Matt Smith

Latest articles from Matt

• Oil Prices Creeping Towards $40 Ahead Of Inventories Report

  Published 26 July 2016 | viewed 15,719 times

  Crude prices are moving lower once again today, as another weekly inventory report comes into focus, with the prospect of rising product inventories. Hark, here…

• Crude Falls Again As Short Positions Surge

  Published 25 July 2016 | viewed 86,894 times

  After breaking technical support at $44, crude is charging lower to start a new week, once again weighed down by oversupply fears. As short positions…

• Oil Prices Crumble Ahead Of Earning Season

  Published 22 July 2016 | viewed 14,067 times

  Crude is heading lower into the weekend as supply glut fears persist, while further endorsement of a sell-off is provided by a stronger dollar. Hark,…

• Crude Charges Lower On Elevated Inventories

  Published 21 July 2016 | viewed 8,184 times

  After a mixed bag of economic data, crude is charging lower, with a hangover from yesterday’s inventory report and on ongoing concerns of bloated inventories.…

• Oil Rebounds After Testing Two Month Lows

  Published 20 July 2016 | viewed 6,938 times

  Crude prices have reversed losses post-inventory report, despite a bearish build to gasoline stocks. As crude tries to clamber away from key technical support, hark,…

• Oil Edges Lower As Traders Fear Inventory Report

  Published 19 July 2016 | viewed 7,741 times

  Crude is drifting lower, looking rather trepidative ahead of another weekly inventory report, while dollar strength is also helping to put the kibosh on a…

• Oil Falls Back To Two Month Lows On Product Glut

  Published 18 July 2016 | viewed 8,247 times

  As broader markets steady themselves after Friday’s failed coup attempt in Turkey, the crude complex is starting the week focusing on strong supply, potentially faltering…

• Rebounding Oil Prices Capped By Strong Dollar

  Published 08 July 2016 | viewed 7,612 times

  Crude is lacking conviction to finish the week – being pushed and prodded around: caught in the undertow of rising equity markets, but being held…

• Oil Dragged Lower By Crashing Gasoline Futures

  Published 06 July 2016 | viewed 9,590 times

  Another day, another dollar (rally). Crude prices are again coming under downward pressure as economic concerns swirl and uncertainty swells. That said, dollar strength was…

• Oil Crashes As Crippled Pound Drags Down Equities, Bonds

  Published 05 July 2016 | viewed 10,483 times

  As the oil market returns to full strength after the Independence Day break, crude prices are charging lower, egged on by a strengthening dollar (well,…

• Oil Prices Waver As Market Uncertainty Takes A Jump

  Published 01 July 2016 | viewed 8,994 times

  As we charge into the second half of the year, with a long holiday weekend stretching out in front of us, oil has pared losses…

• Strong Dollar Sends Oil Back Down

  Published 30 June 2016 | viewed 7,508 times

  After a couple of days of rampant rallying, crude is heading lower once more amid a stronger dollar (read: a pound walloping). Hark, here are…

• Oil Marching On As Sentiment Improves

  Published 29 June 2016 | viewed 6,424 times

  Once again, broader markets are maintaining a risk-on stance, with a falling dollar helping to usher crude prices higher. With weekly inventories bringing focus back…

• Oil Prices Rally On Weaker Dollar

  Published 28 June 2016 | viewed 8,864 times

  After the bloodletting across energy commodities, equities and various currencies in recent days, today is the day we have a relief rally, with markets seeing…

• Oil Continues To Tumble Over Market Uncertainty

  Published 27 June 2016 | viewed 10,769 times

  As the U.S. dollar flexes its muscles once again and broader markets adopt a decidedly risk-off stance, oil prices are charging lower amid unknowns surrounding…

• Oil Markets Caught By Surprise

  Published 24 June 2016 | viewed 9,013 times

  And as the world comes to terms with the news that the U.K. has voted to leave the E.U., the oil market is getting a…

• Oil Flying High On Remain Expectations

  Published 23 June 2016 | viewed 7,411 times

  As the pound pushes on, equities rally, and bonds sell off, oil is being propelled higher by an expectation for a ‘remain’ vote coming through…

• Oil Market Swings Ahead Of EIA Inventory Report

  Published 22 June 2016 | viewed 7,077 times

  The frenetic price swings continue in the oil market today, with oil prices push higher ahead of the EIA’s weekly inventory report, further buoyed by…

• Oil Retraces Amid Broader Market Volatility

  Published 21 June 2016 | viewed 6,629 times

  Once again, the oil market is being whipsawed around by currency swings under the influence of Brexit sentiment. Amid dollar strength, Nigerian truce hopes, and…

• Oil Rallies With Risk-On Rebound

  Published 20 June 2016 | viewed 9,989 times

  In honor of Brian Wilson’s 74th birthday, the oil market is picking up some good vibrations to start the week. As Brexit fears abate and…