The most dangerous part of this storm is the disconnect between oil futures and physical oil.
Oil prices often represent the beginning of an economic downturn. Will history repeat itself?
A new energy crisis, if not resolved soon, could hit the global economy hard, particularly these sectors.
Has Crude lost it's bullish enthusiasm or is this a buying opportunity?
May WTI crude oil (CLK26 ) on Tuesday closed up +4.22 (+4.79%), and May RBOB gasoline (RBK26 ) closed up +0.1731 (+5.82%). Crude oil and gasoline prices settled sharply higher on Tuesday, recovering some...
April Nymex natural gas (NGJ26 ) on Tuesday closed up +0.052 (+1.80%). Nat-gas prices settled higher on Tuesday, boosted by positive carryover from a +4% surge in crude oil prices. Gains in nat-gas were...
Grain traders are taking their daily price cues from the daily movements in the crude oil market. Such will likely be the case for the near term.
May WTI crude oil (CLK26 ) today is up +3.37 (+3.82%), and May RBOB gasoline (RBK26 ) is up +0.1158 (+3.92%). Crude oil and gasoline prices are sharply higher today, recovering some of Monday’s losses...
Previous Session & Summary: Yesterday’s sharp fall and volatility were tied to easing war rhetoric. President Trump made statements regarding positive negotiations and delayed his 48-hour ultimatum to...
April WTI crude oil (CLJ26 ) on Monday closed down -10.10 (-10.28%), and April RBOB gasoline (RBJ26 ) closed down -0.3045 (-9.42%). Crude oil and gasoline prices gave up an overnight advance and plunged...