Cameron Hanover – Daily Energy Hedger – June 25, 2010

The oil complex was mixed yesterday, and traders were trying to decide which way to lean. Some traders were focusing on recent economic data, which have been bearish, or on recent oil market data, which have also shown a market with plenty of supplies. Other traders and investors have returned their eyes to the Federal Reserve, which more or less committed itself to an environment of low or negligible interest rates oil for an even more extended period than the the extended period already in place.