Matt Smith

Latest articles from Matt

• Oil Prices Rise As OPEC Put Its Foot On The Brakes

  Published 26 January 2017 | viewed 27,180 times

  As production cut hopes are stoked once again, crude is pushing higher on this fourth day of the fourth week of January. While prices ultimately…

• Crude Holds Steady After Significant Gasoline Build

  Published 25 January 2017 | viewed 6,779 times

  Today's EIA report has left oil prices flat-footed, as crude inventories were in line with consensus, while a(nother) gargantuan build to gasoline stocks has not…

• Oil Prices Fall In Spite Of Consensus At OPEC Monitoring Meeting

  Published 23 January 2017 | viewed 12,102 times

  Crude is starting the week by charging lower, as supportive rhetoric from OPEC over the weekend has done little to allay fears of ongoing strong…

• Oil Prices Rip Higher On Inauguration Day

  Published 20 January 2017 | viewed 10,800 times

  Crude is ripping higher into the weekend, as the ebb and flow of OPEC production cut expectations swing towards the bulls once more (the drop…

• Oil Crashes Towards $50 Handle On Bearish EIA Data

  Published 19 January 2017 | viewed 8,364 times

  Oil is finding some support thus far today off the back of the IEA's monthly oil market report, which pointed to a tightening market amid…

• Oil Slides On Shale Fears, Strong Dollar

  Published 18 January 2017 | viewed 7,240 times

  Ticker: Fun and games for the next few days have been kicked off by the release of the monthly OPEC report, with a monthly IEA…

• Oil Prices Boosted By Struggling U.S. Dollar

  Published 17 January 2017 | viewed 12,889 times

  With the U.S. dollar being dealt a most solid dose of the whoop-bang-wallops (WBWs), crude prices cannot help but be propelled higher today. The great…

• Oil Could Rise Further On Stronger Asian Crude Demand

  Published 16 January 2017 | viewed 16,415 times

  With markets closed today to witness Martin Luther King Jr. Day, prices are not surprisingly rather subdued amid quiet electronic trading. Nonetheless, fun and games…

• Oil Oversupply Fears Return

  Published 10 January 2017 | viewed 13,783 times

  Crude prices are once again on the defensive today as oversupply fears swirl. As the market waits with bated breath for the manifestation - or…

• Oil Edges Higher As Core OPEC Members Initiate Cuts

  Published 06 January 2017 | viewed 8,099 times

  Happy Nonfarm Friday! It is the first Friday of the year, hence we get our first monthly dose of official U.S. unemployment data. Job creation…

• The End Of The Rally? Oil Reverses, Natural Gas Trounced

  Published 03 January 2017 | viewed 19,405 times

  After rallying like a mad thing to start the day (month, and year...), crude prices have reversed course, weighed down by a stronger dollar. Natural…

• Oil Rises On Weaker Dollar, Stronger U.S. Economic Growth

  Published 22 December 2016 | viewed 13,806 times

  Amid a better-than-expected U.S. GDP print and a slightly softer dollar, oil prices are on the rise today. Gasoline, however, is on the move lower…

• Rising U.S. Oil Imports See Oil Prices Fall

  Published 21 December 2016 | viewed 12,901 times

  Oil prices are little changed, as a build to crude inventories in today's weekly inventory report has been offset by solid draws to the products.…

• Caught Red-Handed? Iraq Is Talking Down Its Oil Exports

  Published 20 December 2016 | viewed 12,859 times

  Even though crude prices may be subdued amid thin trading over the holiday period, there is always a thing (or five) going on in the…

• Oil Seesaws As Markets Wait For OPEC Cuts To Materialize

  Published 19 December 2016 | viewed 8,591 times

  As we shuffle into two weeks of lower trading volume over the holiday period, and as we await next month's production cuts to start showing…

• Soaring Dollar Drags Oil Lower

  Published 15 December 2016 | viewed 10,309 times

  Yesterday's decision by the Federal Reserve to raise interest rates has inadvertently put concrete boots on the crude complex, sending it lower amid a soaring…

• Why It Makes Economic Sense For The Saudis To Cut

  Published 14 December 2016 | viewed 11,869 times

  Oil prices are lower today, as focus shifts from optimism of the market balancing in the future, back to current oversupply. With today's U.S. inventory…

• The Buying Continues As Non-OPEC Producers Cut Output

  Published 12 December 2016 | viewed 7,132 times

  And crude is full of the festive spirit, merrily skipping higher today in response to the result of the weekend's OPEC / NOPEC meeting. As…

• Oil Rises As Saudis Move To Implement Output Cuts

  Published 09 December 2016 | viewed 19,614 times

  Oil prices remain bid up into the weekend, as the market adopts the first part of the motto 'buy the rumor, sell the fact' ahead…

• Crude Rises Ahead Of Non-OPEC Meeting

  Published 08 December 2016 | viewed 16,146 times

  The mood of crude has flipped again, with optimism rising ahead of the NOPEC meeting at the weekend. Even though doubts persist, for today, oil…