Oil and Gas Rally as Investors Digest Economic Reports and High Temperatures

US index futures have returned to trading this morning in the Red with the three main contracts down 0.5%-0.6% so far. Over in Europe, the Dax and the FTSE are both down about 0.6%. It appears that disappointing Service PMI

New COVID Variant Sparks Big Capital Flows and Sharp Moves

Historically, Black Friday has been one of the quietest days of the year for US stock markets with many participants away and the market only open for a half day. Not this year. Overnight the WHO announced that a new

Crude Oil Climbs To Its Highest Level Since 2014!

SIA Wealth Morning Minutes: Crude Oil Climbs To Its Highest Level Since 2014! Crude oil contracts are breaking out to multi-year highs this morning. US crude oil, for example, has blasted through its 2018 high near $77.50/bbl and has carried

Natural Gas Slides as Storm Effect Fades

The recent run up in natural gas which was sparked by Gulf of Mexico production shut-ins related to Hurricane Ida appears to be coming to an end. The commodity price has come down 0.6% this morning as investors shift their

Stocks Slump Amid Mixed Earnings From Retailers

US markets appear to be heading for a lower open today with Dow futures down 0.3% and NASDAQ futures down 0.7% coming off a mixed Wednesday that saw the Dow finish up 0.3% and the NASDAQ retreat 0.6%. Overseas markets

Strong US Retail Sales Rebound and Energy Prices In Focus

With energy production in some parts of the US still being disrupted by the effects of recent winter storms that reached down into Texas, energy prices are active again today. WTI crude oil is up 1.5% and gasoline is up

Energy Prices Soar as Texas Snow Disrupts Distribution

When investors think if the potential havoc weather can wreak on energy production and distribution in North America, it’s usually related to summer hurricanes. This time around, its a winter storm which reached down into Texas over the weekend, causing

Stocks Climb Amid Mixed Earnings in Pre-Holiday Trading

Trading overnight was relatively quiet with several Asia-Pacific markets closed heading into the Lunar New Year holidays. European markets have been flat to slightly positive with the Dax rising 0.7%. US index futures are pointing toward a higher open this

Energy, Earnings and Employment Influence Trading and Sentiment

Thursday morning finds energy prices moving up once again, boosted by several factors. WTI crude oil is up 0.75% and putting $55.00 further into the rear-view mirror as OPEC+ agreed to extend current supply cuts and US weekly oil inventories

Focus Turns to Energy Rallies as Silver Slides

Commodity markets have been particularly active this morning. Natural Gas is up another 4.0% in the wake of yesterday’s big east coast storm and cold temperatures. Meanwhile WTI crude oil is up 2.3% this morning after OPEC producers indicated 99%