Energy

ANZ has updated its views on the oil market for 2010, suggesting while prices may be range bound this month the trend through the year is likely to be one of higher prices.

A strong US home sales result and some easing of Greek concerns added further fuel to yesterday’s relief rally. Dow up 111. (Locked for subscribers until 10:00 AEDST)

A welcome bounce followed a positive manufacturing sector read in the US. Dow up 118.

After a positive start, Wall Street ends down again, with a raft of positive economic news brushed aside by an increasingly sceptical market.

Barclays believes investors hoping for a positive scenario for US NatGas prices this year are in for a crude shock.

Stocks were sold off for the third straight day on Wall Street, with investors brushing off mostly positive earnings on a host of issues.

While many ascribe the recent ups and downs of oil to speculation, data from Danske also singles out the tight correlation oil has with the euro.

Saxo Bank has delivered its annual list of outrageous claims for the year ahead while also offering its top trade ideas for 2010.

2009 was a roller-coaster year for oil, but one thing we learned was that oil under US$70/bbl won’t work for the industry any more.

Stocks pulled back from 15-month highs on a weak consumer confidence read and news JPMorgan booked some steep loan losses. Dow down 0.9%.