Energy

Woodside has formally abandoned its pursuit of Oil Search. Brokers heave a sigh of relief, able now to focus on the prospects of the two as separate entities.

The WTI oil price initially shot up last night, taking Wall Street with it, but the rally could not be sustained. Dow down 75. (Accessible only for subscribers before 10:15 AEST)

Another big fall for the Dow but a flat close for the Nasdaq highlights the fact global volatility is all in the energy sector at the moment. (Accessible only for subscribers before 10:15 AEST)

The outlook for 2016 commodity prices is for more of the same subdued markets where supply continues to overwhelm demand, albeit declines are expected to be be more modest than in 2015.

WTI has crashed under US$40/bbl following energy sector selling in Australia yesterday and prompting energy sector selling on Wall Street last night. Dow down 117. (Accessible only for subscribers before 10:15 AEST)

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

QE extended, but not by the quantum the market was anticipating. US dollar tanks. Dow down 252. (Accessible only for subscribers before 10:15 AEST)

Market analysts at FXCM look at the technicals for the oil price ahead of this week’s OPEC meeting.

Oil and iron ore prices threatened to each breach US$40 last night as a mass shooting in California set US markets on edge. Dow down 158. (Accessible only for subscribers before 10:15 AEST)

It’s December – time to buy. Dow up 168. (Accessible only for subscribers before 10:15 AEST)