Happy Friday! Another nutty week has seen natural gas pushing to try and reach an 18-month high on late-season heating demand and a whopper of a withdrawal from weekly storage. Crude oil is somewhat overlooking uninspiring fundamentals to rally with the improving economic data we are seeing out of the US and the euphoria seen in equity markets. Hark, snacks ahoy: » read more
Posts Tagged ‘energy’
0
Mar 15 2013 @ 10:46am by Matt Smith in Crude Oil, Economy, Global Energy, Natural Gas
Burrito bites
0
Sep 7 2012 @ 10:39am by Matt Smith in Crude Oil, Economy, Global Energy, Natural Gas, Random
Burrito bites
Happy Nonfarm Friday! And what a thoroughly underwhelming employment report it was too, especially after all the hype. The disconcerting data is stymieing crude’s run, after WTI had got within a smidge of five-month highs (and just beyond, triple digitdom). Fortunately sense has prevailed, and rather than being enamored by the whiff of stimulus hopes, prices are instead confronting the harsh reality of this week’s poor releases. As for the good ship natural gas, it is keeling over as we are set to pass the pinnacle of hurricane season (hark, Monday), while also descending the slope of cooling demand to the base camp of shoulder season. Enough bumpf for now, ’tis time to chow: » read more
0
Aug 17 2012 @ 10:58am by Matt Smith in Blog, Capital Markets, Crude Oil, Global Energy, Natural Gas
Burrito Bites
Hello, hello! Welcome to burrito bites, which has been somewhat errant in recent weeks. There’s a bunch of bites below scanning this period (I’m mostly playing catch-up, rather than cutting edge…). Since the last snack attack, natural gas has tumbled out of three-dollardom as the end of summer is on the horizon as we slowly head toward the peak of hurricane season, unscathed thus far. As for Texas tea, oil has ripped emphatically higher on geoploitical concerns, QE3 hopes hopes of economic improvement, and a tighter supply situation. Enough fluff: here’s the good stuff: » read more
0
Jun 22 2012 @ 10:52am by Matt Smith in Crude Oil, Economy, Global Energy, Natural Gas
Burrito bites
Yo y’all, it’s been another nutty week in the world of energy, as Brent crude has made 18-month lows, while WTI has disco-danced its way back into the 70′s (to $77 to be specific); worsening economic data on a global front has been the overwhelming drag on prices this week. Natural gas is seeing record temperatures across parts of the US boosting cooling demand, but even the impending formation and threat of the fourth-named storm of the Atlantic hurricane season cannot propel prices too much higher (insert Debby downer joke here). Enough from me, it’s time to eat:
0
Jun 15 2012 @ 10:54am by Matt Smith in Crude Oil, Global Energy, Natural Gas
Burrito bites
Happy Friday once again! US natural gas has had its week defined by a rampant 14% rally on Thursday due to a bullish storage report, after prices had rappelled down to seven-week lows. Crude has been relatively unmoved by a non-eventful Opec meeting, pressured lower by continued poor economic data, yet supported by hopes of a coordinated bout of stimulus by central banks to prop up the global economy again. Snacks ahoy! » read more
