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HomeAuthorsMariel Alumit

Articles by Mariel Alumit

Commodities

Overnight Oil Report 2/18/2020 – ERCOT outages continue, big draws from Cushing

February 18, 2021 Mariel Alumit

New York — 0304 GMT: The rally in crude oil futures prices gained momentum during midmorning trade in Asia Feb. 18, drawing strength from a large estimated draw in US crude inventory reported by the American […]

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Commodities

Energy News Beat 2/17/2021 – Deep Freeze Continues in TX

February 17, 2021 Mariel Alumit

Major indices pared major losses amid Berkshire Hathaway dives back into the stock market. S&P 500: -0.05% Nasdaq: -0.60% Dow Jones: 21% Verizon was among the biggest gainers after Warren Buffett’s Berkshire Hathaway revealed a sizable […]

Commodities

Overnight Oil Report 2/17/2021 – $60 oil to stay?

February 17, 2021 Mariel Alumit

New York — 0237 GMT: Crude oil futures inched lower during mid-morning trade in Asia Feb. 17, coming under pressure from a stronger US dollar and a technical correction in the overbought oil markets, as well […]

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Commodities

Energy News Beat: 2/16/2021: “Don’t Mess With Texas”

February 16, 2021 Mariel Alumit

Texas deep freeze cannot keep stocks from opening at all time highs, with major indices losing steam toward the latter half of the trading session. S&P 500: 00% Nasdaq: -0.11% Dow Jones: -0.38% Many on […]

Commodities

Overnight Oil Report 2/16/2021: “Brrr Its Cold Outside”

February 16, 2021 Mariel Alumit

New York — 0348 GMT: Crude oil futures were slightly higher during mid-morning trade in Asia Feb. 16, extending overnight gains, as the ongoing Arctic blast across North America caused supply disruptions, propelling demand for heating […]

Commodities

Over-weekend Oil Report 2/15/2020: “Please keep your thermostat at 60 degrees”

February 15, 2021 Mariel Alumit

New York — 0252 GMT: Crude oil futures strengthened during mid-morning trade in Asia Feb. 15 as the demand outlook brightened on hopes that the coronavirus pandemic is abating and on expectations of an upcoming stimulus […]

Commodities

Energy News Beat 2/12/2021 – HALL PASS FRIDAY

February 12, 2021 Mariel Alumit

Up and down day for the markets as new stimulus hopes couldn’t push markets green. S&P 500: 11% Nasdaq: 11% Dow Jones: -0.08% “Is the path to much higher equities becoming smaller…to put it differently, […]

Commodities

Overnight Oil Report 2/12/2021 – Booking Profits, Taking Names

February 12, 2021 Mariel Alumit

New York — Crude oil futures settled lower Feb. 11, retreating from 13-month highs as traders booked profits amid mixed demand outlooks. NYMEX March WTI settled 44 cents lower at $58.24/b, and ICE April Brent declined […]

Commodities

Overnight Oil Report 2/11/2021: Gasoline inventories build (yay fundamentals)

February 11, 2021 Mariel Alumit

Singapore — 0255 GMT: Crude oil futures were lower during mid-morning trade in Asia Feb. 11 on the back of a build in US gasoline inventories and despite the sharp drop in crude oil stocks. At […]

No Picture
Commodities

Overnight Oil Report 2/10/2021 – Fundamentals?!

February 10, 2021 Mariel Alumit

Singapore — 0234 GMT: Crude oil futures were rangebound in mid-morning trade in Asia Feb. 10 as improving fundamentals for crude oil were weighed against concerns of an overheated market. At 10:34 am Singapore time (0234 […]

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