Eye on Energy

Crude Oil Prices Fall US$26/b (27%) Over The Last 2 1/2 Months On Global Consumption Weakness. Bottom Imminent! Global Economic, Political & Military Update The stock and bond markets continue to have positive momentum as AI stocks and lower interest rates (on some softer economic data) help both markets. The Bulls see a ‘soft landing’ […]

WTI Crude Oil Falls US$4/b Or 5% On Wednesday Morning To US$73.85/b On OPEC Disarray And Large Build In US Inventories. Global Economic, Political & Military Update The stock and bond markets continue to have positive momentum heading into the US Thanksgiving holiday season. On the stock side the AI sector continues to be the

US Crude And Gasoline Consumption Fall Materially In Latest EIA Report. Expect More Near Term WTI Weakness. Global Economic, Political & Military Update The stock and bond markets rejoiced and prices rose over the last two weeks as muted inflation data gave investors confidence that the end of Fed Funds increases was here. Some bond

Weak China Crude Consumption Drives WTI Below US$77/b. We Are Getting Close To An Important Bottom. Global Economic, Political & Military Update The stock and bond markets rejoiced and celebrated via a nice rally in bond prices and stock prices as investors bet that the FED was done raising interest rates based on the press

US Energy Demand Softens. WTI Should Fall Below US$80/b In The Coming Weeks. Global Economic, Political & Military Update The FOMC meeting ended today and there was no change to the Fed Funds rate. However the commentary was hawkish. Inflation is still a problem with rising food prices and more importantly rising pressure from the

Weak European Economic Data Knocks Off US$5/b From The Israel/Hamas War Premium. Global Economic, Political & Military Update The focus in the Middle East is on hostage releases with Qatar playing a major role in negotiating hostage releases in return for food, medicine, water and fuel being allowed in via Egypt’s Rafah crossing. Daily needs

Middle East War Lifts Crude Prices US$5/b Over The Last Week. Fundamentals Don’t Justify Oil Prices This High. Global Economic, Political & Military Update The eyes of the world are focused on the Middle East after the massive terrorist attack and invasion by Hamas in southern Israel that killed 1,400 and saw the abduction of

US Production Reaches 13.2 Mb/d And Commercial Inventories Rise 10.2 Mb On The Week. WTI Crude Prices Vulnerable To Below US$80/b. Global Economic, Political & Military Update The eyes of the world are focused on the Middle East after the massive terrorist attack and invasion by Hamas in southern Israel. This surprise attack by air,

Stock Market Plunge Drags WTI Down Nearly US$10/b Over The Last Week. More Decline Likely For Markets And Crude Into End Of October. Global Economic, Political & Military Update The US Stock market is in a material correction with the Dow down over 2,700 points since the early August high of 35,700, now at 32,940,

Stock Market Correction Likely To Reverse Recent Crude Rally. High Beta Investments Getting Hit The Hardest. Global Economic, Political & Military Update The US Stock market is in a material correction with the Dow down over 2,200 points since the early August high of 35,700, now at 33,449. The NASDAQ is down over 1,400 points