last week.
Crude had already been pressured back into double-digitdom by the likely delay to an oil embargo on Iran by the EU, while natural gas has plundered lower and lower on moderate weather outlooks, and both rampant storage surpluses and supply. But enough from me, let’s hit the treats. » read more
Hey yo, this post is based on a simple observation relating to the current nuttiness of natural gas and retail gasoline prices.
The two prices have converged to parity recently, but not for the reasons we may have previously considered. It seemed more likely that the two would meet due to wintry weather boosting natty, and increasing demand boosting gasoline, but neither of these scenarios have played out. So let’s take a look at some of the real reasons for the emergence of this convergence.
And the second Friday of December hits us like a snowball, with general markets having a frosty reception to the latest effort by European leaders to stop the rot to halt the region’s debt crisis.
Crude prices have apprehensively back-pedaled into double-digitdom this week, while natural gas prices sled towards the lows of the year once again, as we are set to reach Christmas without a solid bout of frigid conditions in the US. But enough chat, here are the snacks: » read more
Where have you been?! Your dinner's on the table!
Wowee, mid-October already. Despite Halloween and the prospect of scares ahead, general markets have mustered a kangaroo-like jump higher. Crude has rallied well into double-digits in percentage terms since the lows of last week - as have equities - as economic data and hopes of containment for the Euro debt crisis (am sounding like a broken record, I know) improve. Natural gas, meanwhile, has plumbed the depths of the lows of the year, but is now seeing some support from the onset of winter temperatures on the horizon. Lots to digest – let’s hit the bitefest: » read more
Matt Smith spent his twenties working in investment management in London, before swapping his bowler hat for a banjo and moving to Louisville, KY, and Summit Energy. When he is not reading, writing (or dreaming) about financial markets, he can be found enthusing about music, red wine, spicy food, or his family. And lamenting his soccer team, West Ham.
© Copyright 2009, Summit Energy. All rights reserved.
