Market Commentary
The Japanese Economy Is Showing Signs of Slowing
July 12, 2019
In a Bloomberg update they gave a recap of some numbers that give rise to the indication that the trade war is having its impact on economies around the globe. Export-reliant Singapore’s gross domestic product unexpectedly shrank an annualized 3.4% in the second quarter, the biggest decline since 2012. China’s […]
Tropical Storm Barry is Giving Market Reason to Trade Higher
July 11, 2019
The DOE inventory showed a big decline to crude stocks and that set the market off on a big up day. Crude stocks were done 9.50 million barrels way more than any of the estimates. Crude oil stocks at Cushing, Ok were done 310,000 barrels. Gasoline stocks were down 1.46 […]
Gas Stocks Are Down and Distillates Are Up
July 10, 2019
The API reported after the close of the markets that crude stocks declined by a big 8.1 million barrels. Reuters is calling for a 3.1 million barrel decline for today’s DOE inventory report. Crude stocks at Cushing, Oklahoma the NYMEX WTI crude oil futures contract delivery point were down 754,000 […]