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CFTC Advisory Committee Meeting – May 13, 2009

CFTC Advisory Committee Meeting – May 13, 2009. Dominick A. Chirichella Energy Management Institute 646-202-1433 dchirichella@mailaec.com. All in a Just Months!. Recovery Premium. What is Really Causing Prices to Move – Main Energy Market Drivers. Fundamentals – Demand OPEC Geo-Politics

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CFTC Advisory Committee Meeting – May 13, 2009

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  1. CFTC Advisory Committee Meeting – May 13, 2009 Dominick A. Chirichella Energy Management Institute 646-202-1433 dchirichella@mailaec.com

  2. All in a Just Months!

  3. Recovery Premium

  4. What is Really Causing Prices to Move – Main Energy Market Drivers • Fundamentals – Demand • OPEC • Geo-Politics • Weather • Technicals • Economy & Currencies

  5. World Oil Consumption Is Projected toDecline by 1.355 mmbpd in 2009 but gain 1.131 mmbpd bpd in 2010

  6. WTI Closely Linked to Equity Markets

  7. Global Equities Rebounding

  8. Tale of Two Sectors Specs Long RBOB & HO Commercials Long WTI

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