Oil prices were higher again on Thursday as investors reacted to this week’s latest unemployment numbers, which were supportive. This followed on the heels of Wednesday’s advance, which seems to have been primarily in response to the Fed’s assertion that interest rates would not be raised any time, soon. Equities prices were also higher on Thursday, and the “carry trade,” or the movement higher in a number of assets because of “risk appetite” seems to have become the dominant, if not only, real factor behind higher quotes lately. [More]

The oil complex had been higher in trading on Tuesday night and into Wednesday morning, although it was rising more on the back of positive data for the economy than on moves seen in equities – whih had been lower early Wednesday morning across Asia and opening weakly in Europe, with financial and resources companies getting hurt in the early trading. [More]

Oil prices were under heavy selling pressure throughout Tuesday’s trading session. Prices had been mixed in trading overnight, but one of the first features of trading on Monday night and into Tuesday morning was a resurgent US dollar. Bloomberg reported Tuesday that “Standard & Poor’s Ratings Services (S&P) lowered its long-term local and foreign currency issuer credit ratings” on Portugal, from A+ to A-, and on Greece, from BBB+ and A-2 to BB+ and B, respectively. [More]

Oil prices dropped on Monday as traders reacted to an embarrassment of riches. Because the economic news has been so good recently so good that it has eclipsed the market’s recent, poor fundamentals – investors decided to take profits on Monday, out of fear that the Federal Reserve might indicate it is nearer to raising interest rates, soon. [More]

The oil complex started the day with mixed results from trading overnight in Asia and Europe. Crude oil prices were slightly lower along with gasoline quotes, while heating oil prices were slightly higher in early morning trading. Crude oil and gasoline were influenced, early, by the ongoing Greek debt crisis, and that helped the dollar advance briskly in trading overnight. [More]

Daily Energy Hedger is Cameron Hanover’s flagship research document. The document provides a tightly written synopsis on the previous session’s trading activity, and gives thorough analysis for the entire energy complex from a fundamental, technical and proprietary perspective. It is mandatory reading for energy traders and industry professionals alike. [More]

It was a peculiar session on Wednesday. If one looked at the benchmark expiring crude oil contract, one saw a market unable to build on Tuesday’s gains, a market that was lightly lower despite a generally improving mood among investors that he economy is coming right. [More]

The oil complex was higher in trading overnight on Monday night, into Tuesday morning, and traders were talking about air travel resuming between Europe and the US and inside continental Europe on Tuesday. Despite the partial return, the fallout of ash from the volcano has cut European jet fuel consumption by roughly two-thirds, and it has backed up deliveries scheduled by pipeline and barge. [More]

Oil prices opened lower on Monday, and they ultimately ended well lower on Monday, as traders continued to sell oil. Equities started the day lower, as well, as selling from Friday held over. But, while oil could not raise itself, equities were able to advance from their early lows to finish the day with gains. [More]

Oil prices were under selling pressure from the opening bell on Friday, having sold off in trading overnight. In the trading overnight in Asia and in Europe, oil prices were being sold in reaction to a lower equities and a stronger US dollar. This was in sharp contrast to the previous six out of seven days, or the period ended on Wednesday, during which fundamentals had played a leading role. [More]