While the natural gas market is still recovering from the flash crash, ExxonMobil (XOM) came along and delivered a booster shot by announcing its latest acquisition – $1.69 billion for two privately held natural gas companies in the Marcellus play--Phillips Resources and related company TWP Inc.
Read More: http://seekingalpha.com/article/275802-the-power-race-natural-gas-vs-coal
Today in Commodities: Tomorrow We Will Know
Based on what happens in Greece overnight and tomorrow's FOMC meeting we should be able to determine where to position clients moving forward. Crude held its own but do not read into the big volume jump as it is just the July/August roll over. We are cautiously optimistic thinking yesterday's lows could serve as an interim bottom. Assuming we trade higher from current levels a 38.2% Fibonacci retracement would lift prices in August to $101.30/barrel.
Read More: http://seekingalpha.com/article/275993-today-in-commodities-tomorrow-we-will-know
No comments:
Post a Comment