Energy Market Updates
Posts by:
Mark Pszeniczny
Markets find strength ahead of Spring storm
Crude rises as Products sell off late
Yet again the early morning fake out had most running to the racks early in the day. Overnight action had both products up over four cents with the ongoing Libyan...
Rally pushes on as strife continues
Futures soared higher again today as all eyes continue to be focused on the Mid East and Northern African Nations and the wave of civil unrest that has gripped that region.
Middle East turmoil causing price surge
Presidents Day is historically a quiet day as most participants are off for the long weekend, but today’s moves have bucked the historical trend.
Markets turn early end higher
I have mentioned often that for many technical analysts the number “3” is significant. After three down days in the Heat pit, the notion of a downward trend was about to...
NYMEX surges to new highs
Futures skyrocketed higher today hitting fresh highs on the heels of optimistic feelings about the economy. After the feel good State of the Union speech, a speculative...
NYMEX finds strength to move higher
As many New Englanders try to find meaning of our meager existence without any football to watch for the next month, reality got slightly worse as we all tried to...
Trade jumps for second day in a row
Last Friday we were all excited that the NYMEX appeared to be on the verge of its January thaw. Well, a small pipeline leak on the Alaskan north slope over the weekend...
DOE’s push NYMEX lower
With much of the Industry expecting large draws in Crude and distillates due to year end and a relatively cold week across the nation, the surprise build in distillates...