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Matt Rosenberg

Matt Rosenberg

As a key accounts manager, Matt helps large customers make mission-critical decisions by providing timely advice regarding market conditions.

Will He?

By: Matt Rosenberg / Posted on: April 26, 2018

The oil market finished mixed yesterday on the heels of the latest Energy Information Administration’s (EIA) inventory report.  As a headline from Reuters stated, “U.S. oil inventories up unexpectedly.”  Details of the report were as follows:

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Stats Recap

By: Matt Rosenberg / Posted on: March 29, 2018

Oil prices finished lower yesterday across the majors in the energy sector after the government reported a surprise build in U.S. crude stockpiles.  Yesterday’s session saw WTI crude oil down $0.87/bbl to close at $64.38/bbl.  RBOB and HO also settled lower by $0.0019/gal and $0.0076/gal finishing at $2.0116/gal and $2.0148/gal respectively.  The Energy Information Administration’s weekly stats are summarized as follows:

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Inventory Impact

By: Matt Rosenberg / Posted on: February 28, 2018

Oil markets finished lower yesterday as testimony from the new Chair of the Federal Reserve Jerome Powell pushed the U.S. dollar index higher in late day trading.  Coupled with new data from the International Energy Agency released yesterday regarding U.S. production, all three indices closed solidly in the red. WTI crude closed down $0.90/bbl to close at $63.01/bbl while RBOB and HO also closed lower by $0.0233/gal and $0.0229/gal finishing at $1.8034/gal and $1.9630/gal respectively.

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SOTU, Stats and the Fed

By: Matt Rosenberg / Posted on: January 30, 2018

After opening the week yesterday with all three indices finishing down, the trend is continuing this morning as the board is lit red again for crude, RBOB and HO.  Yesterday, crude finished down $0.0058 to close at $65.56 while RBOB and HO settled down by $0.0028 and $0.0312 to close at $1.9349 and $2.1048 respectively.  Multiple factors contributed to yesterday’s decline including the strength of the U.S. dollar and most importantly, supply.  Reports of rising U.S. production, increased rig counts and inventory expectations are all weighing heavily on the oil market.  Later this afternoon, the American Petroleum Institute will publish their weekly stats followed by the Energy Information Administration’s all important report tomorrow morning.      

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Draw, Build, Build

By: Matt Rosenberg / Posted on: January 11, 2018

As the oil market continues to digest, yesterday’s stats which showed a draw in crude and higher than anticipated builds in gasoline and distillates, we are seeing movement higher this morning based on the dollar index which is currently down approximately 0.50%.  The downward dollar pressure can be attributed to the various conflicting news reports from China regarding slowing or halting the purchase of U.S. treasuries.  While there seems to be little substance to those reports, the news was enough to move the dollar index.  

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Guttman Energy Daily Market Update Disclaimer – The information contained in this market update is derived from sources believed to be reliable; however this update could include technical inaccuracies or typographical errors and Guttman Energy does not guarantee the accuracy, completeness or reliability of this update. FURTHERMORE, THIS UPDATE IS PROVIDED "AS IS," WHERE IS, WITH ALL FAULTS AND WITHOUT ANY WARRANTY OR CONDITION OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY. GUTTMAN ENERGY ALSO SPECIFICALLY DISCLAIMS ALL EXPRESS AND IMPLIED WARRANTIES. YOU USE THIS UPDATE AT YOUR SOLE RISK. This update and any view or comment expressed herein are provided for informational purposes only and should not be interpreted in any way as recommendation or inducement to buy or sell products, commodity futures or options contracts.

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