Energy

Jonathan Barratt of Barratt’s Bulletin argues Egyptian issues and an apparent US recovery do not justify the current price of crude, particularly in the face of weak Chinese demand.

Forget the minutes, Bernanke is not ready to start tapering, it would appear. Wall Street flat on close, but up in the after-market. (Accessible only for subscribers before 10:15 AEST)

Optimistic expectations for the earnings season are leading Wall Street back toward all-time highs. Dow up 75. (Accessible only for subscribers before 10:15 AEST)

Global markets saw reversals to a degree from Friday’s initial US jobs responses as America returned to work last night after the break. (Accessible only for subscribers before 10:15 AEST)

Mineral prices slumped in June but there are signs that pressure is abating for some, signalling to analysts there may be opportunities out there.

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

A recovering US economy in the face of a weak European economy and a slower Chinese economy has analysts suggesting the three-year crude price gap could close.

Gold stocks face downgrades, Brent crude should rebound while nickel prices are likely to stay under pressure.

An easing of tension in Egypt, an easing of political tension in Portugal, and dovish commentary from both the ECB and BoE sent European stocks soaring last night in thin trade. (Accessible only for subscribers before 10:15 AEST)

Woodside Petroleum has downgraded production for 2013 on the back of a shut-in at Pluto and delay at Vincent. Brokers review the outlook and dividend implications as a result.