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Archive for September, 2014

September 30th, 2014

PVM Midday Report 30 September 2014

Headlines

Eurozone inflation slows to five-year low of 0.3% in August
UK 2Q GDP growth revised up to 0.9% from 0.8% previously
Euro-area unemployment rate steady at 11.5% in August
German retail sales in…


September 30th, 2014

A tortoise or a lemming?

WTI continued to close in on Brent yesterday as it climbed +$1.03/bbl compared to +20cts/bbl for Brent taking the closing arb to -$2.63/bbl, the smallest WTI discount for a year….


September 30th, 2014

ICE failed at the 5-day; be flat on NYMEX

November ICE: The contract did not get anywhere close to its nearest crucial supports area, instead it staged a rather impressive recovery from the day’s low. This rally, however, has…


September 30th, 2014

The market is shaping up to go higher

A brief test of support did not last long as the market turned after NYMEX opened and by the end of the day the contracts settled higher. WTI lived up…


September 29th, 2014

PVM Midday Report 29 September 2014

Headlines

European Commission survey of economic sentiment falls to 10-month low
Russia issues fresh warnings to Ukraine over free-trade pact with EU
Speculators cut net length in ICE Brent by 22,113 lots in…