Energy Market Updates

After yesterday’s downright balmy weather in the northeast, today brought us back to reality with temps in the low teens. That cold air was a key factor in keeping HEAT...

It appears to be the Oilman’s triple play today with Cold air, no snow and a falling market. All we can say is Finally! Early morning gains were wiped away upon news of...

You wouldn’t know it from looking simply at the closing figures that todays inventory report was initially viewed as wildly Bearish. Confirming last nights API report...

While I was watching FED Chairman on 60 minutes last night it occurred to me very early in the interview: Bernanke was very, very nervous. Something I have never seen...

Speaking with an associate today we were amazed to both discover that last year at this time we over 40 cents less than now. But that is ancient history. Today continued...

NYMEX futures reached their highest levels in almost two weeks. On the heels of a pre Thanksgiving jump, players got right back at where they left off on Wednesday....

After Fridays close, we were cautiously optimistic that we might have some downside over the next few sessions. That theory was quickly thrown in the garbage can as news...

All too often in this Industry we hear or see things that so called experts attribute to the rising cost of fuel. The vast majority of these events are so far away from...

After three days of solid gains that saw the HEAT chart move from testing support levels to meandering around mid range. Today was somewhat uneventful even with 3 major...

With only 3 up days to speak of in the last two weeks, the early morning gains have become increasingly more difficult to give any credence to. The day saw pits start off up over a penny a piece but as the opening bell range, price fell off the shelf. Front month RBOB, under pressure as a lame duck product, fell .04 cents in a matter of minutes. As investors continue to point towards struggling economic picture as reasons for the retreats, the failure for HEAT to break the $1.95 support level tells another story. For the third time since Mid May, HEAT has touched the $1.95 area only to shoot to the $2.20 level in the following 30 day stretch. Not that past performance is any indication of future potential, but it sure does look convincing. (see chart below) As the day wore and the Dollar got stronger, it appeared that funds were content in some profit taking. At the Close, Crude fell .72 to $73.10, HEAT dropped .0156 to $1.9554 and front month RBOB lost .0441 to $1.8810 while OCT RBOB lost only .0285 to $1.8390.