Energy

Centennial and Woodside have both performed well – too well for some brokers – but does the upside outweigh the valuations?

The Dow closed up 90 points last night in a session dominated by the release of the January Fed minutes.

Wall Street gave up early gains last night as oil moved to close over US$100/bbl, bringing inflation more firmly into focus.

While a number of LNG projects have now been proposed in Queensland Credit Suisse doesn’t think the market will tighten enough to lift prices to levels allowing all the proposals to proceed.

The Dow closed only slightly lower ahead of the Presidents’ Day long weekend, despite some disturbing economic data.

The Dow fell 175 points after three consecutive up-days following comments from Ben Bernanke.

A surprise positive result in January retail sales was the catalyst to send the Dow up 178 points last night.

With solid demand growth and supply concerns to keep the market tight NAB has revised up its forecast for average oil prices in 2008 to US85 per barrel from US$65 previously.

The recent fate of AED Oil only serves to remind that commodity exploration is a risky business that can catch out the best of experts.

The Dow rallied back from its depths of minus 113 despite some disturbing news from insurer AIG.