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Matt Smith

Crude falls ahead of ‘All or Nothing at All’ from the Fed

Seventy-six years to the day after Ol’ Blue Eyes recorded ‘All or Nothing At All‘, and the Federal Reserve finds itself in a similar predicament. For betwixt now and 2pm ET, we are set for markets to be pushed and prodded around by uncertainty, before we hear whether the Federal Reserve has hiked interest rates […]
Categories: Crude oil, Middle East

Oil rallies amid Fed focus, inventory data, and OPEC rumors

Crude prices are ripping higher today thus far, egged on by a surprise draw from last night’s API report.
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Agatha Christie-like mysteries face the oil market

One and a quarter centuries to the day after the birth of Agatha Christie, and markets remain shrouded in mystery ahead of Thursday’s potential US interest rate hike. Persistent fears about emerging market economies dominate sentiment; Chinese equities were spooked 3.5% by these fears overnight, while scary South Korean import and export data did little […]
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(Spencer Platt/Getty Images)

China and OPEC data dictate crude movements to start the week

Thirty-seven years to the day after Mork and Mindy first appeared on our TV screens, and markets this week are set to be out of this world.
Oil pumping units, also known as nodding donkeys or pump jacks, operate at an oil plant operated by MND AS in Uhrice, Czech Republic, on Monday, March 23, 2015. Oil rose as the dollar weakened for a third day, making commodities priced in the U.S. currency more attractive to investors. Photographer: Martin Divisek/Bloomberg

IEA upgrades demand, slashes non-OPEC supply…and oil prices tank

The crude complex is charging lower into the weekend despite some bullish signals from the monthly IEA Oil Market Report (some might say today’s drop is in relation to a certain research piece, but we’ll side-step that). Yesterday we took a look at some of the key themes in the latest EIA Short Term Energy Outlook, […]
Categories: Crude oil, Markets
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Oil rebounds as peak of Atlantic hurricane season arrives

Not only is today a glorious day for Arnold Palmer as he celebrates his 86th birthday, but it is also a red letter day for us here in Energyland™ – for September 10th marks the peak of the Atlantic hurricane season. As the ‘flame’ graphic illustrates below, we are pretty much assured of having a […]

Oil heads lower as Saudi battles for market share

Amid a holiday-dappled week, we barrel in to Wednesday without the presence of the weekly oil inventory report; we will have to wait until tomorrow at 11am (EDT) for that. We do, however, get the API report after market close, although the EIA’s Short Term Energy Outlook is out in the meantime to provide us […]

Crude is swayed by overnight data from China, Europe

As the US returns to work after a long weekend, it is under the influence of various overnight releases from Europe and Asia. Brent crude is rallying strongly after seeing downside yesterday, while WTI is still playing catch-up and selling off towards mid-forty dollardom. At first blush a revision to Japanese GDP for Q2 was better […]

Commentary: China & commodities send Brazilian economy tumbling

According to a recent Gallup survey, the most positive people in the world are in Latin America. But given recent events in global financial markets, I suspect this upbeat attitude is being severely tested. While Venezuela teeters on the precipice of social unrest amid a persistent shortage of basic goods, the Brazilian economy is giving it […]

Changing US oil dynamics and cheaper gasoline

‘Clack! cla-cla clack-clack clack-clack CLACK!!’ (today’s fanfare for Nonfarm Friday was played on football helmets to celebrate the start of college football season). It is the first Friday in September, which means we see official US employment data, aka nonfarm payrolls. Today’s report has showed 173,000 jobs were created in August, which was less than […]