Energy Drilldown – Feb 25, 2010
Energy Drilldown provides a synopsis of overnight activity with brief market commentary from industry professionals.
Oil was down $.70 to $79.30/barrel as of 8:10 AM EST while natural gas was up almost 4 cents to $4.82. Commodity markets were down broadly this morning as the dollar continued to accumulate strength against the euro overnight. The EIA will be releasing its natural gas storage report later this morning and analysts are expecting a drawdown close to –170 bcf (DJ –168, Bloomberg –169). For Market Prices Click Here
-Contributed by FMX Connect
FMX End of Day Reports
End of Day Straddle Runs: Energy
Crude Oil – Options Report – Feb 24, 2010
Natural Gas – Options Report – Feb 24, 2010
Previous Session Market Report (premium)
OTC Volumes and Volatilities (premium)
FMX Newswire
FMX Newswire is a news aggregator designed to meet the needs of professional energy traders. The content is to-the point, professional grade and not widely reported in the mainstream media. All sources are professional respected firms and newspapers.
Platts oil
- US Senate to consider reinstating expired biodiesel tax credit
- Qatar expected to overtake Saudi Arabia as top Middle East exporter of LPG in 2010 as the country ramps up production
- Asia Pacific airlines continue to show demand growth, carrying 8.1% more international passengers in January from a year ago
Bloomberg
- Oil Falls Below $80 as Dollar Gains Erodes Commodity Appeal
- Oil’s Stochastics Point at Drop to $76.10: Technical Analysis
- Dubai’s May Oil Price Discount Widens to 5-Month Low
- Argentina Asks UN to Block U.K. Falklands Oil Bid
- Crude Oil Drops, Following Equities Amid Greece Credit Concerns
- European Fuel Oil Shipments to Asia Increasing 33% in March
Other News
FT: Europe decoupling in oil demand, and more
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