Energy

No further deterioration at Fukushima and attacks on Libyan forces heartened Wall Street last night and allowed a continuation of the bounce. Dow up 178.

Technical market analysts maintain the view crude oil futures are setting themselves up for another rally.

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

A glance through the latest expert views and predictions about commodities with Japan’s crisis expected to see energy substitution, Oz steel plays, oil price upgrades, a view on copper and silver relative to gold.

The newsflow slowed to a trickle last night regarding the nuclear threat, so Wall Street concentrated on other matters and became more bold. Dow up 161.

Technical analysts at Barclays Capital suggest current oil price action is offering a bullish signal as a flag-like pattern appears to be forming.

Japanese impact aside, China’s monetary policy is now focused firmly on controlling inflation. And the big culprit is oil. Is there any relief in sight?

Everyone’s suddenly an expert, and conflicting information had Wall Street on an hour by hour rollercoaster last night. Dow down 225.

A glance through the latest expert views and predictions about commodities with some initial views on commodity markets in the wake of the disaster in Japan and a revision to oil price forecasts.

Nuclear uncertainty led to a wide-scale exodus from commodity positions last night while the Dow opened down 300 points before finding fundamental buying. At the close it was down 137.