William Carrigan's  Instablog

William Carrigan
Send Message
Global oil and U.S. natural gas analyst, well-versed in the fundamental analysis of supply and demand factors that drive energy prices. Experience analyzing relative value and the technical indicators that determine short to medium-term trading trends
My company:
Technimental Oil and Gas Research
  • Energy Market Review For December 4, 2012 0 comments
    Dec 5, 2012 7:19 AM

    The entire energy complex (along with all of the metals) weakened today, as the same stories continue to dominate trading. Weak manufacturing data (ISM data showed U.S. manufacturing slowed in November to a three year low on Monday) is stoking fears of eroding demand, while Middle East tensions partially offset demand concerns. However, given that debt talks in the US appear to be going nowhere, energy as a whole was down. House Republicans and the White House remain at odds in their efforts to avert the fiscal cliff with hope waning that the crises will be averted.

    The Jan '13 WTI contract dropped $0.59 to 88.50 per bbl, while the Jan '13 Brent contract declined $1.08 to $109.84 per bbl. Natural gas shrank $0.052 to $3.539 per mmbtu (Jan '13 contract). The HOF13 contract was lower by $0.0552 to $3.0490, while the Jan '13 RBOB contract slid $0.0375 to $2.7236.

    We believe the best way to evaluate our research and its added value to your organization is to request a free trial to our daily newsletter. For a free two-week trial, please send an email to trial@technimental.com, along with your contract information.

    Disclosure: We have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Back To William Carrigan's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.