Concern About Collective Central Bank Tightening This Month Smothers Stocks. Global Economic, Political & Military Update US Treasury Yields have lifted sharply from 3.75% in early May to today’s high of 5.04%. The decade high was in early March at 5.05% so we are close to breaking out in yields. The battle over economic slowdown […]
Eye on Energy: July 6 Read More »
Energy Stocks Retreat As Crude Falls Below US$70/b. Great Buying Opportunity Imminent. Global Economic, Political & Military Update While the US took a ‘pause’ or a ‘skip’ on interest rates last week, other parts of the world continue to raise interest rates to rein in inflation. Today the Bank of England raised rates by 50
Eye on Energy: June 22 Read More »
US Commercial Crude Stock Build Of 7.9 Mb Last Week Pulls Down WTI Prices. Global Economic, Political & Military Update The FOMC meeting today came out with a hawkish view even though they decided to skip an increase this time. The majority of voting members see two or more increases this year so it now
Eye on Energy: June 14 Read More »
China Exports Declined 7.5% In May. This Weighs On Crude Prices. Global Economic, Political & Military Update The passage and signing of the debt ceiling bill last week gave the stock markets a bit of a bounce. President Biden got credit for getting a deal done with bipartisan support (more Democrats voted for the deal
Eye on Energy: June 7 Read More »
OPEC Jawbones Crude Futures Bears. WTI Rises By US$3/b In Recent Days Ahead Of Next OPEC Meeting On June 4th. Global Economic, Political & Military Update The US Debt Limit and spending cuts battle to get legislation through the House and Senate and then to President Biden to sign is not making progress. The schedule
Eye on Energy: May 24 Read More »
