Daily Energy Hedger – February 22, 2012

Traders returned from the Presidents’ Day holiday weekend to discover that the Greek debt crisis had been resolved (yet again).  It has been resolved a number of times since late
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Daily Energy Hedger – February 21, 2012

Last Friday, renewed optimism over the future of Greece and the European debt crisis pushed crude oil prices to their highest levels  in nine months.  An imminent resolution of the Greek crisis has been the gift that keeps on giving – since July.  Every other Friday, it has seemed, we have been on the brink of fixing this crisis.  On the flip side of that, it has seemingly been every other Monday that we have returned to another near miss, another failure to resolve the problem once and for all.  This last Friday was apparently the charm.

 

Daily Energy Hedger – February 17, 2012

Oil prices started out under selling pressure yesterday morning, but it was not to be. Crude oil prices ended at seven-week highs with Brent bled ending at eight-month highs. Outages
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Daily Energy Hedger – February 16, 2012

In a strange twist – which basically just placed the shoe on the other foot – markets reacted to a news report, which was later denied, that Iran had halted
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Daily Energy Hedger – February 15, 2012

International investors continued to watch demonstrations in Greece, as objections to austerity measures turned violent in the streets.  The inability of European Union leaders to get every leader in Greece
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