Stimulus | Dennis K. Burke, Inc. Market Updates

Energy Market Updates

Futures Turn on Stimulus Talk

Posted by Mark Pszeniczny on Wed, May 15, 2013 @ 04:29 PM

Much of what we view every day in this business is based primarily on expectations and ultimately, reality. Today was precisely one of those days. While most expected slightly bearish inventory numbers, the news at 10:30 that showed Gasoline's up 2.6mbl and Distillates up 2.3mbl well beat expectations of builds of 700k and 800k respectively. Pits reacted by selling off over four cents in each HO and RBOB. With Crude showing a draw of 600k barrels while many expected a build of the same amount, you had to think how long the fall would last. At the same time, the European Zone released figures that showed its GDP fell for the sixth straight quarter. Soon talk of more FED stimulus took over the trade and the buy back gained momentum. From what started out as a solid down day, turned on the expectation of what we think might happen, thus pushing the NYMEX higher by the closing bell. At the close, Crude gain .09 to $94.30, HEAT added .0071 to $2.8801 and RBOB led the charge jumping .0294 to $2.8670, almost .10 higher than the intraday low.... Looks like some expect a busy driving season.

RBOB Close

Close Change

JUN 2.8670 +.0294

JUL 2.8480 +.0276

AUG 2.8192 +.0260

SEP 2.7853 +.0247

OCT 2.6407 +.0190

NOV 2.6130 +.0166

HEAT Close

Close Change

JUN 2.8801 +.0071

JUL 2.8742 +.0080

AUG 2.8797 +.0095

SEP 2.8892 +.0107

OCT 2.8977 +.0111

NOV 2.9031 +.0107

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Tags: Distillates Build, GDP, European Economy, Futures, Stimulus

Futures Spike on Bullish DOE Numbers

Posted by Mark Pszeniczny on Wed, Aug 01, 2012 @ 03:01 PM

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After last nights API data release that showed Crude suffering a massive 11.2 mbl draw, most were awaiting todays DOE numbers with one eye closed, hoping it was an aberration. For those watching the screens at precisely 10:30 this morning you saw Rbob spike 4 cents and HO jump 3. While not as horrific as an 11 million barrel draw, Crude still lost 6.5mbl according to the DOE. Gasolines fell 2.2mbl and distillates fell 974k. Still, far more than expectations. Other Bullish influences to the Market early were the Federal Reserve meetings that many had been betting on another round of stimulus. That gamble didn't pay off as a short time ago they announced that while the economic turn around has slowed, it doesn't warrant another round of stimulus... yet. The interesting note to the entire session is that Crude, at its peak today, was only up $1.50. In the last half hour of the trade, HO looked to be going negative as the air was let out of the balloon. RBOB inflated to much to peel off any of the gains and finished up .0599 to $2.8342, HO gained .0108 to 2.8588 and Crude added .85 to $88.91. Thursday sets up to be another exciting day with Jobless figures due out at 8:30.

8_1

RBOB CLOSE

CLOSE CHANGE

SEPT 28342 +.0599

OCT 26281 +.0447

NOV 25322 +.0401

DEC 25398 +.0370

JAN 25282 +.0334

FEB 25322 +.0320

HEAT CLOSE

CLOSE CHANGE

SEPT 28588 +.0108

OCT 28663 +.0105

NOV 28748 +.0101
DEC 28819 +.0108

JAN 28869 +.0113

FEB 28831 +.0104

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Tags: Daily Heating Chart, DOE, RBOB, Crude draws, Stimulus

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Futures Turn on Stimulus Talk

Futures Spike on Bullish DOE Numbers