The market is still discounting spot barrels. That means the market is still discounting nearby demand prospects, which means there is no real excuse for yesterday’s end-of-quarter spike other than the notion that the… end-of-the-quarter …was the reason for the spike, writes Stephen Schork.   Read More

As if the recession, bank stress tests and swine flu weren't enough to worry about on a Monday morning, an Air Force "photo op" gave New Yorkers another reason to panic.   Read More