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Strategies & Market Trends : John Pitera's Market Laboratory

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To: The Ox who wrote (18804)3/14/2017 10:14:25 AM
From: John Pitera  Read Replies (2) of 33421
 
It's been a number of years since OPEC has had any pricing power that has held up..... in the Nov through January their were several rumors of OPEC actions that helped to goose up the price of crude and the distillates .

the entire energy complex has been in a real free fall recently

April NYMEX crude



April NYMEX Gasoline



April Heating Oil -- NYMEX



The Gasoline contracts for May and June have been hit at least as hard in the large decline.

same thing with the forward crude and Heating Oil.

JP
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