We are officially on vacation, but had originally expected Friday to be an exchange holiday. Why? Oh, just because the Nymex had always been able to place greed on the back burner for at least one final day at the end of each trading year, in a sort of sacrificial immolation of that most valuable of all commodities – time. [More]

There will be no Cameron Hanover Daily Energy Hedger for the rest of this week. Publication shall resume on Monday, January 3, 2011. We wish our readers a healthy, happy, safe, and successful 2011! [More]

The penultimate week of the year – last week – saw the fruition of the bulls’ hopes and wishes to push oil prices to new highs for 2010, and to build a springboard for higher prices into 2011. On Monday, a week ago, gasoline prices broke decisively higher, finishing over the 236.25-237.00 resistance associated with the key reversal day seen on December 7th [More]

The penultimate week of the year – last week – saw the fruition of the bulls’ hopes and wishes to push oil prices to new highs for 2010, and to build a springboard for higher prices into 2011. On Monday, a week ago, gasoline prices broke decisively higher, finishing over the 236.25-237.00 resistance associated with the key reversal day seen on December 7th. [More]

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Cameron Hanover – Daily Energy Hedger – December 21, 2010. Gasoline prices were up dramatically on Monday, with January breaking and finishing above the critical resistance at 236.25-237.00, which were the recent highs in the gasoline market (on December 7th). [More]

The oil complex was mildly higher on Friday – for the most part (first-month heating oil quotes ended lower) – but it was a long, hard week to get nowhere. January crude oil prices added 23 cents over the course of the week, heating oil prices were up 1.62 cents a gallon and gasoline was up 85-hundredths of a cent on the week. [More]

Oil prices were lower on Thursday as investors liquidated long positions once it became clear that the complex could not get itself in position to launch an assault on key resistance levels established last week. [More]

The oil complex had a mixed day on Wednesday, with prices trading lower in early trading, based on a stronger US dollar, rallying as the euro rallied and the dollar weakened from about 6 AM to 7 AM, and then falling as the dollar gained sharply against the euro from 7:30 AM to 3 PM. [More]

Oil prices were mixed to lower on Tuesday, as traders searched for reasons to push quotes higher. The US dollar lost ground to the euro steadily overnight and into this morning, but it rallied through the morning part of the session into the afternoon later on. [More]