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HomeAuthorsClark Savage

Articles by Clark Savage

Commodities

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

February 17, 2021 Clark Savage

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 Clark Savage

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 Clark Savage

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 Clark Savage

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 Clark Savage

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 Clark Savage

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 Clark Savage

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 Clark Savage

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 […]

No Picture
Commodities

Energy News Beat 2/9/2021: Super Bowl Hangover? Not For Crude

February 9, 2021 Clark Savage

Markets stay flat today after huge Monday rally fades away S&P 500: 01% Nasdaq: -0.09% Dow Jones: 08% “The market has been pricing in the reopening optimism, and in the short term that may be […]

Commodities

“Over-Long-Weekend” Oil Report 2/9/2021

February 9, 2021 Clark Savage

Singapore — 0300 GMT: Crude oil futures strengthened during mid-morning trade in Asia Feb. 9, as expectations of a return to pre-coronavirus consumption patterns amid the abating crisis and hopes of an upcoming US stimulus package […]

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