Energy Market Updates

In what appears to be an about face to recent trends, the Pits reacted strongly overnight to yesterdays API report that showed Gasoline taking a whopping 3.2mbl hit....

The early morning session had all the makings of another big down day as news spread that China may be scaling back some of their economic recovery plans. And fears...

The last three days has left me feeling the same way I do after watching an episode of “LOST”…. What the hell just happened??? Values have plummeted on European...

The difference in todays action than yesterdays was that RBOB and HEAT actually followed Crude in finishing lower. With NatGas inventories showing a slightly smaller...

With the weekly inventory report came a mixed bag and subsequently a mixed close. As shown below, the largest variance was seen in gasolines which was the only thing...

As the morning began, we looked to head towards a session that was going to continue the downward slide after a brief bounce on Monday. That all changed as the opening...

After yesterdays amazing post close circus, today started out rather mild. For those of you who didn’t hear, a fat finger mistake by a former Citi trader… (as of 3:05pm...

While I thought we were in for a correction, I wouldn’t have thought in a million years that we would see 20 cents in gas and 15 cents in HEAT get wiped away in two...

As news of the leak in the gulf continues to make headlines, Oil markets continued their four day run of solid gains. With construction spending up for in Q1 for the...

It appears that the last four sessions have completely erased the pessimistic view, or fear of the Sachs case that saw HEAT correct almost 10 cents in two days. We have now come all the way back to where we were on Thursday of last week. The quick correction had Bears beating their drums that $2 heat was on the horizon, and admittedly so, I was listening. The ability for the market to gain back what was lost on