Crude Oil traded at over $103 dollars a barrel overnight and could continue to rise.  Supply should not be much of a concern with a weakening economy expected.  However, geopolitical concerns along with inflows of investment dollars are sparking a rise in oil.  The lowering of interest rates are also providing fuel for speculative investors.
To [...]

The February 27th inventory report showed an increase in Crude Oil supplies by 3.2 million barrels and an increase in Gasoline by 2.3 million barrels.  The increase in gasoline supplies was much higher than originally expected.  Crude Oil supplies at Cushing Oklahoma also went up by 200,000 barrels.
To view a recent article on the matter, [...]

There are a number of views on the inventory report released today.  The numbers clearly look to support the bears but the market has yet to fall.
To view a recent article click here:
http://online.wsj.com/article/SB120360681776683011.html?mod=googlenews_wsj
 
James Sutliff

Crude oil inventory rose 4.2 million barrels for the week.  Gasoline increased 1.1 million with heating oil supplies being drained 4.5 million.  This shouldn’t come as much of a surprise since refineries are switching over to gasoline at this time of year.
To view a recent article click here:
http://www.forbes.com/markets/feeds/afx/2008/02/21/afx4681118.html
 
James Sutliff

The Federal Reserve indicated that they expect higher inflation as well as increased unemployment.  This is a tricky combination since the main tool to fight inflation would be to increase interest rates.  At the current time an increase in interest rates in not likely.
To view a recent article click here:
http://news.yahoo.com/s/ap/20080220/ap_on_bi_ge/fed_economy
 
James Sutliff

Responses to a Bloomberg survey indicate a rise in supplies for the inventory report due out Thursday.  The report is delayed one day due to President’s Day.  The report is expected to show an increase in crude oil supply of 2.28 million barrels, an increase in gasoline of 500,000 barrels and a decrease in distillates [...]

Oil broke the $100 dollar mark again yesterday. This record took place with demand likely to fall and a weekly inventory report to probably show an increase in supply. This week the inventory report could be a lulu with crude oil, distillates and gasoline all rising. The chance of OPEC cutting production with prices this [...]

Chavez has changed his mind for the time being.  He has now determined that his nation will not cut off oil supplies to the America.  I imagine someone informed him that the refineries that can handle his sour crude are located here.  Maybe he decided to buy puts and make the announcement later.  All that [...]

Exchange traded notes are fast becoming a hot political issue.  The notes which have previously been available to only a small market have now become more accessible to the public.  What is being dubbed as “Derivatives for the masses” have put a scare in the mutual fund industry.  Barclays Plc started the product which is [...]

Oil prices moved sideways today after an inventory report that landed near expectations.  The end result should be that the market is solid and prices should fall.  The report has yet to be fully digested by traders.
To view a recent article click here:
http://ap.google.com/article/ALeqM5i5TtajgUpSm7KY5jf-lCJGHBB-tAD8UPHL9O0
 
James Sutliff