It’s been another stormy week in commodityland™, as the election and a nor’easter have caused extreme turbulence for oil and natural gas respectively. Oil rallied prior to the election result, only to immediately look ahead to a looming ‘fiscal cliff’ and sell off with vehemence. As for natty, it has moved lower in the face of inclement conditions in the Northeast, as it looks to better times next week and record storage. Enough looking back, here comes the weekend and the snacks:
Posts Tagged ‘US natural gas’
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Nov 9 2012 @ 10:34am by Matt Smith in Blog, Crude Oil, Economy, Global Energy, Natural Gas, risk management
Burrito bites
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Jul 13 2012 @ 10:43am by Matt Smith in Crude Oil, Economy, Global Energy, Natural Gas
Burrito bites
Good day, good day, to one and all! The week that was has seen oil prices moving broadly sideways, with Iranian tensions at one end of the push-me-pull-you, and a weakening euro at the other. Meanwhile, natural gas has been hovering like, err, Michael J. Fox on a hover board, close to a five-month high, but still scared of trying to break above $3 after last week’s rebuttal. Enough fluff, here is the good stuff: » read more
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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:
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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
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May 24 2012 @ 10:39am by Matt Smith in Capital Markets, Crude Oil, Economy, Global Energy, Natural Gas
Commodity Capers Through The Caped Crusader
General financial markets, and (from a burrito state of mind) specifically Commodityland™, have been looking rather dark and scary this week, leading me to think of Gotham City.
The gothic nature of markets has left me to consider, contrast, and compare the inhabitants of the home of the Caped Crusader with all things commodity-like. » read more
