Category: Crude Oil
The analysis published under this category are as follows.
Friday, January 14, 2011
Politics – Not Oil Prices – Are What's Behind the Deepwater Drilling Debate / Politics / Crude Oil
By: Money_Morning
Jason Simpkins writes: With oil prices rising and the Gulf oil spill fading from the forefront of the American psyche, deepwater drilling is set to emerge as a very hot, and very controversial topic in the months ahead - particularly among Republican representatives.
The GOP traditionally has been the party that supports the development of fossil fuels, while Democrats tend to push for more environmental regulation and a move toward renewable resources.
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Friday, January 14, 2011
Forgotten Treasure: Unconventional Crude Oil in the Middle East / Commodities / Crude Oil
By: Marin_Katusa
Marin Katusa, Casey’s Energy Report writes: As the conventional and cheap oil and gas start to dry up in the Middle East... a bigger, even better opportunity seeks to replace it.
For many who aren't familiar with the region, the Middle East comes across as an updated version of Lawrence's Arabia, only with lots of oil. But this mosaic of cultures isn't made up of only Arabs or Muslims, and most Middle East countries are neither awash with heavily armed, rather excitable citizenry... nor with black gold, which is what we're interested in. Twenty-three countries comprise the Arab League, but only Saudi Arabia, Iraq, Kuwait, the United Arab Emirates (UAE), and Iran are major oil producers.
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Friday, January 14, 2011
Who, How and Why: Crude Oil $140 and $5 Gas / Commodities / Crude Oil
By: OilPrice_Com
According to a loosely-organized apocalyptic Christian movement, May 21, 2011 will be the "end of days." On or about that same date, the price of oil in the United States will begin to climb to $4 a gallon, according to two savants of the oil industry.The former is highly unlikely but the latter is very probable.
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Thursday, January 13, 2011
Crude Oil Prices Push to Two-year High / Commodities / Crude Oil
By: LiveCharts
Oil prices closed at their highest level since October 28th after a settle price of $91.86 on Wednesday. The current (January 13) price is $91.79 on the New York NYMEX for one barrel of light sweet crude futures scheduled for February delivery.
Increased demand for oil, lower inventory levels, and speculative interest are credited for driving oil to its current levels.
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Tuesday, January 11, 2011
Oil, PBR in New Upleg? / Commodities / Crude Oil
By: Mike_Paulenoff
Oil prices pivoted off of key support at 87.25-86.80 last Friday in the aftermath of a decline from 92.58. Strength yesterday and today has the look and feel of a new upleg, which if accurate projects next to 94.60-95.20 -- and, if that target zone is breached, onwards to 103-105.
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Tuesday, January 11, 2011
How to Trade Crude Oil / Commodities / Crude Oil
By: INO
Now that we have "Silly Season" behind us, it's time to get serious about trading
In today's video we are looking at crude oil. This market has been a disappointment to a lot of traders as has remained in a broad trading range for the past 18 months.
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Monday, January 10, 2011
Crude Oil To Bust Through on Supply Concerns / Commodities / Crude Oil
By: Dian_L_Chu
Since the start of the New Year, West Texas Intermediate (WTI) crude oil have been moving with significant bearish sentiment (See Chart) mostly on a lot of profit taking going around in the commodity space, and also on concerns over the high inventory and that supplies would exceed demand. The latest jobs report only further fanned the pessimism.
Sunday, January 09, 2011
Three Energy Charts That Should Scare the Bejeezus Out of You / Commodities / Crude Oil
By: Sean_Brodrick
After surging into the end of the year, oil and oil stocks have pulled back. Why?
• It’s certainly not global economic fundamentals, which are improving, with car sales rising and unemployment dropping.
• It’s not oil inventories — U.S. oil stockpiles dropped 20 million barrels in a recent one-month period.
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Thursday, December 30, 2010
Peak Oil Is Coming, Courtesy of Political Incompetence / Commodities / Crude Oil
By: Graham_Summers
Before starting today’s essay, I have to thank Rick Rule of Global Resource Investments for his insights on the following issues.
Rick has been involved in natural resources investing since 1974. He founded Global in 1994 and has been behind many of the largest deals (Silver Standard being one) and the largest profits (between 1998 and 2006 he grew $15 into $460 million) the industry has ever seen.
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Friday, December 24, 2010
Crude Oil Prices at Two Year High / Commodities / Crude Oil
By: LiveCharts
Oil prices are pushing higher after reaching the highest mark in two years this week. A barrel of light sweet crude settled at $91.51, up $1.03, on the New York NYMEX Futures board Wednesday (December 23).
Oil pierced the $90 level earlier this week after spending most of the second half of 2010 moving up and down in the low to high $80s.
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Friday, December 24, 2010
Crude Oil and Gasoline 2011 Forecast / Commodities / Crude Oil
By: Dian_L_Chu
Just in time for Christmas, On Wednesday, Dec. 22, U.S. gasoline prices hit an average $3 a gallon for the first time in more than two years, according to AAA's Daily Fuel Gauge Report. Meanwhile, U.S. stocks and oil also climbed to the highest levels since 2008.
Tuesday, December 21, 2010
Crude Oil, Natural Gas and the AMEX Oil Stocks Index Analysis and Forecast Update / Commodities / Crude Oil
By: David_Petch
The daily chart of oil is shown below, with upper Bollinger bands above the index, suggestive that a short-term top was put in place. Lower 21 and 34 MA Bollinger bands are in close proximity to each other and starting to rise, indicating 2-4 weeks of sideways to downward price action. Full stochastics 1, 2 and 3 are shown below in order of descent, with the %K above the %D in 1 and 2 and beneath the D in 3. The %K in stochastic 1 noticeably hooked down, further confirming 2-4 weeks of weakness in prices. The next level of support is at $83/barrel.
Saturday, December 18, 2010
Where Will the Next Cardium Oil Opportunity Be? / Commodities / Crude Oil
By: Keith_Schaefer
The Experts Weigh In: The 2011 Outlook for the Cardium Oil FormationPART II – what did we learn in 2010 and where is the next Cardium?
Improving economics, higher oil prices and exploration that pushes the boundaries are three factors that could create even higher valuations in the Cardium play, industry executives say.
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Tuesday, December 14, 2010
Will Oil Inflation Destroy America Or Will 2011 Be The Year of The Rabbit? / Commodities / Crude Oil
By: Andrew_Butter
The good news is that the Saudis are saying $70 to $80 is “Fair”. The bad news is they may change their minds and with oil knocking at the door of $90 and some OPEC malcontents muttering $100, they are starting to look a bit wobbly. Or even if they are “steadfast”, perhaps they won’t be able to pump enough oil to contain prices?
In 1985 OPEC was holding back 11 million barrels a day of capacity, in 1995 that had dwindled to 2 million a day, today no one is sure. The leverage to keep oil prices down is a function of how much “ammo” you have.
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Saturday, December 11, 2010
Fudge Factor in U.S. Crude Oil Trade Data? / Economics / Crude Oil
By: Andy_Sutton
For many years now this column has been periodically dedicated to the analysis of economic reports, and the exposure of ‘fudging’ that takes place in most macroeconomic data series. Immediately upon looking at this morning’s trade data it seemed that, once again, something was amiss. It probably jumped out at me because I had just finished a crude oil analysis report for December’s Centsible Investor and the information was still fresh in my mind. However, I am quite sure that I am not the only one who noticed this.
Wednesday, December 08, 2010
What's Ahead for Crude Oil? / Commodities / Crude Oil
By: INO
There's no question about it, 2010 has been pretty difficult for most traders in the crude oil market. This year has produced no discernible, lasting trends in this market. The trends it has produced have lasted little more than just 3 or 4 weeks at best.
Wednesday, December 08, 2010
Crude Oil Price Ten Year Forecast to 2020 / Commodities / Crude Oil
By: Andrew_Butter
“Prediction is extremely difficult, especially about the future”: Niels Bohr
Once upon a time everything was predictable. Rating agencies could “almost” guarantee negligible default rates on bonds bearing pretty AAA investment grade stickers. And as the free-world slumbered, Noble Prize-winning economists fiddled with (fiendishly) clever theories like Inflation Targeting and the Black–Scholes-Model, which (theoretically) were going to create immense wealth out of thin air.
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Tuesday, December 07, 2010
Stocks Leading Oil Prices Higher / Commodities / Crude Oil
By: Donald_W_Dony
The direction of oil prices continues to remain a topic of hot debate by many analysts and economists. The key elements of global consumption rates, inventory levels, OPEC and non-OPEC supply, all play a decisive role in the long term picture of this natural resource. Yet for most investors, the path of oil can be simply found in the stock market.
Monday, December 06, 2010
Crude Oil Bulls Remain Confident / Commodities / Crude Oil
By: Seven_Days_Ahead
Earlier this year the slip back in Crude Oil price was supported by the 38.2% retracement, with bears unable to make further headway. The subsequent recovery still looks sound, with the May high remaining under threat of being breached.
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Monday, December 06, 2010
Crude Oil Demand Pushes to New High / Commodities / Crude Oil
By: Frank_Holmes
Lost in the shuffle of the European debt woes, a second round of quantitative easing and gold’s record run has been the resurgence in global demand for oil. Global oil demand is strong; in fact, it has never been stronger. Oil demand during the third quarter of this year was up 3.7 percent, the fourth-straight quarter of growth.