26
Feb
Commodity Watch Crude Oil Continued To Hang Close To $100: April crude rallied $0.42 to close at 99.23 yesterday, once again coming within a hair's breadth of $100 as geopolitical issues took center stage before another expected rise in U.S. crude inventories this Thursday. This morning crude is trading off $0.30 to $0.40 but unless [...]
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25
Feb
Commodity Watch: Crude Oil continued a two week rally last week, touching $100.86 on the April contract before closing up 3.5% at $98.81. This morning crude is trading flat to up slightly. Turkey Shoot Watch: Turkey continues to press their attack against Kurdish rebels in Northern Iraq. There's probably little danger to oil infrastructure over [...]
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23
Feb
1) The energy sectors outperformed the broad market. As you can see from the table above rising oil and natural gas prices helped out but the energy remains tied to the broader market's woes YTD despite generally blow out fourth quarter results. 2) Oil tops $100 As March Contract Expires; April Crosses Into Trip [...]
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22
Feb
As it's Friday and people are tired of reading by this point I thought I'd change the normal order of the post putting (CHK) at the top. We've had a love/hate relationship with the stock for quite some time now. Make that, we love the company, but trading in the stock has been … trying [...]
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21
Feb
Natural gas rallied on Thursday after the release of a generally in line storage number (172 Bcf draw) reaching as high as $9.05 before retreating to close the day down 7.4 cents to $8.891. The decline came amidst falling crude prices. Have we seen the near term top for natural gas prices? I can't [...]
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