Morning Petrospective – October 11, 2011. European leaders rushed to the defense of Franco-Belgian bank Dexia, and in the process, they seem to have hit upon a policy of nationalization and support for banks that can serve as a model for all of Europe. [More]

Morning Petrospective – October 7, 2011. Thursday’s session was complicated. Prices were under selling pressure early in the day, as investors had been hoping that the European Central Bank (ECB) would cut interest rates. In the event, the ECB left them unchanged. [More]

Morning Petrospective – October 6, 2011. The oil complex was higher on Wednesday as traders were following through on the buying seen late on Tuesday. A number of assets had found critical support on Tuesday, typically just below major support levels that had been established in late September or in the first 10 days of August. [More]

Morning Petrospective – October 5, 2011. Oil prices continued flowing south on Tuesday as traders continued to worry about global economic slowing, a dent in Chinese growth, a stronger dollar as euro-zone investors parked capital in the greenback as a safe haven. [More]

Morning Petrospective – October 4, 2011. The oil complex was lower on Monday, as investors liquidated long positions across the board. Oil prices finished the day near their lowest prices in almost a year, and equities prices slumped and were on the precipice of falling to new lows for 2011. [More]

Morning Petrospective – October 3, 2011. Oil prices ended the week in negative territory for the week, with the exception of gasoline, which was higher. Of course, that comes after the previous week’s decline of nearly 23 cents a gallon. [More]

Morning Petrospective – September 30, 2011. The oil complex was mixed on Thursday, with crude oil prices finishing higher while refined products closed lower. Within that, heating oil prices were down fractionally while gasoline prices dropped more than three cents. The biggest focus of the market was on Germany, where the German parliament approved a proposal to expand the euro-zone fund to finance Greece’s bailout. [More]

Morning Petrospective – September 29, 2011. This market has officially entered the “Twilight Zone.” The world’s entire investment community seems to be waiting for a resolution of an extremely knotty sovereign debt crisis, primarily in Greece, but in a number of European countries. [More]

Morning Petrospective – September 28, 2011. Last week, it suddenly seemed clear. The economy was headed for a double-dip recession; investors were getting out of gold, equities and commodities, including oil. [More]

Morning Petrospective – September 26, 2011. The oil complex was hammered at the end of last week, or on Wednesday and Thursday, as funds seem to have suddenly decided that the world is headed into recession again. The markets seem to have lost any faith that governments are capable of leading us back to solid growth here. [More]