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Posts Tagged ‘fossil fuels’

0 Apr 5 2013 @ 1:08pm by Matt Smith in Crude Oil, Global Energy, Natural Gas

Burrito bites

Happy Nonfarm Friday! And it has been more fun than a barrel full of monkeys, as a big miss from the jobs data has sent markets reeling. Crude has tumbled this week, as US inventories reach a 22-yr high while demand remains mediocre. As for natural gas, a  huge withdrawal has sent storage levels below the 5-yr average, encouraging prices to try to push on to new 18-month highs. But enough from me, here’s the treats: » read more

0 Feb 3 2012 @ 10:54am by Matt Smith in Crude Oil, Economy, Global Energy, Natural Gas

Burrito bites

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