We are witnessing a pivotal moment in investing history. After a decade of opening up all markets to the public and to more speculators with exchange traded products, some might soon be…
The weekly oil inventories data came out of the U.S. Department of Energy at 10:30 AM EST this morning. Crude Oil was already much higher on worries that draw-downs were taking their…
Douglas A. McIntyre We have been large fans of exchange-traded funds, exchange-traded notes, and other exchange-traded instruments which are open for trade throughout the day that are allowed to be invested in just like a…
Baker Hughes Incorporated (NYSE: BHI) has released its first rig count in weeks that shows an increase. This follows months and months of declining rig counts as many were down more than…
Douglas A. McIntyre Last week, there was more continued media coverage of the death of David Carradine about the weekend elections in Iran. Yet, here we sit on Monday and there have been riots in…
Douglas A. McIntyre The weekly DOE inventories confirmed the EIA data last night, and the data is about just as bullish for oil and energy prices. The United States Oil (NYSE: USO) ETF and iPath…
Douglas A. McIntyre Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for May 2009 and it looks like the endless slide we saw all of 2009 is being confirmed as either over…
Douglas A. McIntyre The D.O.E. has just released weekly data for crude oil, and the losses in weekly inventories appear to be a bit reversed this last week. Crude inventories came in up 2.866 million…
Douglas A. McIntyre It seems that the steady rise in oil prices is finally starting to support some stability in rig counts. We just got some fresh weekly rig count data from Baker Hughes Inc.…
Suntech Power Holdings Co., Ltd. (NYSE:STP) closed its follow-on offering of 23 million ADSs on May 28th. The price per ADS was $12.50, and the company raised net proceeds of about $277…
OPEC had noted that it would keep production levels unchanged, but also argued for a $75 ideal oil price. Whether or not the cartel that does not want to be called a…
Douglas A. McIntyre While the Fed has noted nothing about inflationary pressures, we have started seeing yet another return to the reflation trade as the economy seems to be bottoming out and all the new…
It looks like we are seeing the second week of draws in crude oil and oil products. The Department of Energy is confirming data from the EIA last night showing a second…
Douglas A. McIntyre Oil has just seen its first drop in inventories from the DOE in what feels like many weeks. The DOE reported that weekly inventories fell by -4.7 million barrels in crude oil…
Douglas A. McIntyre The weekly oil inventories are still building by the Department of Energy’s count. Last week we saw a build of 600,000 barrels of crude to 375.3 million barrels and distillates grew by…
Douglas A. McIntyre