Bulls remain in control this morning as geopolitical pressure combines with near-record refining margins and run rates to keep oil bid. Yesterday's high of 83.17 held overnight, and old resistance at 82.06 flipped into support, setting up futures to test a breakout above 83.17 into the US open. Dan'
Pinnacle West Capital has underperformed the broader market over the past year, but analysts are moderately optimistic about the stock’s prospects.Pinnacle West Capital Logo on Phone Screen, Company Icon By Postmodern Studio
September WTI crude oil (CLU26) closed up +2.00 (+2.33%) on Thursday, and September RBOB gasoline (RBU26) closed up +0.0078 (+0.24%). Crude oil and gasoline prices settled higher on Thursday, with crude oil climbing to a 1-month high. Crude prices rose after President Trump threatened to crush Iran’
September Nymex natural gas (NGU26 ) on Thursday closed down -0.081 (-2.88%). Nat-gas prices fell sharply on Thursday amid forecasts for cooler US temperatures, potentially reducing nat-gas demand from electricity providers to power air conditioning. The Commodity Weather Group said on Thursday tha
Canadian stocks are outperforming US equities — but can that momentum continue? Ryan Irvine of Keystone Financial and Philip MacKellar of Contra the Heard break down where they’re finding value.Oil pipeline in winter by Robson Machado via Pixabay
September WTI crude oil (CLU26) is up +2.03 (+2.37%) today, and September RBOB gasoline (RBU26) is up +0.0008 (+0.02%). Crude oil and gasoline prices are moving higher today, with crude oil climbing to a 1-month high. Crude prices are rising after President Trump threatened to crush Iran’s economy,
December crude posted a bearish outside day yesterday after the Treasury surprised markets with an accelerated debt buyback plan, shifting borrowing toward the short end of the curve and sparking a sharp reversal in long-term rates. But geopolitics are back in front this morning. The UAE has cut off
Bridgewater Associates increased its Shell stake by roughly 390% in the second quarter, raising its holding to 1.53 million shares amid strong cash flow and a strategic shift toward LNG and gas assets.The index of oil up by Pashalgnatov via istock
September WTI crude oil (CLU26) closed up +0.89 (+1.05%) on Wednesday, and September RBOB gasoline (RBU26) closed down -0.0466 (-1.41%). Crude oil and gasoline prices settled mixed on Wednesday, with crude oil posting a 4-week high. Wednesday’s sharp decline in the dollar index ($DXY ) to a 2.5-mon
September Nymex natural gas (NGU26 ) on Wednesday closed up +0.038 (+1.37%). Nat-gas prices rallied to a 4-week high on Wednesday and settled higher. The shift in US weather forecasts to show intensely hot temperatures covering the US South and West through the end of this month propelled nat-gas p
Billionaire Peter Thiel disclosed a roughly 1% stake in Vista Energy, spending about $76 million to acquire 1.2 million American depositary shares through Thiel Macro LLC.A shot of Peter Thiel speaking at a podium by mark reinstein via Shutterstock
September WTI crude oil (CLU26) is up +1.42 (+1.67%) on Tuesday, and September RBOB gasoline (RBU26) is down -0.0122 (-0.37%). Crude oil and gasoline prices are mixed today, with crude oil posting a 3-week high. Today’s sharp decline in the dollar index ($DXY ) to a 2.5-month low is bullish...Satel
Crude closed nearly flat yesterday after giving back most of an early rally that had pushed futures up over a dollar from Monday's settlement. Buying pressure faded after the first hour of the US session, and sellers pushed price back down to the key 81.00 level, which held firm. Macro flows are run
Another Watson Wednesday for the Commodity Complex with world War drums growing louder in the distance.Commodities on laptop keyboard by Maxx-Studio via Shutterstock
September WTI crude oil (CLU26) closed up +0.44 (+0.52%) on Tuesday, and September RBOB gasoline (RBU26) closed up +0.0316 (+0.97%). Crude oil and gasoline prices extended Monday’s sharp rally on Tuesday and posted 3-week highs as the US and Iran remain deadlocked over control of the Strait of Hormu
September Nymex natural gas (NGU26 ) on Tuesday closed up +0.086 (+3.20%). Nat-gas prices settled sharply higher on Tuesday amid forecasts of above-average temperatures in the US South, boosting nat-gas demand from electricity providers to power increased air conditioning use. The Commodity Weather
Senior Market Strategist John Rowland, CMT, checks up on the crack spread trade, and takes a look at where investors can find alpha in the newest consumer energy trend.Power pylons in blue sky by zhu difeng via Adobe Stock
Strait of Hormuz by artemegorovv via Shutterstock
December crude oil futures rallied $2.34 to settle at 80.83 as the ceasefire with Iran kept coming apart. Hostilities restarted in Lebanon over the weekend while Iran continued striking tankers moving through the Strait of Hormuz. The White House responded aggressively, threatening to strike Oman an
While a few markets saw what could be called Turnaround activity overnight through early Tuesday morning, the bulk of the commodity complex continues to find solid fund buying.3d illustration inflation and deflation graph by Deepadesigns via Shutterstock
