Matt Smith

Latest articles from Matt

• Oil Prices Hold Steady Ahead Of Inventory Data

  Published 07 March 2017 | viewed 11,100 times

  Crude continues to churn in its tight trading range, little moved by Libyan supply concerns, nor by rhetoric coming out of CERAWeek in Houston. As…

• Oil Prices Rise On OPEC Compliance Data And Plunging Dollar

  Published 03 March 2017 | viewed 18,746 times

  Crude prices are getting up off the canvas after being knocked down yesterday, helped up by a falling dollar ahead of lots of Fedspeak. Nonetheless,…

• Oil Prices Crumble As OPEC Ups Output And Exports

  Published 28 February 2017 | viewed 31,208 times

  Crude is easing lower on this last day of February, as other sources are endorsing what we said last week - that OPEC production and…

• Is OPEC Lying To The Oil Markets?

  Published 24 February 2017 | viewed 24,093 times

  Has no-one really done a 'getting riggy with it' pun yet? Ok then, here it goes. We've made it to Friday, which means we get…

• Did Oil Inventories Just Peak?

  Published 23 February 2017 | viewed 12,125 times

  After a bullish-tilted weekly EIA report, crude is holding onto gains - and once again bumping its head on the top of its trading range.…

• Oil Prices Fall As Gasoline Glut Takes Its Toll

  Published 22 February 2017 | viewed 18,112 times

  Crude prices are selling off today while gasoline holds up relatively better, as refiners playing 'pass the parcel' betwixt the two. As refiners make economic…

• Oil Gains On Prospect Of OPEC Deal Extension

  Published 20 February 2017 | viewed 11,045 times

  U.S. markets are closed today in observation of Presidents Day, but crude prices are still trucking on higher in thin electronic trading. Fun and games…

• Oil Is Ticking Lower As Record High Crude, Gasoline Inventories Weigh

  Published 17 February 2017 | viewed 7,487 times

  Oil is ticking lower today, under the weight of record crude and gasoline inventories, but with OPEC production cuts providing a supportive backdrop (...and peeking…

• Oil Prices Edge Higher Ahead Of Inventory Data

  Published 14 February 2017 | viewed 8,273 times

  In honor of Valentine's Day, oil prices are following the arc of Cupids arrow, and heading higher. Although another likely bearish weekly inventory report lies…

• Oil Prices Head Lower In Spite Of Bullish OPEC Data

  Published 13 February 2017 | viewed 14,366 times

  Oil is charging lower to start the new week, as the monthly OPEC oil market report has done little to assuage oversupply concerns - despite…

• Oil Prices Head Higher On Positive Demand Outlook

  Published 10 February 2017 | viewed 13,994 times

  A supportive IEA monthly report has encouraged a Friday rally for black gold, Texas tea. As prices ping around in their current tight trading range,…

• Oil Rises As Bullish Sentiment In Markets Persists

  Published 09 February 2017 | viewed 9,556 times

  Oil prices are moving back toward the top of their recent trading range, looking to muster a test of resistance once more. As positivity abounds…

• Huge Crude Inventory Build Sparks Wave Of Panic Buying

  Published 08 February 2017 | viewed 13,571 times

  Today's price action has been a case of sell the rumor, buy the (bearish) fact, as the affirmation of a gargantuan crude build from today's…

• Oil Prices Fall Ahead Of Inventory Data

  Published 07 February 2017 | viewed 12,671 times

  Oil is getting tonked for a second consecutive day, as prices have run into resistance at the top of their trading range, sending them staggering…

• Oil Prices Fall On Glut Fears Despite Tighter Market

  Published 06 February 2017 | viewed 17,151 times

  Rather than rallying like Tom Brady and the New England Patriots, oil today is instead dropping faster than Lady Gaga's mic, ushered lower by a…

• Oil Prices Up On Prospect Of New Iranian Sanctions

  Published 03 February 2017 | viewed 18,786 times

  Happy Nonfarm Friday! Better-than-expected job creation last month is supporting sentiment on this first Friday of February, and crude is being swept along with this,…

• Oil Prices Stuck In Narrow Band, Capped By U.S. Shale Threat

  Published 02 February 2017 | viewed 11,026 times

  Yes, it's Groundhog Day (again), and that dastardly Punxsutawney Phil has seen his shadow, predicting six more weeks of winter. Fortunately, he's no good at…

• Trump’s Border Tax Could Kill U.S Oil Exports, Raise Gas Prices

  Published 31 January 2017 | viewed 12,832 times

  Crude is rallying on this final day of January, as hopes and projections of OPEC production cuts return to the fore once more. Before we…

• Overoptimistic Money Managers Could Crash Oil Prices

  Published 30 January 2017 | viewed 12,791 times

  Oil is getting tonked on this final Monday of the month, as broader market volatility is bringing out the bears. Signs of OPEC compliance continue…

• Oil Gives Up Gains As Traders Fear Rising U.S. Supply

  Published 27 January 2017 | viewed 6,399 times

  And crude continues to be more choppy than Chuck Norris fighting Hong Kong Phooey fighting Bruce Lee, selling off today after yesterday's rally (after selling…