Matt Smith

Latest articles from Matt

• Oil Falls As OPEC Euphoria Abates

  Published 07 December 2016 | viewed 21,038 times

  As the meeting of NOPEC fast approaches this weekend, the mood in the oil market has shifted from euphoria to skepticism, as questions remain around…

• Oil Dips – Is This The End Of The OPEC Rally?

  Published 06 December 2016 | viewed 13,301 times

  The crude complex is finally taking a breather after the recent OPEC-sponsored rally. We're now faced with the juxtapositioning of rising OPEC output versus promised…

• Strong Buying Continues To Fuel Oil Rally

  Published 05 December 2016 | viewed 15,240 times

  It is International Ninja Day, and oil is stealthily climbing higher to another daily gain. As OPEC optimism abounds, prices push higher for a fourth…

• After Rallying 14%, Can Oil Go Even Higher?

  Published 02 December 2016 | viewed 35,287 times

  As oil pauses for breath, so can we. After a hectic week, prices are ticking slightly higher into the weekend after a positive U.S. employment…

• Asian Crude Markets On Edge As OPEC Meets

  Published 29 November 2016 | viewed 7,901 times

  The gloves are off in Vienna and OPEC members are trading verbal blows about what they will or won't do in relation to production cuts.…

• Oil Stages Comeback As OPEC Heavyweights Remain Optimistic

  Published 28 November 2016 | viewed 13,715 times

  We have a week which starts with cartel controversy, and concludes with Nonfarm Friday. Somewhere inbetwixt, we get the small matter of an OPEC meeting…

• Oil Rises On EIA Data Despite OPEC Deal Doubts

  Published 23 November 2016 | viewed 9,197 times

    Happy Thanksgiving Eve! A fairly neutral EIA report - tilted a wee bit bullish for crude, bearish for the products - has been a…

• Oil Prices Fall From Fresh Highs As OPEC Talks Hit A Snag

  Published 22 November 2016 | viewed 13,647 times

  And it is Groundhog Day again, as the OPEC rumor-mill gets cranked up once more. Fortunately we get the welcome distraction of an inventory report…

• Oil Prices Move Higher As OPEC Optimism Increases

  Published 21 November 2016 | viewed 22,875 times

  As OPEC optimism continues to grow, and as the dollar eases lower, crude is moving higher today in this holiday-shortened week (woot woot!). Hark, here…

• Venezuela’s Oil Industry To Receive Another Shot In The Arm From China

  Published 18 November 2016 | viewed 18,240 times

  As the U.S. dollar climbs higher and higher (and higher), the crude complex is getting blown over by the gale-force headwinds it is providing. We…

• Oil Prices Slightly Up On OPEC Optimism

  Published 17 November 2016 | viewed 12,953 times

  Crude is pushing higher, fanned by OPEC production cut hopes, but kept somewhat in check by rampant US dollar strength on the back of positive…

• Oil Sinks Back After Key OPEC Members Turn Down Invitation For Doha Meeting

  Published 16 November 2016 | viewed 23,712 times

  Oil rallied this morning for a second consecutive day, despite a bearish-tilted EIA report. But fell in the late morning as more weight is placed…

• Oil Rallies On Renewed OPEC Cut Hopes

  Published 15 November 2016 | viewed 12,801 times

  After a strong sell-off in recent days, option expiry combines with OPEC cut expectations to emphatically rally prices on this third Tuesday in November. Hark,…

• Oil Prices Tumble As Dollar Reaches One Year High

  Published 14 November 2016 | viewed 16,655 times

  As the U.S. dollar pushes on to the highest level in a year, crude is correspondingly getting crushed today. While some may suspect the oil…

• Oil Tanks As Iran 'Claims' To Have Ramped Up Oil Production

  Published 11 November 2016 | viewed 16,914 times

  Happy Friday! What a tumultuous week it has been (the first day seemed like a week, and the second day seemed like five days). The…

• Oil Prices Slip On Bearish IEA Report

  Published 10 November 2016 | viewed 11,973 times

  It is national forget-me-not day, something it is impossible to do with OPEC amid an onslaught of monthly oil reports. Today's bearish-tilted monthly report from…

• Oil Gains After Extremely Volatile 24 Hours

  Published 09 November 2016 | viewed 14,086 times

  Things come in threes, so after the unexpected Brexit result earlier in the year, and Donald Trump's surprise election victory overnight, it would appear we…

• OPEC’s Gloomy Long-Term Outlook For Oil Markets

  Published 08 November 2016 | viewed 14,005 times

  Given the election is dominating much of the movement in markets today, and given the timely release of OPEC's World Oil Outlook, today's post digs…

• OPEC Continues To Accelerate Output (Before Hitting The Brakes?)

  Published 07 November 2016 | viewed 11,581 times

  Prices are trying to clamber higher today amid promises from OPEC that a production cut is on the cards, while battling against the gale-force headwinds…

• Debunking The Massive EIA Crude Build

  Published 03 November 2016 | viewed 26,918 times

  Yesterday’s weekly EIA inventory report showed a 14.4 million-barrel build to oil inventories, the largest since weekly records began in 1982. Here at ClipperData, we…