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Cameron Hanover
February 3 2012, 03:52
Oil prices were mixed to lower yesterday as investors waited for this week’s biggest event – the monthly unemployment figures from the Department of Labor. Its weekly report was out yesterday, after ADP’s Wednesday “preview,” and it showed jobless claims down last week, falling by 12,000 to 367,000. [More]

February 2 2012, 04:41
Oil prices were mostly lower on Wednesday, as traders pushed crude oil prices to their weakest finish in a month, primarily on a large build in crude oil inventories. This week’s Department of Energy (DOE) Energy Information Administration (EIA) Statistical Review showed a build of 4.175 million barrels. [More]

February 1 2012, 03:35
The oil complex was mixed again on Tuesday, with refined products higher and crude oil prices lower. This has become a mini-trend, with activity last Tuesday and Friday also following this same blueprint. It is a blueprint that has worked over a number of January’s and February’s over the last few years. [More]

January 31 2012, 03:58
The oil complex was lower on Monday, with prices giving us the reverse of what we had seen on Friday. Yesterday, gasoline prices fell the most yesterday, followed by heating oil, and then by crude oil. We had decent long liquidation after Iran decided to admit UN IAEA nuclear inspectors to its uranium-enriching facilities. [More]

January 30 2012, 04:38
Oil prices were led higher on Friday by gasoline prices, which have led the oil complex higher regularly recently, despite some very poor demand numbers, which have been released recently. It has been a most peculiar element in this market that some of the poorest demand figures ever seen should coincide with such strong prices. [More]

January 27 2012, 03:48
The oil complex was higher yesterday, with all segments of the market slightly higher. Heating oil prices were proportionately the highest or the strongest, but all three major contract groups were higher yesterday. [More]

January 26 2012, 04:02
This week’s DOE report was on balance bullish, showing the effects of refinery maintenance. Utilization declined, and refined products stocks dropped, while crude oil inventories increased. That is a trend that is likely to be seen more often than not – and more strongly with time – as the next several weeks unfold. [More]

January 25 2012, 03:38
The oil complex was mixed yesterday and crude oil prices were lower while refined products were higher. The US dollar was stronger and the euro was weaker, and those influences pushed crude oil and gold prices lower yesterday. One of the more interesting developments recently has been the linkage of gold and oil to the same factors early this year. [More]

January 24 2012, 05:27
As expected, Europe was the center of attention yesterday, although it was not as powerful an influence as we had expected it would be. The EU did vote to implement an embargo against Iranian oil imports, as had been widely anticipated. [More]

January 23 2012, 03:48
The oil complex was lower on Friday as traders reacted to the markets’ inability, collectively, to build on technical successes earlier in the week (last week). Heating oil prices had broken to their highest levels since early September, but they got to 313.64 two weeks ago and could not build on it last week, ending below $3.00. [More]