After Gains, Futures content to stay range bound
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...
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CRUDE (8)
Inventory report keeps losses at bay
Estimates had Crude falling 1.5mbl with the gasolines flat and distillates building by 1.0mbl. The early losses had pits down over 2 cents but as of 10:30 that changed...
Bulls in driver seat after third up day of specultative buying
With the short trading week coming to a close, and what is typically a slow week, was anything but. Inventories showed a large draw in Crude but slight builds in the...
Storm fear fades, prompting sell off: Crude tumbles
As quick as we saw the jump on Friday, we had thought that it was storm fear buying. And today brought vindication of those thoughts as I woke to a market down over 5...
Futures shrug off DOE’s, end higher
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....
Mixed Data has NYMEX end Mixed
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...