Category: Crude Oil
The analysis published under this category are as follows.
Sunday, March 06, 2011
Crude Oil Price Surge and Supply, There Are No Good Outcomes / Commodities / Crude Oil
By: James_Quinn
The political class and their mouthpieces in the corporate controlled mainstream media are desperately trying to spin the oil price surge as a temporary inconvenience that will not derail their phony recovery story. Brent crude closed at $116 per barrel yesterday. West Texas crude closed at $104 per barrel. Unleaded gas has risen by 22% in the last month and 60% since September 1, 2010. I’m sure this slight increase hasn’t impacted Ben Bernanke or Lloyd Blankfein. Their limo drivers just charge it to their unlimited expense accounts. Joe Sixpack, driving his 15 mpg Dodge RAM pickup, is now forking over an extra $1,200 per year in gas expenditures, not to mention more for everything impacted by oil such as food, utilities, and anything transported to their local Wal-Mart by truck (everything). Luckily, the Federal Reserve and crooked politicians only care about their comrades in the top 1% elitist society, for whom oil is an investment, not an expense.
Saturday, March 05, 2011
Employment And Oil.... Stocks Whipsaw Week...Bull Trend Still In Place..... / Commodities / Crude Oil
By: Jack_Steiman
Such an interesting week. If you remember last Friday's report, I talked about whipsaw coming up in a symmetrical triangle. I don't think anyone would argue that that's exactly what we saw this week. The triangle is alive and kicking. They are so emotional, especially when over played on either side. Longs struggle. Shorts struggle. Lots of back and forth that plays on your mind. Usually causes bad outcomes. You get aggressive in a symmetrical triangle you pay the price, even though you probably didn't put on a bad trade. It just feels that way at certain times within it. Again, nothing aggressive. If you play only a few plays you can more easily deal with what's taking place.
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Friday, March 04, 2011
Leverage Surging Crude Oil Demand / Commodities / Crude Oil
By: The_Energy_Report
The rising tide of commodity prices has had a multiplier effect on the smaller unrecognized and undervalued oil explorers and producer. Private investor Chen Lin is leveraging ever-increasing demand for oil via micro- and small-cap stocks. He looks for companies with strong balance sheets that can generate the cash flow to become self-funding in a relatively short period of time. In this exclusive interview with The Energy Report, Chen explains how he determines which companies have the potential to double, triple or even quadruple and shares some promising stocks he owns.
Friday, March 04, 2011
Impending Crude Oil Correction By Mass Rollover / Commodities / Crude Oil
By: Dian_L_Chu
Thanks to Muammr Gaddafi’s airstrikes near a Libyan oil terminal, and protests in Iran adding to the continuing chaos in Middle East and North Africa (MENA), on Wednesday, March 2, Brent oil settled at its highest level since August 2008 at $116.35 a barrel, while WTI futures on NYMEX also advanced to $102.33 per barrel.
Thursday, March 03, 2011
Resistance Plateau for Crude Oil / Commodities / Crude Oil
By: Mike_Paulenoff
While crude oil waffles around between $103 and $100, let's take a look at the big picture. The big picture of crude oil prices (WTI futures) shows the bull move from the Dec 2008 low at $32.40 into the Feb 2011 high at $103.41, which represents almost an exact 62% recovery of the entire prior bear market decline from $147.27 hit in July 2008.
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Thursday, March 03, 2011
Crude Oil $130 Could Be Just the Beginning as Libya Crisis Intensifies / Commodities / Crude Oil
By: Money_Morning
David Zeiler writes: With rising violence in Libya looking increasingly like a war, the head of Libya's national oil company said yesterday (Wednesday) that crude prices could reach $130 a barrel within a month.
But that may be just the beginning, as other analysts have raised fears of oil prices topping $200 and even $300 a barrel.
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Thursday, March 03, 2011
The Libyan Crisis: Where Are Crude Oil Prices Going? / Commodities / Crude Oil
By: Marin_Katusa
Marin Katusa, Casey’s Energy Report writes: The oil picture is always complex, but right now things are about as complicated as they can get.
The unrest in Egypt has settled for the moment, but the future there is not yet clear as the military takes control on promises of free elections.
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Wednesday, March 02, 2011
Middle East Meltdown Will Send Crude Oil to $300 and Pump Prices to $9.57 a Gallon / Commodities / Crude Oil
By: Money_Morning
Martin Hutchinson writes:
The unrest in the Middle East oil patch is roiling the global oil markets on an almost daily basis.
The events in Egypt, Libya, Saudi Arabia, Oman and other countries are also forcing us to ask that long-dreaded question: What happens if the countries throughout the Middle East region fall to radical governments?
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Tuesday, March 01, 2011
Mideast Crisis Update: Don't Count on the Saudi Crude Oil Supply / Commodities / Crude Oil
By: Money_Morning
Kent Moors writes: As the autocratic rule that has dominated the Middle East for decades continues to unravel, volatility in the global oil markets continues to point toward one overriding concern: How can we maintain an oil-flow balance in the face of this escalating uncertainty?
Global oil prices spiked to their highest levels in more than two years on Friday because of worries that the unrest and resulting production curbs in Libya would spread to other oil-exporting countries.
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Tuesday, March 01, 2011
Ban Crude Oil Imports for Energy Security? / Commodities / Crude Oil
By: Dian_L_Chu
I came across an interesting editorial at Houston Chronicle dated Feb. 26 written by Yale Graduates Energy Study Group discussing energy security and independence.
In the article, the authors propose a federal policy (the "limits" policy) to withdraw U.S. crude and products imports from the world oil market, for example, in a 10-year period. During that period, all imports would be phased out to zero except Canada, whose pipelines run almost exclusively south into the U.S.
Tuesday, March 01, 2011
Libya Value And Growth Opportunities From Oil and Gas Normalization / Commodities / Crude Oil
By: Andrew_McKillop
OVERVIEW
In the 10 – 15 days from today's date the following is likely and possible: -
Announcement of plans to recover and relaunch Libyan oil and refined products export
Quick recovery of export capacity of natural gas as well as crude and refined products
New democratic Libyan state and constitution plans announced with approx. 6-month horizon
Tuesday, March 01, 2011
Libyan Oil Is A Red Herring: Unless The Saudis Have a Sulk…Or Worse! / Commodities / Crude Oil
By: Andrew_Butter
According to dispatches the recent events shut-down 75% of Libya’s oil exports. If the situation deteriorates into a full blown civil war then the output could dwindle to nothing.
On top of that, when the UN Security Council starts talking about sanctions; you know you are in for a long haul. What that really means is whilst they “disapprove” they won’t do anything of any practical value to help resolve the violence; case-in-point Iran; which has had sanctions in one form or another for thirty years; and look what that “achieved”.
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Sunday, February 27, 2011
Crude Oil, Natural Gas and Geopolitics / Commodities / Crude Oil
By: John_Hampson
Revolt in Libya and fear of the spread of revolt to Saudi Arabia and Algeria - all oil producers - helped push oil prices higher last week. Libya shut down what amounts to roughly 1% of the world's supply. Saudi Arabia responded by increasing supply and the IEA discussed releasing some of the emergency stockpiles. These emergency stockpiles amount to 1.6 billion barrels, or around 4 million barrels a day for a year. Given that Libya produces around 1.6m barrels a day and Algeria 1.3m barrels, the IEA could cover the eventuality of both losing all their supply for up to a year, which is clearly an outside scenario. But, if an uprising gathers pace in Saudi Arabia and disrupts its pumping of 10% of world supply, then the supply gap is unlikely to be filled. For now, this also represents an outside scenario, as the Saudi Government has taken proactive steps to placate its people.
Saturday, February 26, 2011
Crude Oil Unique Price Formation, Should You Buy Here? / Commodities / Crude Oil
By: Jared_Levy
This has been a turbulent week on the geopolitical front, triggering waves in the stock market and sending the price of crude oil through the roof. While the stock market corrects itself (as we anticipated), the price of crude oil seems to be creeping ever higher, putting upward pressure on the price of fuel and energy. Worse still is the serious effect this could have on the economic recovery that everyone has been banking on.
Friday, February 25, 2011
Crude Oil, Natural Gas and AMEX Oil Index Stocks Analysis / Commodities / Crude Oil
By: David_Petch
The daily chart of oil is shown below, with oil shooting well above all three Bollinger bands, suggestive that oil will consolidate for at least 7-10 days before trending higher. Normally, when prices run well above upper Bollinger bands, a consolidation is required, or a pullback is in order. Given the fact that all three lower Bollinger bands are positioned in close proximity to each other and the lower 55 MA Bollinger band curled lower, oil prices are highly likely to remain above $90/barrel and eventually rise above $100/barrel before summer's end. Full stochastics 1, 2 and 3 are shown below in order of descent, with the %K beneath the %D in all three instances.
Friday, February 25, 2011
Booster Rocket Ignites in Crude Oil / Commodities / Crude Oil
By: Seven_Days_Ahead
Following Brent Crude’s earlier break above the May-10 high we had been focusing on certain Fibo targets and more recently looking for signs of bull fatigue as these were approached. But bulls have got a second wind, calling for higher projections/targets now.
Friday, February 25, 2011
Libya Crisis Advice From the Guy "Big Oil" Calls for Answers / Commodities / Crude Oil
By: Money_Morning
Kent Moors, Ph.D. writes:
Given the events that we've seen in Egypt and elsewhere in recent weeks - as well as the developments we've seen in Libya in recent days - there's only one conclusion to reach.
We are right now looking at the prospect of significant and sustained instability in a region that's home to two-thirds of the world's known crude oil reserves.
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Thursday, February 24, 2011
WTI and Brent Disparity Means Higher Crude Oil Prices / Commodities / Crude Oil
By: The_Energy_Report
West Texas Intermediate (WTI) oil is trading at a significant discount to Brent crude, the latter of which is used to price two-thirds of globally traded crude oil. WTI, on the other hand, is the commodity underlying Nymex futures contracts and has, more often than not, traded slightly above Brent. Although the current Brent/WTI divergence is widening, disruptions in equilibrium don't tend to last. "True energy demand," says Raymond James Director of Energy Research Marshall Adkins, "will ultimately bring WTI in line with global oil prices." Marshall reveals how equity investors can profit from oil service providers in this exclusive interview with The Energy Report.
Thursday, February 24, 2011
Crude Oil Goes SuperNova, $115, $150, $200, Implications for Inflation / Commodities / Crude Oil
By: Nadeem_Walayat
The inflation forecast for 2011 warned that the key risks to the forecast were all to the upside and specifically if Crude oil were to go super nova during 2011, subsequent events starting in Tunisia, magnifying in Egypt and now exploding in Libya have sent crude oil prices soaring into the stratosphere as speculators pile into a panic sparked trend, where Brent Crude has now spiked higher to $115 on the spot market, up $40 from the recent trading range of $75 and leaving the US WTI Crude presently lagging behind at $101.
Thursday, February 24, 2011
Sales of Existing U.S. Homes Moved Up, But Median Price Establishes New Low / Commodities / Crude Oil
By: Asha_Bangalore
Sales of all existing homes rose 2.7% to an annual rate of 5.36 million units in July of 2010, while purchases of single-family existing homes rose 2.4% to an annual rate of 4.69 million, which is up 38% from the cycle low of 3.390 million registered in July 2010. Regionally, sales of existing homes fell in the Northeast (-4.6%), but rose in the Midwest (+1.8%), South (+3.6%) and West (+7.9%).