Top

Tag Archives | Gasoline

LNG Ship

We Think the Path of Least Resistance is Pointing Down

CRUDE OIL MARKET FUNDAMENTALS: The crude oil market was content to trade in negative territory yesterday with weakness more than likely the result of news of a restart of production in Libya that was halted last week. One might also suggest that recent strength in the dollar and a noted breakdown in equities this week […]

Continue Reading
OilRig-595

More Down as Supply Builds Return and Demand is Suspect

CRUDE OIL MARKET FUNDAMENTALS: With a breakdown below the March low overnight and a residually large spec and fund positioning, it isn’t surprising to see May crude oil range down sharply again. It is likely that significant declines in US equities evoked a portion of the current selling wave in a number of industrial commodities […]

Continue Reading
OilRig-595

The Path of Least Resistance is Pointing Upward Again Today

CRUDE OIL MARKET FUNDAMENTALS: February crude oil managed to forge another higher high for the move overnight and managed that action in the face of moderating US temperatures and more importantly, in the face of renewed Libyan oil export capacity and targeted increases in Libyan production for the month of December. The Libyan situation is […]

Continue Reading
NatrualGasBurner-595

A Mostly Positive Tone Today Off Saudi Dialogue

CRUDE OIL MARKET FUNDAMENTALS: Crude oil may have increasing optimism of lower global output on the horizon, but it continues to have to deal with a US domestic supply glut. However, the market overnight has discounted news of higher Saudi oil output for the month perhaps because of developing weakness in the Dollar and renewed […]

Continue Reading
NatrualGasBurner-595

We Leave the Edge With the Energy Bears Today

December crude oil prices did manage to spend some time in positive ground yesterday but it was unable to hold those gains into the close and there has been fresh damage on the charts again this morning. With the market fearful that Iraq will leave their production levels intact, Iraqi exports showing monthly gains, a […]

Continue Reading
OilRig-595

We think energies are Overbought Into the Overnight Highs

CRUDE OIL MARKET FUNDAMENTALS: The prospect of a producer production cutback agreement ebbed and flowed on Wednesday, but the debate clearly shifted to deal late Wednesday afternoon. Apparently the Algiers meeting yielded some positive price results but seeing the details of a plan delayed until November has left the market flat footed after the double […]

Continue Reading
OilRig-595

We Think the Market Is Now Giving too Much Credit to OPEC

CRUDE OIL MARKET FUNDAMENTALS: Another higher high for the move in crude oil overnight extends the overbought technical condition, but seeing a decline in US crude oil stocks above expectations yesterday has caught the attention of the market again. Furthermore weakness in the Dollar combined with positive action in the German DAX overnight seems to […]

Continue Reading
NatrualGasBurner-595

We Think the Crude Rally is Beginning to Get a Little Overdone

CRUDE OIL MARKET FUNDAMENTALS: The reverberation of coordinated production control talk has continued to fuel crude oil and other energy markets higher into the 2nd trading session of the week. In a new wrinkle, the market also saw speculation that Venezuela might be set to have trouble maintaining oil production without investment. The problem with […]

Continue Reading
OilRig-595

The Path of Least Resistance in Energies Remains Down

CRUDE OIL MARKET FUNDAMENTALS: Despite potentially supportive US economic news yesterday and positive international views this morning, crude oil prices have slumped and given off the impression of an impending downside washout. News that the IMF reduced their global growth forecast yesterday probably dampens more favorable sentiment toward the UK this morning. In fact an […]

Continue Reading

The Hightower Report
141 W. Jackson
Suite 4002
Chicago, IL 60604
Phone: 312-786-4450 | 800-662-9346
Fax: 312-786-4451