Morning Petrospective – July 29, 2010 - Crude oil prices lost roughly half a dollar a barrel yesterday as traders reacted to this week’s Department of Energy (DOE) weekly supply and demand statistics. [More]

Morning Petrospective – July 28, 2010 - Oil prices sold off yesterday and it may well be that this complex has run out of time (to break to new highs). [More]

Morning Petrospective – July 21, 2010 - It was a very strange day in the markets on Tuesday [More]

Morning Petrospective – July 19, 2010 - Oil prices were lower on Friday, as the complex posted its third consecutive day lower. Tellingly, though, the losses over Wednesday, Thursday and Friday were not as large. [More]

Morning Petrospective – July 14, 2010 - The oil complex was higher on Tuesday as traders bought oil futures in sympathy with stronger equities, a stronger euro and signs that the US economy is, in fact, making a recovery. [More]

Morning Petrospective – July 13, 2010 - Oil prices sold off on Monday as traders looked for bullish factors upon which to base a continuation of last week’s advance – in vain. [More]

Morning Petrospective – July 12, 2010 - Oil prices finished an up-again, down-again session on Friday, during which it seemed that oil prices were following the DJIA, with a minor double-digit gain, capping a remarkable comeback week. [More]

Oil prices advanced again on Thursday, after this week’s DOE report showed another larger-than-expected drawdown in crude oil stocks. In the process of moving higher, August crude oil prices touched their highest intra-day figure yet in July. It was a second day of gains following six days lower, and it continued to look like a rally more than a genuine advance. [More]

Morning Petrospective – June 16, 2010 - Crude oil prices opening higher Tuesday morning. Upbeat economic sentiments helped push oil prices higher, and a stronger euro and stronger equities gave investors solid reasons to buy oil. [More]

On Monday, oil prices opened higher and traded at those higher levels throughout the morning part of the session. Prices had been higher on Sunday night, and they worked higher from those figures Monday morning in Asia and then Europe. Stronger equities and a weaker US dollar in relation to the euro were cited as two major factors behind the stronger prices Sunday night into Monday morning. [More]