Energy Market Updates

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

In what was a slow news day had the futures market bouncing between positive and negative territory for much of the morning session. With durable good orders on the rise...

It was clear today that traders had no idea what they wanted from the session and were riding the emotional wave on any piece of news released.  The morning news was dominated that yet another build in supplies were expected therefore pushing values down.  As the bottom feeders were able to push the pits back into positive ground, wires reported that Greece will more than likely default on their loans.  That sent the entire complex south.  But the resiliency of RBOB and HEAT to maintain some value while Crude tumbled has, many scratching their heads. Crude tumbled $1.76 to $82.44 but HEAT lost only .0068 to $2.2303 and RBOB fell only .0141 to $2.3268.  Those types of drops on Crude typically produce a 4 or 5 cent drop in the products at these levels.  Goes to show that someone out there still wants to ride this wave higher and is willing to put their money where their mouth is.  As the Dow continues to get slammed right now, down over 100 points, look for some fear selling on Wednesday despite what inventory levels are.

What’s up is down, what’s white is black, cats sleeping with dogs.. Whats next? Big Papi hitting home runs! The market continues to perplex even the most astute...