Energy Market Commentary

Recap Energy Market Report

July crude oil registered another inside day trading range during Friday's session. The market gained an early lift on ideas that central bankers might pursue a concerted effort to stimulate the economy....

Mid-Session Energy Market Report

The crude oil complex was mostly higher throughout the morning session, supported by a breakdown in talks between Iran and Western nations. During the early morning hours, the tone toward Europe seemed to improve, which bolstered crude oil prices....

Shale energy boom dangles prospect of leap in US growth

America's reliance on fuel imports has sucked vigor from its economy for decades. Now an oil and natural gas boom holds out the prospect for a new era of stronger U.S. economic growth.

Morning Crude Oil Market Report

July crude oil prices trended higher during the initial morning hours, helped by a slight easing in European debt concerns and prospects for concerted central bank intervention....

Morning Heating Oil Market Report

July heating oil prices held close to unchanged levels throughout the overnight and early morning hours. Some traders suggested that the heating oil market might be drafting support from pre-holiday buying in the cash distillate market, as well as a modest lift in Brent...

Morning Natural Gas Market Report

The natural gas market came under pressure following yesterday's EIA storage data that reported an inline injection of 77 bcf....

Morning Gasoline Market Report

July RBOB prices established a higher high during the early morning hours. It appears that the cash gasoline market drafted support during the previous session on reports that BP shut a large Texas City refinery for repairs, as well as buying ahead of the Memorial Day...

OPEC spare capacity in the first quarter of 2012 at lowest level since 2008

NG remains in correction pattern

Nat Gas prices have been drifting lower since shortly after the release of this week's inventory report. As I have been indicating for the last week or so the market is ahead of itself versus the current fundamentals....

Recap Energy Market Report

July crude oil spent the morning session grinding higher but pared some of those gains into the close to register an inside day range....

Oil steady heading into last trading session of the week

For the second day in a row US markets including oil started the day in negative territory and clawed their way back during the trading session to end in positive territory....

Mid-Session Energy Market Report

The crude oil complex trended higher throughout the US trading session, helped by a rebound in outside market sentiment and a set back in negotiations between Iran and western nations....

Morning Crude Oil Market Report

July crude oil prices rebounded from overnight losses during the initial morning hours. The latest read on Chinese PMI showed further contraction and a separate reading on German business conditions registered its first monthly decline in seven months....

Morning Gasoline Market Report

July RBOB prices fell to their lowest level since January 3rd during the early morning hours, but they managed to reverse to positive on the session....

Morning Heating Oil Market Report

July heating oil prices registered a new low for the decline overnight but turned higher into the US trading session. The early morning reversal action comes from a rebound in outside markets and rebound in Brent crude oil....

Morning Natural Gas Market Report

July natural gas showed positive price during yesterday's session but remained inside of a short term range. Expectations for this morning's EIA storage report are for an injection in the range of 75 to 80 bcf....

About 300,000 bpd Iranian oil lost to market

The oil market has lost about 300,000 barrels per day (bpd) of Iranian crude since the announcement of sanctions and an embargo against the Islamic Republic over its nuclear programme, the head of the International Energy Agency (IEA) said on Wednesday

Kase Comments on Natural Gas: Outlook Still Positive

The outlook for natural gas is still positive. June natural gas has oscillated in a choppy range between $2.759 and $2.579 for the past few days and prices closed near the top of this range at $2.737 on Wednesday....

NG inkection within expectations

Today's weekly injection report was a non event in that it came in around the consensus expectation and has not deviated enough from the expectations to move Nat Gas prices strongly in either direction....

Oil in short covering rally

Neither the European meeting nor the Iran/West meeting made much progress yesterday. On the macroeconomic front the preliminary PMI data out of China came in a tad below expectations and solidly below the expansion threshold of 50....