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
Good day, good day! Crude has toppled below the monkey bar of $100 late on this week as – would you believe - Euro debt concerns arise once more. In addition, crude has been clobbered by a disheartening domestic demand situation. Total product demand is down 7.2% on this time last year, while gasoline demand has just plummeted to its lowest level since 2001. And while on the subject of plummeting to new lows, the good ship natty has keeled over and made a decade low as supply remains staunch and the storage surplus swells (…while weather is set to swelter). Ay, there’s the rub, and here’s the grub. » read more
Happy 2012 and all that gubbins. Time to get our heads out of the clouds (lenticular ones at that, see left) and our feet back on the ground after a welcome respite. This first trading week of the year has sure been eventful, although somewhat with familiar themes flowing through it. Crude prices have been involved in a game of tug-of-war, with geopolitical concerns on one end of the rope, and European debt woes on the other. As for natural gas, there is again the familiar themes of non-extreme weather and strong supply / storage data to aid it in pootling lower. Any hoo, let’s chew: » read more
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
Amazingly, the Friday before Thanksgiving creeps up on us with the stealth of a ninja. This week has brought more yadda yadda blah blah blah re Europe, as the domino rally of debt deterioration now reaches Spain (no bulls in sight), and funds flee from their bonds. Meanwhile, the US continues to see placatingly decent economic data (or maybe our expectations have just been beaten down…hmm, there’s a thought). » 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.
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