Matt Smith

Latest articles from Matt

• Oil Bounces On Iranian Rhetoric

  Published 23 August 2016 | viewed 13,941 times

  Oh good. It's only the second day of selling after the recent rampant rally, and yet we are already hearing renewed rhetoric from key producers.…

• 'Epic' Oil Rally Reverses On Diminishing Supply Outages

  Published 22 August 2016 | viewed 9,208 times

  The recent oil rally is finally hitting the brakes, with prices retracing today on supply developments relating to Iraq and Nigeria, while vehement short-covering has…

• Crude Stabilizes After 6 Day Rally

  Published 19 August 2016 | viewed 7,039 times

  As we truck on into the weekend, oil has turned lower after six consecutive days of rallying. (Only another 5.5 weeks until potential freeze talks…

• Oil Enters Bull Market Amid Output Freeze Talk

  Published 18 August 2016 | viewed 11,107 times

  Another day, another dollar (rally in oil prices). The tag-team of dollar weakness and production freeze hopes combine again to rally crude prices higher for…

• Oil Rallies On, Ignoring Saudi Production Claims

  Published 17 August 2016 | viewed 16,578 times

  Today's weekly EIA inventory report has provided a very (very) welcome distraction from the production freeze jawboning. A solid draw to crude stocks, helped in…

• Oil Maintains Gains As Traders Remain Hopeful Of OPEC Action

  Published 16 August 2016 | viewed 9,813 times

  After what feels like 23 days of rallying amid conflicting commentary from various key global producers about a potential production freeze, prices have hit the…

• Soaring OPEC Exports Can’t Keep Oil From Rallying

  Published 15 August 2016 | viewed 11,073 times

  Oil is carrying on where it left off last week, rallying higher on the low likelihood event of a production freeze by key global producers.…

• Oil Extends Gains On Weaker Dollar

  Published 12 August 2016 | viewed 6,150 times

  With a weaker dollar in cahoots with ongoing hope spurred on by OPEC murmurs and rumors, crude is ripping higher into the weekend. Hark, here…

• Oil Up 4% On Saudi Rhetoric

  Published 11 August 2016 | viewed 28,113 times

  Actions speak louder than words. Nope, strike that and reverse it. Rhetoric from Saudi’s oil minister today is emphatically rallying crude prices, as Khalid al-Falih…

• Oil Prices Take A Hit As Saudis Report Record Production

  Published 10 August 2016 | viewed 19,738 times

  The wind has been taken out of the sails of today’s crude rally by a super-sized Saudi production number from the monthly OPEC report, in…

• OPEC Rumors Continue To Support Oil Prices

  Published 09 August 2016 | viewed 26,418 times

  As the latest inventory report comes back into focus, and as OPEC murmurs and rumors persist, oil prices are rallying once more – further aided…

• Bout Of Short Covering Propels Oil Prices

  Published 08 August 2016 | viewed 12,678 times

  As renewed rumors and murmurs rise up of another OPEC production freeze meeting, it is having the desired effect that certain OPEC members would want:…

• Oil Reverses As Dollar Spikes On Strong Job Report

  Published 05 August 2016 | viewed 8,882 times

  Welcome to another Nonfarm Friday! As job creation last month was much better than consensus (255,000 jobs created versus 180,000 expected, with an upward revision…

• $40 Is A Trampoline For Oil Prices Once More

  Published 04 August 2016 | viewed 12,644 times

  As crude hopscotches back above the $40 level, it is once again being used as a trampoline, propelling prices higher. Despite the Bank of Blighty…

• Crude Holding Around $40 On Bullish EIA Data

  Published 03 August 2016 | viewed 9,837 times

  Crude is rebounding today after the EIA reported a moderate build to crude inventories, but a quite unexpected and significant draw to gasoline inventories, pushing…

• Crude Holds At $40 On Weaker Dollar

  Published 02 August 2016 | viewed 6,961 times

  After dipping briefly into thirty-dollardom yesterday, WTI is now using the $40 level as a trampoline. It is managing to muster a bounce today amid…

• Oil Flirts With Bear Market As Short Positions Surge Most In 10 Years Time

  Published 01 August 2016 | viewed 22,008 times

  A new week, a new month, a new sell-off. Crude prices are charging lower to start the week as a plethora of bearish indicators emerge…

• Oil Reverses As Buyers Enter The Market

  Published 29 July 2016 | viewed 8,983 times

  A weaker U.S. dollar is once again wafting smelling salts under the nose of the crude market, and this time it appears to be working.…

• Oil Heads Lower For Sixth Day In A Row

  Published 28 July 2016 | viewed 8,520 times

  Despite a weakening U.S. dollar wafting smelling salts under the nose of the crude market, prices are still unable to pick themselves up off the…

• Oil Extends Losses As EIA Reports Filling Inventories

  Published 27 July 2016 | viewed 10,267 times

  As the latest weekly inventory report from the EIA shows builds to both crude and gasoline, prices have reversed course and are charging lower. Hark,…