In the energy market on Wednesday, crude for June delivery rose, closing at $50.97/barrel, up $1.05. May reformulated gasoline gained 4.68 cents, to $1.4463/gallon.

In the energy market on Wednesday, crude for June delivery inched higher, closing at $48.85/barrel, up 30 cents. May reformulated gasoline fell 2.38 cents, to $1.3906/gallon.

While history has shown us that there shouldn’t be much correlation between the stock and commodity markets, the current inter-connectedness between the two at the moment is still very evident. We’re still seeing large, intra-day and intra-week price swings, most of it coming on the heels of stock market moves. 

After an unparalleled fall, natural gas prices could double by next year, as a growing number of idle rigs create a supply crunch.

In the energy market on Monday, oil reversed field dramatically, with crude for April delivery giving up strong early gains to close at $45.71/barrel, down $1.36. April reformulated gasoline fell by 3.8 cents, to $1.2972/gallon.

Eyes on U.S. jobless and retail sales data at 1330 GMT… U.S. crude stockpiles rise more than expected… IEA cuts global oil demand forecast…

While everyone is focused on what Obama will do with green energy, it is pointed out that Canada is the largest, nearest, most reliable, and friendliest source of oil the U.S. has. Obama would be smart to enhance that relationship even further.

U.S. crude stocks rise to 18-month high… U.S. data at 1330 GMT expected to show more job losses…  OPEC signals it may cut output further…

Oil fell $2 a barrel to below $36 on Wednesday after a U.S. government report showed larger-than-expected rises in inventories of gasoline and distillates.

Oil prices fell again yesterday (Wednesday) – dropping below $40 for the first time in four years – as weak demand and growing inventories overshadowed a record cut in production by the Organization of Petroleum Exporting Countries (OPEC).