ENERGY OUTLOOK:
ENERGY FUTURES TRADED BOTH SIDES IN THE OVERNIGHT SESSION
WITH REFINED PRODUCTS COMING UNDER SOME PRESSURE BUT REBOUNDING OFF THE LOWS
HEADING TOWARD THE OPENING BELL. THE FOCUS ON THE BAILOUT OF CYPRUS AND
CONCERNS OVER THE ECONOMIC STABILITY IN THE EU REMAINS IN THE HEADLINES. A
DECISION IS SUPPOSED TO BE MADE TODAY REGARDING WHICH COURSE OF ACTION THEY
WILL TAKE ON THE BAILOUT OPTIONS. REFINED PRODUCTS HAVE BEEN A ROLLER COAST
RIDE AND ITS LIKELY TO CONTINUE AS THE MARKET TRIES TO WEIGH BEARISH ECONOMIC
NEWS ABROAD AGAINST AN IMPROVING SITUATION HERE IN THE US. THE GREENBACK IS
COMING IN MODERATELY LOWER THIS MORNING WHICH SHOULD HELP TO PROVIDE SOME
SUPPORT TO COMMODITIES EARLY ON HOWEVER HEADLINES OUT OF THE EU WILL LARGELY
DICTATE THE DAY’S PRICE ACTION
BASIS COMMENTARY:
NYH GASOLINE CASH
MARKETS WERE SEEN TRADING SLIGHTLY WEAKER YESTERDAY AS PARTICIPANTS RETURNED
BACK FROM THE INDUSTRY EVENT IN SAN ANTONIO. GULF COAST GASOLINE CASH MARKETS
WERE SEEING A LITTLE BIT OF A BID YESTERDAY TO START THE NEW COLONIAL PIPELINE
CYCLE WHICH WAS ANNOUNCED WAS ON ALLOCATION FOR THEIR LINE 3 (WITH FRESH BUYERS
COMING BACK INTO THE OFFICE COVERING SHORTS). THE CHICAGO UNLEADED GASOLINE
MARKETS WAS HIT HARD YESTERDAY AS TRADERS WERE SEEN BUYING UP RBOB AND SELLING
THE CBOB MARKET PUSHING THAT SPREAD OUT TO 24 CENTS FROM 18 THE PREVIOUS
SESSION AS DEMAND FOR RBOB HAS BEEN OUTPACING THAT OF CBOB. LA CARBOB CASH
MARKETS WERE SEEN TRADING STRONGER AS A DROP IN OVERALL STOCK AS WELL AS
REFINERY PRODUCTION HEADING INTO THE START OF THE SPRING/SUMMER DRIVING
SEASONS. ROCK CHALK JAYHAWK




INTL FCSTONE ENERGY GROUP
* * *
U Y A R I

BURADA YER ALAN YATIRIM BILGI, YORUM VE TAVSIYELERI YATIRIM DANISMANLIGI
KAPSAMINDA DEGILDIR. YATIRIM DANISMANLIGI HIZMETI SERMAYE PIYASASI KURULU
TARAFINDAN YAYIMLANAN SERI:V, NO:52 SAYILI `YATIRIM DANISMANLIGI FAALIYETINE
VE BU FAALIYETTE BULUNACAK KURUMLARA ILISKIN ESASLAR HAKKINDA TEBLIG`
CERCEVESINDE ARACI KURUMLAR, PORTFOY YONETIM SIRKETLERI, MEVDUAT KABUL
ETMEYEN BANKALAR ILE MUSTERI ARASINDA IMZALANACAK YATIRIM DANISMANLIGI
SOZLESMESI CERCEVESINDE SUNULMAKTADIR. BURADA ULASILAN SONUCLAR TERCIH
EDILEN HESAPLAMA YONTEMI VE/VEYA YORUM VE TAVSIYEDE BULUNANLARIN KISISEL
GORUSLERINE DAYANMAKTA OLUP, MALI DURUMUNUZ ILE RISK VE GETIRI
TERCIHLERINIZE UYGUN OLMAYABILECEGINDEN SADECE BURADA YER ALAN BILGILERE
DAYANILARAK YATIRIM KARARI VERILMESI SAGLIKLI SONUCLAR DOGURMAYABILIR.

-MATRIKS-