Oil traders are looking ahead to next week's OPEC meeting, and the looming deadline for the Iran nuclear deal. Peter Amandio, Chicago Energies Inc., and Chad Brownstein, Rocky Mountain Resources, both don't think OPEC will cut production.» Read More
While crude oil has rallied, natural gas has stumbled. Therefore, the models suggested a reasonable probability existed that natural gas would either “catch up” to crude oil or that crude oil would regress to natural gas, writes Stephen Schork.
There is now more gas in the ground than at the start of last winter’s heating season,writes Stephen Schork.
Even if the recession has ended or is about to end, that does not mean demand is about to resume. It just means demand has stopped falling, writes Stephen Schork.
We do concede the headlines have improved. But let’s keep it real, they have gone from fatal to disastrous, writes Stephen Schork.
A strike by metro drivers wrought havoc on the streets of London, with thousands of commuters seeking alternative ways to get to work and overground traffic sometimes grinding to a halt.
My trip to Russia was incredibly exciting. Moscow and St Petersburg are beautiful cities. One of the best things about St Petersburg are the white nights. It is broad daylight for 20 out of 24 hours.
Speculation is what makes this market go around. Reduce the role of the speculator and you reduce price transparency and liquidity, i.e. you reduce the mechanism to transfer risk. Without that mechanism, future investment in up/downstream infrastructure, which is already a dicey proposition, becomes nearly impossible, writes Stephen Schork.
The stock market's rally could face a critical test in the coming week as the "recovery trade" plays out across financial markets.
Energy prices were strong on Thursday ... as the entire complex recovered from Wednesday’s correction. NO! That was the answer to yesterday’s question, “… the bears have the bulls on the ropes … can they now close the deal?” No, no they cannot.
As we look ahead to today, the bears have the bulls on the ropes… can they now close the deal?, writes Stephen Schork.
Given the improvement in economics, The Schork Report is looking for another strong production number this morning and in the weeks ahead we will look for the crude oil/gasoline ratio to narrow as stocks in the nominator fall faster than the denominator, writes Stephen Schork.
The relationship between crude and natural gas has been acting very strangely in the last few months. Quantitatively, we expected a price correction to reduce crude and increase natural gas prices, but that hasn’t happened… yet, writes Stephen Schork.
“Sell in May, go away” was one of the old Wall Street adages that went by the wayside last month. Bad news was ignored… good news, or rather, less bad news, was exaggerated, writes Stephen Schork.
The trend for stocks is higher, yet gains in June may be harder to come by unless economic data perks up.
Stocks capped a winning month with a 1-percent rally Friday as traders squeezed in a few last-minute trades to close out the month of May. Investors were encouraged by a jump in consumer sentiment and less-bad GDP report. Oil stocks benefited from the rise in oil prices. Dell ended higher after beating its earnings target. GM ended at 75 cents a share.
Stocks made another break higher Friday as investors were encouraged by a jump in consumer sentiment and less-bad GDP report. Oil stocks benefited from the rise in oil prices. Dell shot out of the gate after beating its earnings target but other techs were slow to follow. GM fell below $1.
Stocks wobbled Friday as investors were encouraged by a jump in consumer sentiment less-bad GDP report but still remained a bit jittery. Dell shot out of the gate after beating its earnings target but other techs were slow to follow. GM fell below $1.
The draw in gasoline raised some eyebrows, but there are signs that allow us to be cautiously optimistic, writes Stephen Schork.
Stock index futures indicated a higher open for Wall Street Friday after the latest GDP report showed the economic decline began to slow in the first quarter.
Stocks ended higher Thursday as crude prices climbed after an inventory pare-down and the results of the Treasury bond auction eased concerns about government debt.