We have just seen another build in crude oil inventories according to the Department of Energy data. The build is not in finished products, but the increase in crude oil inventories was…
It appears that oil stability and a large percentage rise off of lows is not enough for drillers. Baker Hughes Inc. (NYSE: BHI) released its weekly total rig counts for the US…
Douglas A. McIntyre Baker Hughes Inc. (NYSE: BHI) has just released its weekly total rig counts for the US and Canada and for offshore rigs. Despite the notion that oil is now back above $50.00…
Douglas A. McIntyre Some good news in the markets today and the massive influx of future money from the Fed and Treasury has led to a substantial increase in both crude oil and gold prices.…
Conventional wisdom has it the the price of gold tracks the price of crude oil. As oil rises, so does gold, and vice-versa. Probably the simplest explanation for the phenomenon is that…
Oil may have just gotten some wind taken out of its sails after flirting with $50.00 per barrel late yesterday. The DOE just released its weekly inventory data showing another build across…
Douglas A. McIntyre Oil flirted with the $50.00 handle today, which would be close to a 4-month high. This also marked the end of the April contract expiration, so now we roll over to May. …
Baker Hughes Inc. (NYSE: BHI) just released its weekly rig counts. Despite the fact that oil has recovered handily off its lows, it seems that oil rig operators still are not enthusiastic…
For the past few months, the global crude oil benchmark, WTI, has been trading lower than other crude varieties. No longer. On Friday, WTI closed higher than Dated Brent, $45.52 vs. $44.85.…
Douglas A. McIntyre Just about every economist says that the employment rates, ergo the unemployment rate, is a lagging indicator. The same is arguably true for the total number of rigs in oil and gas. …
Notwithstanding a solid fourth quarter and an up year, First Solar, Inc. (NASDAQ:FSLR) is off more than 15% in early trading this morning. We noted its strong earnings report yesterday, but warned…
