December 4, 2019 | Daily JAM, Short Term |
Call it very, very cautious optimism. Maybe. Oil prices climbed ahead of the December 5 meeting of OPEC in Vienna. The oil market got a boost from a report today, December 4, from the U.S. Energy Information Administration that showed U.S. crude inventories fell by...
November 20, 2019 | Daily JAM, Volatility |
The Energy Information Administration reported today that U.S. oil inventories at the Cushing, Oklahoma hub fell by 2.3 million barrels. That was the biggest draw down in inventory at Cushing in three months. Supplies at the Cushing Hub reflect production in the U.S....
November 19, 2019 | Daily JAM, Morning Briefing, Short Term |
Oil prices are down significantly today, November 19, on speculation that data to be released tomorrow will show a fourth straight weekly increase in U.S. oil inventories and nervousness about a successful conclusion to U.S.-China Part 1 trade talks. As of 1:30 p.m....
July 2, 2019 | Daily JAM, Morning Briefing, Short Term |
A day after OPEC agreed on a deal to extend current production cuts until March 2020, Russia and nine other non-OPEC producers agree to a matching nine-month extension of supply cuts. In some oil markets, the news would have sparked a rally in oil prices. Less supply...
June 18, 2019 | CTVA, Daily JAM, Special Reports, Volatility, You Might Have Missed |
This isn't  time for investing as usual. As whacky as the first half of 2019 has been--the Federal Reserve embraces interest rate cuts, the U.S. and China descend further into a trade war, the U.S. economy turns in better than 3% growth but fears for a slowdown in...
June 17, 2019 | Daily JAM, Morning Briefing |
Oil markets today are asking reasonably if OPEC can't agree on a date for talks on extending production cuts, then what hope is there for an actual agreement to cut oil production? Iran has backed away from its insistence that OPEC meet in June as originally...
June 12, 2019 | Daily JAM, Mid Term, Morning Briefing |
Oil slumped to its lowest in almost five months and international benchmark Brent crude book below $60 a barrel today, June 12. U.S. benchmark West Texas Intermediate fell 4% today to $51.14 a barrel, threatening the $50 a barrel psychological benchmark. Brent fell...
June 11, 2019 | ALB, Daily JAM, FQVLF, Short Term, SQM, Volatility |
I think the strong move in commodities stocks today has more to do with continued weakness in the U.S. dollar than it does with any renewed faith in growth in the global economy. After all the U.S.-China trade war doesn't look any more settled today than it did last...
March 28, 2019 | Daily JAM, Short Term |
Oil prices twitched lower on the weekly report from the U.S. Energy Information Administration showing crude stockpiles growing by 2.8 million barrels last week, well ahead of analyst estimates. Prices didn't slide very far, however, since the market ascribed much of...
February 6, 2019 | Daily JAM, Morning Briefing, Short Term |
The oil markets keep waiting and waiting and waiting for oil inventories to show that the OPEC + Russia production cuts have balanced oil supply and demand. And they'll have to wait at least another week according to figures on U.S. oil inventories from the U.S....
December 13, 2018 | Daily JAM |
Saudi Arabia has told U.S. refiners to expect far lower oil shipments beginning in January. The reduction seems to be targeted not at reducing global stockpiles but at reducing the visibility of those stocks piles. The United States reports the size of oil stock piles...
December 10, 2018 | Daily JAM, Morning Briefing, Volatility, You Might Have Missed |
I dare you to find something global financial markets aren't worried about. And, moreover, many of the worries are re-enforcing each other today. So, for example, we've got U.S. Trade Representative Robert E. Lighthizer, saying on Sunday TV the the 90 day trade truce...
