The Energy Space

Energy Price Outlook

It was deja vu all over again for the oil markets yesterday, as both WTI and Brent made small losses within inside-day trading ranges. The incremental information in yesterday's session basically included pressure from weak oil demand and increasing worries about the upcoming German local elections, while support came from increased speculation about accommodative monetary policies in Japan and China. In the background, pressure will remain in place from the likelihood of upcoming gains in DOE crude oil stocks, and from Tuesday's monthly EIA report which showed 2014 supply growth outpacing demand 1.7 mb/d to 1.35 mb/d. The upside will continue to focus on improving economic data, managed money account buying, increased regulation of Arctic drilling permits in the wake of Shell's incident, and refinery issues at Motiva's Port Arthur facility. Chinese trade data will be released Wednesday evening and will give the latest read on the strength of oil imports. We would maintain our June WTI-Brent trade entered on Jan 4th at -$14.25 with a target at -$8.00. The ramp-up of the Seaway pipeline to higher capacities this week should narrow that spread....2238 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.