Surprise! Did you know oil is in a bull market now?
U.S. benchmark West Texas Intermediate is still off 30% from its October high, but the commodity is up more than 20% form its December 24 low. In other words, oil is in a bull market. At yesterday's close (January 10), West Texas Intermediate was up 23.7% from that...
IMF warns on slowing global growth ahead of G20 summit
The ink is barely dry on the October 9 World Economic Update from the International Monetary Fund, which warned of the dangers of slowing global growth ahead. But the IMF is at it again. The fund has downgraded its forecast from the already downgraded October forecast...
Saturday Night Quarterback says (on a Sunday), For the week ahead expect…
... volatility in asset classes that range from oil to stocks to the U.S. dollar, as traders and investors try to figure out how to "price in" a metric ton of macro uncertainty scheduled for the next three weeks. Enjoy turkey and family and friends the week because...
Market stumbles on trade news
Oil prices are up today with U.S. benchmark West Texas Intermediate ahead 2.07% to $56.84 a barrel as of 11:30 a.m. in New York. International benchmark Brent crude has gained 2.23% to $66.93 a barrel. Both prices remain below the psychologically important $60 a...
Oil plunges again–what’s next?
Oil prices went into free fall today, continuing the bear market in the commodity. U.S. benchmark West Texas Intermediate fell 7.73% on the day to $55.30 a barrel. International benchmark Brent dropped 7.05% to $65.18 a barrel. Yesterday oil had rallied on news out of...
OPEC talks big–or at least one OPEC member does–about not cutting production
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Junk oil: The collapse in oil prices is leading a rout in the energy junk bond market, which is sending energy shares still lower
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Download Jim’s eBook for Free
