This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

U.S. Dollar Strength Remains a Major Factor in Energy Pricing Weakness

Jill Malandrino
10/01/14 2:25 PM EDT
Energy prices continue to struggle and it is reflected in the term structure, or cash relative to the futures contract. From the NYMEX trading floor, Jeff Grossman of BRG Brokerage tells TheStreet’s Jill Malandrino that the strength of the U.S. dollar is certainly bearish for prices. In fact, it is putting pressure on just about every commodity across the board. Grossman points out that as the third quarter was winding down, gasoline, the leader in the energy complex, had a dramatic move up, bringing crude along to about the mid-$90s. Unfortunately, as the quarter closed on September 30, those gains were erased and appear to be a bit overdone. Longer term, Grossman is still cautious in taking a position as a trader because things change so quickly. Geopolitical events have no bearing on supply and demand, and the big swings could be painful even if you are dead right. Finally, natural gas is still a wild card as we are in the middle of hurricane season and it is still too early to establish winter weather patterns. As of now, traders are buying the upside calls and looking for a disruption.
Stock quotes in this video: USO, UNG, UUP

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV

Brokerage Partners

Top Rated Stocks Top Rated Funds Top Rated ETFs