Real-time Monetary Inflation (last 12 months): 2.0%U.S. commercial crude oil inventories increased by a million barrels, the eighth consecutive weekly buildup reported by the U.S. Energy Department.... read more »
The Organization of Petroleum Exporting Countries (OPEC) has seen its influence over the global energy market wane in recent years, as a prolonged economic downturn caused demand for oil to plummet,... read more »
If you are wondering why the Fed did not remove the pledge to keep interest rates at an extremely low level for an "extended period" of time yesterday, just take a look at this morning's... read more »
Last week the New York Times released an article titled Mexico Oil Politics Keeps Riches Just Out of Reach (Krauss and Malkin, March 8, 2010). To the casual reader, this commentary on the oil... read more »
U.S. and Canadian trade numbers for the month of January were much stronger than the market had anticipated but weakness beneath the U.S. trade report's headlines pushed the U.S. dollar sharply... read more »
Real-time Monetary Inflation (last 12 months): 2.4%
This morning, the U.S. Energy Department reported domestic oil inventories rose for the seventh consecutive week. Playing catch-up with... read more »
Commodities are a TAX. They are the worst kind of tax because they flatly (not progressively) charge every man woman and child in this country more money for the same food, fuel, shelter and... read more »
Sometimes traders can make money by not being in a trade. It is ok to be in cash when you cannot find a trade that you are comfortable with. That is not to say we are not trading we have just been... read more »
Real-time Monetary Inflation (last 12 months): 2.2%
This week, the oil industry and Oil Patch watchers were all on the same side with their inventory guesses, but to vastly different... read more »
I couldn't pass up posting on the almost perfect short-term rising parallel trendline channel that has formed on the intraday chart of Crude Oil futures. It allows us to observe a key channeling... read more »
