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OPEC output increased by 440 kb/d according to secondary sources in February. Most of the increase in OPEC output was from Saudi Arabia (141 kb/d) followed by Libya (105 kb/d), Iran (44 kb/d), Iraq (36 kb/d), and Kuwait (32 kb/d). World liquids output was about 1000 kb/d below the...
This Thursday, I expect the EIA to report 1,440 bcf of working gas in storage for the week ending Mar. 11. I anticipate seeing a draw of 79 bcf, 14 bcf larger vs. the five-year average for this time of the year. The latest numerical weather prediction models agree that over the ne...
The economic implications of Russia’s war are potentially large and global. Domestic Chinese spending will be hit, owing to higher petrol and food prices that dampen consumption. Russia and Ukraine account for 14% of global wheat production and 30% of global wheat exports. ...
We see the Ukraine war reducing global growth, increasing inflation and putting central banks in a bind. We prefer developed stocks in the inflationary backdrop. Stocks led by European equities bounced from 2022 lows last week, as oil prices came off highs. The European Central Bank a...
The U.S. ban on imports of Russian crude oil is effective immediately, while Britain said they will phase out Russian crude oil imports by the end of this year - meaning 9+ months of phased withdrawal. Europe is “hooked” on Russian energy, so Germany has come out against...
Inflation and its implications for real economic growth are the main portfolio positioning consideration of the conflict in Ukraine. On the 8th of March, the U.S. sanctioned Russian energy imports, giving companies 45 days to comply. Higher commodity prices are not the only factor...
The yield curve has flattened considerably and the spread between the 2-year and 10-year Treasury yield is currently just 25 basis points. Many of the large, popular stocks are still grossly overvalued in my opinion. Value stocks continue to outperform. For further details s...
U.S. consumer price index jumps 7.9% in February. ECB announces earlier end to quantitative-easing program. Oil prices surge as Russia-Ukraine war roils energy markets. For further details see: Energy Prices Soar Amid Russian Invasion Of Ukraine
Agricultural commodities have seen an unprecedented surge in prices since the war in Ukraine broke out. Oil prices and, particularly in Europe, the natural gas price, impact energy costs. Current events are driving commodity prices. For further details see: Could Oil Pri...
Energy Information Administration Natural Gas Inventory: -124 bcf vs. -117 bcf consensus, -139 bcf last week. Futures (NG1:COM +1.59%) ETFs: UNG, BOIL, KOLD, UNL, UGAZF, DGAZ, FCG. For further details see: U.S. natural gas inventory draws more than estimates
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2024-07-12 18:26:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-06-22 21:04:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-22 07:30:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...