Matt Smith

Latest articles from Matt

• Crude Crashes As Saudis Kill OPEC Meeting Before It Even Started

  Published 23 September 2016 | viewed 37,425 times

  Crude prices are selling off, aided by Saudi comments that a decision will not be forthcoming from next week's OPEC meeting in Algiers. Add to…

• Inventory Draws And Weaker Dollar Jolt Oil Prices

  Published 22 September 2016 | viewed 8,283 times

  After being surprised by the voracity of the weekly oil inventory draw yesterday, oil prices have been rallying ever since. Today a move higher is…

• Oil Prices Rebound On Falling Gasoline Futures

  Published 20 September 2016 | viewed 11,494 times

    One hundred and thirty-one years after the birth of the mighty Jelly Roll Morton, the crude complex has got the blues once more. Prices…

• Oil Rises On OPEC Jawboning, Libyan Turmoil

  Published 19 September 2016 | viewed 9,547 times

  Oil is charging higher to start the new week, on the ebb and flow of production freeze rhetoric and adverse developments relating to returning Libyan…

• Crude Charges Lower On Oversupply Concerns

  Published 16 September 2016 | viewed 7,302 times

  Gasoline is continuing its charge higher amid ongoing issues relating to the Colonial pipeline. Nonetheless, crude is charging lower into the weekend as oversupply fears…

• Crude Rises In Spite Of Poor Economic Data

  Published 15 September 2016 | viewed 9,044 times

  Crude has just given up the ghost of a rally, as poor economic data weighs on broader market sentiment again. As the dollar rallies, despite…

• Oil Prices Slide On Strong Builds In Distillates

  Published 14 September 2016 | viewed 13,281 times

  Happy middle O'week! After temporarily ripping higher in response to a surprise draw to crude inventories, oil prices are looking lower once more, as bearish…

• Oil Prices Slammed By Bearish IEA Data And Strong Dollar

  Published 13 September 2016 | viewed 10,897 times

  The combination of a strong US dollar and a weak IEA report is clobbering crude today. As the market limbers up for tomorrow's EIA report,…

• Oil Up In Spite Of Bearish OPEC Report

  Published 12 September 2016 | viewed 10,248 times

  Oil prices have reversed losses and are heading higher today, despite a bearish-tilted monthly OPEC report. The U.S. dollar has pulled a U-turn, and weakness…

• What’s Behind The Epic Draw In U.S. Crude Stocks?

  Published 08 September 2016 | viewed 13,524 times

  As a humongous draw to oil inventories has wrong-footed the market, crude prices have ripped higher in response. Hark, here are five things to consider…

• Crude Seesaws Ahead Of Inventory Data

  Published 07 September 2016 | viewed 9,604 times

  Crude is flip-flopping ahead of an exceedingly likely inventory draw to crude stocks from tomorrow's Labor Day-delayed inventory report. With a choppy U.S. dollar, crude…

• Oil Prices Edge Lower As Output Freeze Hopes Fizzle Again

  Published 06 September 2016 | viewed 14,862 times

  After yesterday's accord between Saudi Arabia and Russia ignited an effervescent oil rally, we have now seen these hopes fizzle out once more. As the…

• Oil Prices Rally As OPEC Deal Seems More Likely

  Published 02 September 2016 | viewed 25,466 times

  Happy Nonfarm Friday! After selling off strongly so far this week, oil prices are mustering a bounce into the holiday weekend, encouraged higher by an…

• Dollar Strength Takes Its Toll On Oil Prices Again

  Published 01 September 2016 | viewed 9,883 times

  As we move into September, the return of oversupply fears are clobbering the crude complex lower, with gasoline leading the charge. With Nonfarm Friday on…

• Oil Prices In Freefall As Fundamentals Worsen

  Published 31 August 2016 | viewed 30,820 times

  Crude prices are softening for a third consecutive day thus far, as a decent ADP employment report out in the U.S. has boosted expectations from…

• Oil Prices Edge Lower As Gulf Of Mexico Storm Fears Abate

  Published 30 August 2016 | viewed 9,126 times

  As the dollar rallies again, as Gulf of Mexico storm fears dissipate, and as a build is expected from tomorrow's EIA report, crude is heading…

• Oil Prices Edge Lower On Firm Dollar

  Published 29 August 2016 | viewed 6,914 times

  Oil prices are retracing to start the week, as producer rhetoric rumbles on, and the U.S. dollar strengthens. Hark, here are five things to consider…

• Oil Stabilizes On Falling Dollar

  Published 26 August 2016 | viewed 8,494 times

  As financial markets are distracted once more by Federal Reserve Chair Janet Yellen, crude is not immune to this influence, making moves in response to…

• Oil Markets On Edge Awaiting Yellen's Speech

  Published 25 August 2016 | viewed 11,808 times

  With broader markets distracted by an impending speech by Federal Reserve Chair Janet Yellen, crude is once again preoccupied by potential OPEC developments. As the…

• Battle For Crude Market Share In China Heats Up Again

  Published 24 August 2016 | viewed 8,282 times

  Oil prices are looking lower, facing headwinds of a stronger dollar and a bearish oil inventory report. Hark, here are six things to consider in…