The unusually harsh winds that have swept down from the Arctic in recent weeks guarantee that February will go into the books as among the coldest, if not the coldest, on record across much of the continental United States. Average heating degree days, at 253 last week, stood in stark contrast to the 175 norm for this time of year during the past several decades. Yet the steady blast of frigid air has done nothing to light a fire under natural gas. Read more about Natural Gas Gets the Cold Shoulder 02-26-15
Investors on both sides of the Atlantic are breathing just a bit easier today following recent developments in Europe. EU finance ministers meeting in Brussels yesterday agreed that there was room for compromise with Greece, which is demanding leeway to rollback at least a portion of the harsh austerity measures imposed on the country by its creditors. Nevertheless, Greece has yet to be given an extension on its bailout program. Read more about A Lot of Talk, Little Action, Big Expectations 2-12-15
Is this the start of a new bull market in crude oil or just a dead cat bounce doomed to falter? We look at the drivers of the oil market and where it’s headed.
Hint: We’re selling two of our energy positions, including one which has handed us a very healthy 15 percent profit in just seven weeks. Read more about Bull Market or Dead Cat Bounce