Category Archives: Options & Futures

Crude Inventory & Futures Gain –

Crude inventories rose more that 2 million barrels and that figure is more than double analyst expectations.  Nevertheless, Crude futures are still rising and some of the gains can be attributed to seasonal activity.  Refiners also increased capacity to 89% … Continue reading

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Oil Contango Soars –

The storage costs for oil are soaring and are currently at the highest level in nearly four months.  Inventories are at a near record high and the premium for future delivery is around the same cost as storage.  The rising … Continue reading

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EIA Data Shows Gain –

EIA data released this morning showed a rise of 1.9 million barrels of crude oil.  An inventory rise of 300,000 barrels was expected from analysts.  Stockpiles of Gasoline rose 3.6 million barrels and a slight increase of only 100,000 barrels … Continue reading

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Natural Gas Plummets –

Natural Gas took a dive today with prices falling over 2o cents for the May, June, and July contracts.  Supplies grew higher than analysts expected and the rig counts also increased in number.  Unemployment numbers also increased which indicated to … Continue reading

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Oil Inventory Declines –

Inventory of crude oil declined 2.2 million barrels today which was a major difference from analysts expectations.  A Platts survey indicated that an increase of 1.6 million barrels would be in the released data.  The news sent crude over the … Continue reading

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Job Report Makes Oil Surge –

A positive job report was released and this sent oil to almost $87 dollars a barrel.  Trading today marked the highest that oil has reached in the last 17 months.  Some analysts view the job report as a sign that … Continue reading

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SandRidge Energy Acquires Arena –

SandRidge Energy acquired Arena Resources Inc. for $1.6 billion in cash and stock.  The move is an attempt by SandRidge to move away from Natural Gas and towards Oil.  Tom Ward, the SandRidge CEO, stated that drillers can make ten … Continue reading

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Natural Gas Storage –

The all important storage report for natural gas was released today and it indicated that supplies grew less than expected.  Analysts predicted an increase of 14 to 18 billion cubic feet but supplies only grew by 12.  This number also … Continue reading

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Natural Gas Report –

Natural Gas storage increased 11 billion cubic feet last week and that was in line with analyst expectations.  This marked the first increase in storage levels for the year and it helped send prices for the April contract below the … Continue reading

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Crude Falls On Supply Increase –

Crude Oil inventories showed a sharp increase rising 7.245 million barrels last week.  This far exceeded the 1.67 million barrel gain that was predicted by Platts.  The warmer weather and lower refinery utilization rates are part of the reason for the … Continue reading

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Natural Gas Plummets –

Natural Gas fell to a five month low when supply reports indicated a drop less than expected.  The decline was only 11 billion cubic feet which was much lower than the 30 that was predicted.  Also, the weather reports indicate … Continue reading

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Crude Rises –

Crude oil rose in price as supplies increased less than analysts expected this week.  Important economic data is due out tomorrow and that may determine the trend for prices in the weeks ahead.  The consumer price index and the jobs … Continue reading

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Natural Gas Inventory Report –

For the week ending February 26th, Natural Gas stockpiles fell 116 billion cubic feet.  This falls below expected declines of 128 to 132 cubic feet.  The price of Natural Gas is reacting with April contracts falling almost 20 cents by the … Continue reading

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Crude Oil Inventory Soars –

According to EIA data, crude oil inventory soared 3 million barrels last week.  This exceeded expectations and may be an indicator of price adjustments in the near term. To read an article by CBS Marketwatch, please click here: http://www.marketwatch.com/story/crude-oil-stockpiles-surge-products-fall-eia-2010-02-24   … Continue reading

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Natural Gas Inventory Declines-

The inventory of natural gas declined this week less than expected by analysts.  Future inventory reports may continue to show weaker draws due to an increase in rig counts, LNG shipments, and a warmer end to winter weather. To read … Continue reading

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