January 5, 2021 | Daily JAM |
Today, January 5, Saudi Arabia shocked OPEC+ with a voluntary 1-million-barrel-per-day output cut. The announcement came after OPEC and Russia agreed to allow a 75,000 barrels a day increase in total production from Russia and Kazakhstan in February and March. On the news U.S. benchmark West Texas Intermediate climbed 5.00% to $50 a barrel and international benchmark Brent gained 5.05% to $53.67 a barrel.
December 29, 2020 | Daily JAM |
Oil managed to close to the upside today, December 29, even though OPEC+ is set to add another 500,000 barrels a day to output starting in January.
April 7, 2020 | Daily JAM, Morning Briefing, Short Term |
The U.S. stock markets are closed on Friday, April 10, for Good Friday. That sets up a short week and a long weekend--which would be likely to produce higher than normal volume and volatility on Thursday anyway as traders and investors bought and sold to position...
June 6, 2019 | Daily JAM, Morning Briefing, Short Term |
Tomorrow, Friday, June 7, brings the May jobs report. Right now economists surveyed by Bloomberg are looking for the economy to add a robust 175,000 jobs with unemployment holding steady at 3.6% (as 49-year low) and average hourly wages growing at a very positive 3.2%...
May 24, 2019 | Daily JAM, Friday Trick or Trend |
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Friday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever. This past...
April 22, 2019 | Daily JAM, Morning Briefing, Short Term |
The Trump administration has announced that it will not renew waivers that have let some countries buy Iranian oil without facing U.S. sanctions. The waivers are set to expire on May 2. In March the countries that loaded the most oil from Iran were China (613,000...
January 24, 2019 | Daily JAM, Morning Briefing, Short Term |
Yesterday the American Petroleum Institute reported a surprise increase in U.S. crude oil inventories with a build of 6.55 million barrels for the week ending January 18. Oil analysts had expected a small draw down in crude oil inventories of 42,000 barrels. Today the...
October 9, 2018 | Daily JAM, Short Term, Volatility |
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...
August 9, 2018 | Daily JAM, Morning Briefing, Volatility, You Might Have Missed |
The United States has imposed new sanctions on Russia as punishment for that country's use of nerve agents in a March 4 attack on former spy Sergei Skripal and his daughter in the United Kingdom. The sanctions are required under the 1991 Chemical and Biological...
July 23, 2018 | Daily JAM |
Oil markets have apparently become immune to threats and counter threats from the Trump administration and the regime in Iran. In a Twitter post late Sunday, President Donald Trump wrote, “To Iranian President Rouhani: NEVER, EVER THREATEN THE UNITED STATES AGAIN OR...
July 18, 2018 | Daily JAM, Mid Term, Morning Briefing |
Sometimes it's how the market doesn't react that's important. Today the U.S. Energy Information Administration reported a surprising build in U.S. crude oil inventories of 5.8 million barrels for the week ended on July 13. This comes after a big drawdown of 12.6...
June 27, 2018 | Daily JAM |
Want to know how high oil can go? So do the oil markets, frankly. West Texas Intermediate closed today at $72.32 a barrel, up another 2.54%. The U.S. crude benchmark stood at $64.19 on June 15. That's a gain of 12.7%. Lurking in the wings is a demand by the Trump...
