Posted By:Stephen Schork, Editor, The Schork ReportCNBC Guest Blog
The latest forecast is calling for some extreme cold in the 6-10 day outlook. This is the forecast the gas bulls have been waiting for, writes Stephen Schork. Read More
Posted By:Stephen Schork, Editor, The Schork ReportCNBC Guest Blog
The latest outlook provides some hope for bulls. NOAA is forecasting below normal temps towards the end of this month and into the beginning of December in the Mid-Atlantic market. Normal temps are expected in the New England and Midwest markets. It’s not much, but that is all the bulls really have to go on at this time, writes Stephen Schork. Read More
Posted By:Stephen Schork, Editor, The Schork ReportCNBC Guest Blog
Energy prices were mixed on Wednesday-the liquids fell off intra-day highs after the bulls failed to excite post DOE bullish momentum, writes Stephen Schork. Read More
Posted By:Stephen Schork, Editor, The Schork ReportCNBC Guest Blog
Yesterday’s DOE report was bearish, but that is nothing new. The trend in these reports has been bearish for quite some time now. We would like to think that yesterday’s weakness on the NYMEX could be attributable to the DOE report. But, that would be quite Pollyannaish of us now wouldn’t it, writes Stephen Schork. Read More
Posted By:Stephen Schork, Editor, The Schork ReportCNBC Guest Blog
In a push for greater transparency in trading, the United States Commodity Futures Trading Commission’s weekly Commitment of Traders tell us how many contracts were traded by commercial and non-commercial players, i.e. speculators. The assumption being that price movements are dependent upon the number and type of trades, writes Stephen Schork. Read More
Posted By:Stephen Schork, Editor, The Schork ReportCNBC Guest Blog
After toying with support inside the October 15th pivot-low (77.67 to 76.86) over the last three weeks, the crude oil bears in New York finally stamped their imprimatur on this market on Friday… sort of, writes Stephen Schork. Read More
Posted By:Stephen Schork, Editor, The Schork ReportCNBC Guest Blog
As we look ahead to this winter, the latest forecast from the International Research Institute for Climate and Society (IRI), is calling for a cold winter in the Eastern U.S., down through east Texas, a normal winter in the Midwest, out through the Rockies and into California, but a warm winter through the Pacific Northwest and Plains and through all of Canada, writes Stephen Schork. Read More
Posted By:Stephen Schork, Editor, The Schork ReportCNBC Guest Blog
Yesterday was a bad day for anyone long the December natural gas contract, which closed down 4.3% at 4.467, the lowest close for the December ’09 contract ever (i.e. since 2003), writes Stephen Schork. Read More
Posted By:Stephen Schork, Editor, The Schork ReportCNBC Guest Blog
The correlation between crude oil prices and the unemployment rate is slightly positive in the short term, and largely positive five or six quarters later, writes Stephen Schork. Read More
Posted By:Stephen Schork, Editor, The Schork ReportCNBC Guest Blog
The 2009 refill season is officially over, but the EIA is already warning that injections may continue into this month, writes Stephen Schork. Read More