Market Analysis

Disasters all around

By Phil Flynn | September 20, 2017

Oil prices are rising on bullish supply data from the American Petroleum Institute (API) and talk that the joint OPEC/non-OPEC Ministerial Monitoring Committee (JMMC) on Friday night set the stage for an extension of the existing production cut agreement as compliance with the current deal is starting to improve.

Refiners on the run

By Phil Flynn | September 19, 2017

Oil prices are rising on hopes that Hurricane Jose will not do any damage to East Coast refiners that are running hot and heavy to make up for lost supply from Gulf Coast refiners that were hit hard by Hurricane Harvey. Refiners are already having success with getting gasoline prices to fall but there is more work ahead of them.

You have got trouble

By Phil Flynn | September 18, 2017

Hurricane activity and a big drop in U.S. rig counts will force traders to look at forces that may hit both supply and demand.

Bitcoin drops significantly

By Mike McAra | September 15, 2017

The fact that mainstream media outlets have picked up both on Bitcoin’s meteoric rise and on the recent news from China suggests that the interest in the currency might have peaked.

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