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  • David Becker

    Strong crude oil production has pushed oil prices lower despite recent draws in crude oil stocks. The turning point in maintenance season has come quickly and refiners have started to draw on crude oil as the build stocks in gasoline and distillates. The last two weeks have seen substantial draws in crude oil, but this

  • David Becker

    Petroleum prices edged higher on Friday, despite a stronger than expected US payroll report which ignited riskier assets. Stock prices soared on the open and yields climbed higher, but crude oil traders were not willing to bid up prices, despite Wednesday’s stronger than expected draw in crude oil inventories. The term structure of crude oil

  • David Becker
    Commodity » Gold Poised to Test Lower Levels
    David Becker - December 5, 2013, 13:42 GMT

    Gold prices continued its move lower on Thursday after experiencing a brief respite during the early portion of the week. Hedge fund traders continue to line up on the short side of futures and options positions according to the most recent industry report. With inflation expectations dwindling, there is little demand for gold, which could

  • David Becker

    Gold prices sliced through support levels on Thursday on the heels of weaker than expected inflation number that reflect a declining price environment. Gold prices are usually used as a proxy for inflation, and with consumer and producer prices declining as reported this week by the Department of Labor, gold has declined in tandem. Over

  • David Becker
    Commodity » Crude Oil Cannot Catch a Bid
    David Becker - November 20, 2013, 13:26 GMT

    Crude oil prices continue to attempt to gain traction but the overhand of inventories in the US, and the dearth of global demand has kept a lid on prices. Heating oil continues to see gains relative to crude on the heels of strong demand and relatively low supplies of distillates according to the most recent

  • David Becker

    Oil prices are hovering near unchanged on Monday, after declining for most of the prior week. Hedge fund traders continued to dump long positions and add to short position which has accelerated the downward movement of WTI crude oil. Heating oil has been faced with headwinds as warmer than expected weather has blanketed most of

  • Negative momentum points to lower prices

    Oil prices retreated from their recent highs falling nearly $5 per barrel on a WTI basis.  The decline comes despite better than expected inventory data released by the Department of Energy on Friday and is more of a function of weakening global economic data. On Wednesday, global banking giant HSBC (NYSE:HSBC) released their flash PMI

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