Short Crude Oil 4-Legged Spread, Long Brent Crude Calendar Spread, and short Copper Calendar Spread
Brent Crude dropped (6.5%) for the week and is approaching a strong long-term support level. WTI Crude has a very similar set-up. I expect an eventual bounce near this level, but trading could continue to drift lower in the short term.
Crude Rebounds as U.S. Refills the Strategic Petroleum Reserve
January WTI crude oil (CLF24 ) on Friday closed up +1.86 (+2.68%), and Jan RBOB gasoline (RBF24 ) closed up +0.0498 (+2.49%). Crude oil prices Friday rebounded from Thursday's 5-1/4 month low and posted moderate gains. Crude rallied Friday after better-than-expected U.S. economic reports on Nov payrolls and Dec consumer...
Above Normal U.S. Temps Weigh on Nat-Gas Prices
January Nymex natural gas (NGF24 ) on Friday closed down -0.004 (-0.15%). Nat-gas prices Friday closed slightly lower but remained above Thursday's 3-1/2 month low. Nat-gas prices have been under pressure this week on weather forecasts calling for above-average temperatures that would reduce heating demand for nat-gas. The Commodity Weather...
Crude Prices Jump as the U.S. Refills the Strategic Petroleum Reserve
January WTI crude oil (CLF24 ) this morning is up +1.58 (+2.31%), and Jan RBOB gasoline (RBF24 ) is up +0.0450 (+2.25%). Crude oil and gasoline prices this morning are moderately higher. Energy prices are climbing today after better-than-expected U.S. economic reports on Nov payrolls and Dec consumer sentiment reduced...
Will El Nino Indued Warm December US Weather Patterns Ever Turn Colder?
Weather patterns this past week and for the coming 15-days are exceptionally bearish for natural gas demand as warmer than normal temperatures rule vast stretches of the US.
On sidelines of COP28, Emirati 'green city' falls short of ambitions, but still delivers lessons
A bold, innovative project begun nearly a generation ago to erect a “green-city” in the United Arab Emirates has run into realities and largely missed its mark
El Niño, winter weather forecasting techniques, and the collapse in natural gas prices
In this video, watch and listen to Jim Roemer's proposition that the coming winter will likely be a warm one... weak polar vortex included (check it out!)
Decades after Europe, turning blades send first commercial offshore wind power onto US grid
Off the coast of eastern Long Island, an 800-foot tall turbine has begun sending electricity onto the U.S. grid from what’s set to be the country’s first commercial offshore wind farm
Weakness in Crude Oil Persists on Oversupply Concerns
January WTI crude oil (CLF24 ) on Thursday closed down -0.04 (-0.06%), and Jan RBOB gasoline (RBF24 ) closed down -0.0190 (-1.43%). Crude oil and gasoline prices on Thursday extended Wednesday's sharp losses, with crude oil falling to a 5-1/4 month low and gasoline falling to a 1-year low. Concern...
Nat-Gas Prices Recover Early Losses as Weekly EIA Inventories Fall More Than Expected
January Nymex natural gas (NGF24 ) on Thursday closed up +0.016 (+0.62%). Nat-gas prices Thursday recovered from early losses and posted moderate gains after weekly EIA nat-gas inventories fell more than expected. The EIA reported that nat-gas supplies fell -117 bcf last week, a larger draw than expectations of -109...
Company Insiders Are Loading Up on This Energy Stock Under $20
Oil futures have cratered below $70 per barrel this week - so what's driving company insiders to load up on this low-priced energy stock?
Dollar Weakness Sparks Mild Short-Covering in Crude Oil
January WTI crude oil (CLF24 ) this morning is up +0.05 (+0.07%), and Jan RBOB gasoline (RBF24 ) is down -0.0193 (-0.95%). Crude oil and gasoline prices this morning are mixed, with gasoline falling to a 1-year low. A weaker dollar today has sparked some mild short-covering in crude oil....
How to Market Your Business During Economic Uncertainty
Successfully marketing your business is a challenge regardless of economic uncertainty. But when its overall performance doesn’t look like it’s going to trend upward, this uncertainty can make you sweat. Your marketing dollars must work harder, while your creative campaigns really need to hit the mark with your audience. Simply...
Stock Market Rises Amid Contradictory Expectations
The stock market has been experiencing an 11% increase in the past month, driven by the anticipation of two seemingly contradictory factors: corporate solid earnings growth and multiple interest rate cuts by the Federal Reserve. With traders and investors betting on the best of both worlds, examining the reasoning behind...
Crude Prices Sink on Global Oversupply Worries
January WTI crude oil (CLF24 ) on Wednesday closed down -2.94 (-4.07%), and Jan RBOB gasoline (RBF24 ) closed down -0.0801 (-3.80%). Crude oil and gasoline prices on Wednesday sold off sharply, with crude falling to a 5-month low and gasoline tumbling to a 1-year low. Concern about excess global...
Nat-Gas Prices Plunge on Forecasts for Above-Average U.S. Temps
January Nymex natural gas (NGF24 ) on Wednesday closed down -0.141 (-5.20%). Nat-gas prices Wednesday sold off sharply and posted a 3-month low. Nat-gas prices fell on updated weather forecasts calling for above-average temperatures that would reduce heating demand for nat-gas. Forecaster Maxar Technologies said Wednesday that U.S. weather forecasts...
Oilseeds – Global Weather Risk (WX) Report - Marcus Weather Inc.
A fortnightly weather risk outlook discussing global production of any (but not limited to) of the following: corn, soy, wheat, rapeseed, sunflower and palm oil – by Marcus Weather Inc – marcusweather.com
2 Beaten-Down Solar Stocks Due for a Rebound
These two solar stocks are the worst-performing S&P 500 stocks of 2023, but they could be poised for a turnaround if the macro forecast improves as expected next year.
Crude Prices Plunge on Concern About Excess Global Oil Supplies
January WTI crude oil (CLF24 ) this morning is down -2.79 (-3.86%), and Jan RBOB gasoline (RBF24 ) is down -0.0780 (-3.70%). Crude oil and gasoline prices this morning are sharply lower, with crude falling to a 5-month low and gasoline tumbling to a 1-year low. Concern about excess global...
Why are Natural Gas Prices So Low?
The peak demand season in the natural gas market begins in late November and runs through March when heating demand peaks. After rising from March through November, the natural gas in storage across the United States falls during the winter when the price tends to reach seasonal highs. In early December 2023, natural gas futures prices ignored seasonality and were sitting below the $2.65 per MMBtu level for January 2024 delivery.
The Customer Experience-Finance Paradox: How to Deliver Both
Customer experience writer and keynote speaker Stan Phelps once said, “Customer experience isn’t an expense. Managing customer experience bolsters your brand.” In the present-day business landscape, companies face growing demands to provide excellent customer experiences while ensuring their finances are well-kept. For many, this can be challenging, as balancing these...
Gold Price at New Highs? Sellers Say NO.
The huge rally in gold and the monstrous decline that followed provided a sign of epic proportions.
At COP28, John Kerry unveils nuclear fusion strategy as a source of clean energy
The United States will work with other governments to speed up efforts to make nuclear fusion a new source of carbon-free energy, U.S. Climate Envoy John Kerry said Tuesday, while in Dubai for U.N. climate talks
Is Brazil's Biggest Oil Stock a Value Buy Right Now?
As Brazil becomes the latest member of the OPEC+ alliance, could the country's state-run energy giant Petrobras emerge as a top oil pick for 2024?