And we have made it to another Friday…phew! Oil prices have swiftly been brought back down to size by economic woes resurfacing – kick-started by a large sell order on Wednesday. Natural gas, meanwhile, has been unwilling to budge too far from the 200-day moving average as colder weather outlooks are negated by the prospect of higher absolute temperatures. Snacks ahoy: » read more
Posts Tagged ‘shale oil’
And an unsurprising and uncontroversial speech from Federal Reserve (= US central bank) Chairman Ben Bernanke is releasing the pressure from the tires of anticipation that has steadily built up this week.
The fact that no further stimulus (read: Red Bull™*) was announced for the US economy is no shock, although the door of hope was left more than ajar for general markets by the announcement of an extra day of discussion by the Fed at their next meeting in September. » read more
Welcome to another Friday, as we charge into the second half of July. Natural gas is having a strong end to the week, back in the middle of the $4 to $5 range it has been pinging around in for this year, while crude oil is bamboozled to ebb and flow but ultimately remain in the mid-$90s. Continued warmer weather outlooks are supporting natty, while crude is flailing on concerns of a stuttering global economy, intermittently spurred on by bouts of bullishness (on rumors of bailouts, QE3, etc). Without further ado, let’s chew!: » read more