A supportive IEA monthly report has encouraged a Friday rally for black gold, Texas tea. As prices ping around in their current tight trading range, approaching resistance once again, hark, here are five things to consider in oil (...and LPG...and LNG!) markets today:
Continue ReadingAnd it is Groundhog Day again, as the OPEC rumor-mill gets cranked up once more. Fortunately we get the welcome distraction of an inventory report tomorrow, while some respite follows that in the form of Thanksgiving. But for now, hark, here are five things to consider in oil markets today:
Continue ReadingCrude is drifting lower, looking rather trepidative ahead of another weekly inventory report, while dollar strength is also helping to put the kibosh on a rally. Hark, here are five things to consider in crude markets today:
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