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Stephen Innes

Stephen Innes is a 1987 Guggenheim Fellow in Humanities.

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Oil markets received a lift from the U.S. stimulus chatter, but for the most part activity remains rudderless, awash in a sea of oil.

– Stephen Innes

Found on Reuters 9 days ago Business

At that tipping point, the producer surplus will become a massive logistical headache for oil storage consideration, which then opens up the trap door for oil prices to plummet below cash costs.

– Stephen Innes

Found on Reuters 9 days ago Business

Throttling this Asian supply channel will provide some support for oil prices.

– Stephen Innes

Found on Reuters 1 month ago Business

Some shorts covered after the director gave the WHO's stamp of approval to China's aggressive containment effort, for now, the market's risk lights have shifted from flickering on red to a steady shade of amber, which could bring more risk back into play.

– Stephen Innes

Found on Reuters 2 months ago Top News

(The) sell-off on the ... flu scare was mollified by a timely decline in U.S. crude inventories.

– Stephen Innes

Found on Reuters 2 months ago Business

Once the (Phase 1) deal is signed, investors will then press to consider ... how much more progress can be realistically expected ahead of the US elections next year.

– Stephen Innes

Found on Reuters 3 months ago Company News

Oil prices have followed the general de-risking drift into year-end despite a rise in Middle East tensions and last week's bullish-for-oil-price inventory draws as the broader markets appear to be losing some of that holiday cheer.

– Stephen Innes

Found on Reuters 3 months ago Business

It's expected to show robust continuous growth in the agency's short-term outlook.

– Stephen Innes

Found on Reuters 3 months ago Business

With a more constructive global macro outlook than at any time in the last year, oil is well-supported by both fundamental factors and sentiment now.

– Stephen Innes

Found on Reuters 3 months ago Business

Oil prices will continue to benefit from the positive developments in the U.S.-China trade, with a more constructive global macro outlook than at any time in the last year, oil is well-supported by both fundamental factors and sentiment now.

– Stephen Innes

Found on Reuters 3 months ago Business

Crude prices continued their stellar performance into year-end, nudged along by the more benevolent inventory data published by the EIA, product demand is up, and with a more constructive global growth outlook than at any time of this year, oil markets remain supported by the fundamental backdrop.

– Stephen Innes

Found on Reuters 3 months ago Business

China is definitely offering up some pretty attractive olive branches.

– Stephen Innes

Found on CNN 4 months ago Technology

[ China knows ] if they don't make structural concessions, Trump will likely levy more tariffs.

– Stephen Innes

Found on CNN 4 months ago Technology

Maybe, just maybe we are finally nearing a long-awaited indication from President Trump that the protracted period of market adversity is mercilessly nearing its end.

– Stephen Innes

Found on Reuters 4 months ago Company News

Price action over the past 48 hours does illustrate just how quick traders are to revive fears about sluggish demand amid the thought of more abundant supplies.

– Stephen Innes

Found on Reuters 5 months ago Business

The OPEC induced oil rally has come to a grinding halt in the wake of the bearish to consensus API inventory swell, further OPEC cuts are unlikely the cure-all medicine. But by the numbers, the magnitude of the expected oversupply in 2020 is thought to be well within OPEC's ability to manage.

– Stephen Innes

Found on Reuters 5 months ago Business

The macro headwinds outweigh supply concerns for oil now, despite tensions in the Middle East and a reduced spare capacity pillow.

– Stephen Innes

Found on Reuters 6 months ago Business

Next week U.S.-China trade talks remain the unknown variable which could lend a modicum of support.

– Stephen Innes

Found on Reuters 6 months ago Business

For most of the week ... the market has been trading lower as oil bulls have been discouraged by the quicker-than-expected return of Saudi oil output.

– Stephen Innes

Found on Reuters 6 months ago Business

The expected lower demand for oil inputs into (U.S.) refineries typically sees U.S. crude inventories swell, all of which could pose a significant downside risk for prompt oil prices.

– Stephen Innes

Found on Reuters 6 months ago Business

Any sliver of optimism on the trade war front will be viewed in a very positive light, surely both parties can't be happy to move forward with their scorched earth policy.

– Stephen Innes

Found on CNN 7 months ago Top News

What the markets really waiting for is for Mitul Kotecha to drop interest rates, right now, we are still sitting on that uncertainty.

– Stephen Innes

Found on FOX News 7 months ago Politics

What the markets really waiting for is for Fox News to drop interest rates, right now, we are still sitting on that uncertainty.

– Stephen Innes

Found on FOX News 7 months ago Latest Headlines

Nobody understands where the president is coming from.

– Stephen Innes

Found on FOX News 7 months ago Latest Headlines

The U.S.-China trade spat has been at the center of the oil market demise, which has sent the global economy to the brink of recession and negatively impacted oil demand forecasts.

– Stephen Innes

Found on Reuters 7 months ago Business

Hoping for the best on the policy front but positioning for the worst on the economic backdrop seems to be the flavour of the day, the Fed, now out of necessity alone, will need to adjust policy much more profoundly than they expected.

– Stephen Innes

Found on Reuters 7 months ago Company News

Hoping for the best on the policy front but positioning for the worst on the economic backdrop seems to be the flavor of the day, the Fed, now out of necessity alone, will need to adjust policy much more profoundly than they expected.

– Stephen Innes

Found on Reuters 7 months ago Top News

Much the same could be true right now about the escalation of tariffs (and) with time, investors have managed to sidestep them and returned to the familiarity of focusing on the data, which in the case of the U.S. economy, still looks good.

– Stephen Innes

Found on Reuters 8 months ago Business

It's not economic uncertainty we should be worried about rather its the doom and gloom economic realities that the key forward-looking manufacturing PMI's are telling us about the dismal health of this rapidly deteriorating global macro environment.

– Stephen Innes

Found on Reuters 8 months ago Business

Oil prices got a small boost this morning after Libya's (NOC) declared force majeure on Sharara crude loaded at Zawiya port.

– Stephen Innes

Found on Reuters 8 months ago Business

The Fed backstop and the report of the U.S. Navy shooting down an Iranian drone are providing a modicum of support for oil markets amidst a very bearish landscape.

– Stephen Innes

Found on Reuters 8 months ago Business

Gasoline consumption is painfully weak given U.S. consumers are in peak driving season.

– Stephen Innes

Found on Reuters 8 months ago Business

The CPI report will have no material impact on Fed guidance nor have a significant influence on the great Fed debate around 25 or 50, after all, the FOMC is unquestionably willing to let inflation run hotter after spending the better part of a decade trying to ignite those flames.

– Stephen Innes

Found on Reuters 8 months ago Top News

After all, the FOMC is unquestionably willing to let inflation run hotter after spending the better part of a decade trying to ignite those flames.

– Stephen Innes

Found on Reuters 8 months ago Top News

Imports down, exports likely up and refinery utilization at yearly highs.

– Stephen Innes

Found on Reuters 8 months ago Business

There is nothing like an early start to the hurricane season to support oil prices, but looking under the hood of the EIA data, it paints an even rosier picture for U.S. oil markets, imports down, exports likely up and refinery utilization at yearly highs.

– Stephen Innes

Found on Reuters 8 months ago Business

The weaker global economic outlook is keeping oil prices under downward pressure, but tensions in the Middle East are enhancing awareness to possible supply risk and should keep a floor under oil in the medium term.

– Stephen Innes