Futures News Oil 

Why commodities and gold won’t protect you from inflation’s punch

“Clearly, an investor is on shaky ground making the blanket statement that commodities are a good inflation hedge” writes Mark Hulbert for marketwatch.com. But why dilute the inflation hedge provided by energy with other commodities that historically have not been good inflation hedges?. Case in point: Not all commodities historically have been good inflation hedges.If you’re tempted to invest in commodities as a hedge against inflation, beware.Believe it or not, despite gold’s reputation as an inflation hedge, it also historically has had a spotty record at best of doing so. Source:…

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News Oil Reviews 

Oil Daily Review February 15, 2018

Oil Daily Review for February 15, 2018 Oil rebounds to end sharply higher after inventory data Oil futures rebounded from early losses, ending sharply higher after a smaller-than-expected rise in U.S. crude inventories. West Texas Intermediate c   Oil turns higher after smaller-than-expected inventory rise The U.S. oil benchmark edged higher, erasing an earlier loss, after government data showed a smaller-than-expected rise in crude inventories last week   WTI Crude Oil and Natural Gas Forecast Febraury 15, 2018 The WTI Crude Oil market initially went sideways during the trading session…

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News Oil Stocks 

FTSE 100 moves solidly higher as oil and mining stocks rise

“U.K. blue-chip stocks on Thursday were pulled higher, with advances for mining and oil shares setting the market on course for a second straight rise” writes Markets Reporter for marketwatch.com. Shares of oil producers BP PLC BP., +0.40% BP, +1.71%  climbed 2.1% and Royal Dutch Shell PLC RDSB, +0.00% RDS.B, +1.94%  picked up 1.2%.Supported by those rises for metals and oil, shares of mining and energy companies gained ground in London, helping drive the index higher.The FTSE 100 UKX, +0.70% added 0.5% to 7,252.64, led by the basic materials and…

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Markets News Oil 

A year into OPEC’s production cuts, Asia’s oil markets have tightened

“WHERE FROM HERE? The main factors that could flip oil markets back into oversupply are an end to OPEC’s and Russia’s production restraint and soaring U.S. output” reports businessinsider.com. U.S. crude production hit a fresh record of 10.27 million barrels per day this month, more than top exporter Saudi Arabia pumps, and within reach of top producer Russia.What’s more, shipping data shows the majority of tankers storing oil around Singapore are only part full.The oil price curve shows spot prices to be almost $4 per barrel above those for delivery…

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Markets News Oil 

History could be repeating itself in the oil market

“The reason why the oil market might suffer from a renewed glut largely comes down to soaring U.S. shale production” writes Nick Cunningham for businessinsider.com. But even as the elusive “balance” in the oil market is within reach, the IEA says things might quickly reverse.That was the warning from the International Energy Agency, which said in its latest Oil Market Report that a “second wave” of shale supply threatens another downturn.Total global oil supply is expected to grow faster than demand this year, which could lead to another downturn.Meanwhile, Venezuela’s rapid…

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News Oil 

Oil erases loss after smaller-than-expected inventory rise

“A survey of analysts by The Wall Street Journal had produced an average forecast for a 2.6 million barrel rise, and data from the American Petroleum Institute, an industry trade group, had shown a 3.9 million barrel rise Tuesday” writes Christopher Alessi for marketwatch.com. Oil futures rebounded from early losses after government data showed crude inventories rose less than expected last week, but then struggled to maintain gains on continued worries about rising U.S. production. Source: marketwatch.com Share This:

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Markets News Oil 

OPEC will be forced to ‘play second fiddle’ to the US in 2018, analyst says

“U.S. shale producers are churning out crude oil at such a relentless pace that the country will soon become the most influential player in the energy market, according to an analyst” writes Brittany Sowacke for cnbc.com. “Few can dispute that 2017 belonged to OPEC after it successfully reasserted its pricing influence over the oil market,” Stephen Brennock, oil analyst at PVM Oil Associates, said in a research note Wednesday. “This year, however, its production curbs will increasingly have to make do with playing second fiddle to a Texas-sized wave of…

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Markets News Oil Regulators 

Consumer prices jump much more than forecast, sparking inflation fears

“U.S. consumer prices rose considerably more than expected in January, fueling fears that inflation is about to turn dangerously higher” writes unknown author for cnbc.com. The Consumer Price Index rose 0.5 percent last month against projections of a 0.3 percent increase, the Labor Department reported Wednesday.Excluding volatile food and energy prices, the index was up 0.3 percent against estimates of 0.2 percent.The report indicated that price pressures were “broad-based,” with rises in gasoline, shelter, clothing, medical care and food. Investors also began to price in the likelihood that the Federal…

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