Category: Crude Oil
The analysis published under this category are as follows.
Sunday, October 17, 2010
Forget China, The Real Catastrophe To Hit U.S.A. Is Hydrocarbon Imports / Commodities / Crude Oil
By: Andrew_Butter
deleted on author request.
Wednesday, October 13, 2010
OPEC's Stealth Move on Crude Oil / Commodities / Crude Oil
By: Money_Morning
Kent Moors, Ph.D. writes:
Crude dropped for the second straight day yesterday (Tuesday) after Saudi Arabia made it clear that the Organization of the Petroleum Exporting Countries (OPEC) will leave its production targets unchanged at its meeting tomorrow (Thursday). Crude oil for November delivery fell 54 cents a barrel - or 0.7% - to finish at $81.67 a barrel on the New York Mercantile Exchange yesterday. Even with yesterday's decline, oil prices are up 11% over the past 12 months.
Sunday, October 10, 2010
Crude Oil Next Major Resistance $87 a Barrel / Commodities / Crude Oil
By: Dian_L_Chu
Crude Oil hit a high of $84.09 on Thursday morning before investors sold into the rally in all commodities before the volatile jobs report on Friday morning. The shorts pushed Crude to a weekly low of $80.30 early Friday morning, which was a nice buying opportunity, as Crude Oil closed the electronic session on Friday at $82.84.
Friday, October 08, 2010
Iraq’s Energy Sector Is Moving Forward With or Without the U.S. / Commodities / Crude Oil
By: Money_Morning
Jason Simpkins writes: Iraq on Wednesday broke the record - 207 days - for the time between a parliamentary election and the formation of a government. But while Iraq's government is at a standstill, the country's energy sector remains dynamic and U.S. companies can't afford to wait for the political climate to thaw before diving in.
Thursday, October 07, 2010
Tourism Resorts and Crude Oil Exploration in the Caspian Sea / Politics / Crude Oil
By: Global_Intel_Report
SITUATION: One indirect consequence of the Gulf of Mexico oil spill is the impact it may have on the financing of the many tourism projects that have sprouted along the Caspian Sea. Bordered clockwise from the North by Kazakhstan, Turkmenistan, Iran, Azerbaijan, and Russia, the Caspian Sea is one of the largest bodies of water and an object of strategic ambitions. Though the global financial crisis put may grandiose Caspian Sea tourism projects on hold, some of them are coming back to life, but investors should be alert to tourism trends, corruption, and unanswered questions about demand and potential profit.
Thursday, October 07, 2010
Near-term Trend Change for Crude Oil / Commodities / Crude Oil
By: Mike_Paulenoff
For better or worse, richer or poorer, my big picture pattern work on oil continues to warn me that I should treat the May decline from $87.15 to $64.24 as the first downleg either in a large, incomplete correction, or the first downleg in a bear market for oil.
The only way to invalidate those scenarios will occur on a price climb that hurdles $87.15. Barring upside continuation, the bearish scenarios projects to an optimal target of $63-$58.
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Wednesday, October 06, 2010
The Secret Indicator That Points to Much Higher Crude Oil Prices / Commodities / Crude Oil
By: Money_Morning
Kent Moors, Ph.D. writes: Crude oil has taken on a life of its own. As I have noted on several occasions, oil is both a commodity in wide demand and a financial asset in its own right.
In the former case, as a commodity, the so-called "wet" barrels (the actual oil) will respond to traditional marketplace pressures - particularly supply and demand.
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Wednesday, October 06, 2010
Gold Crude Oil Ratio Signals and Latest QE Path / Commodities / Crude Oil
By: Ashraf_Laidi
In my September 1st piece, I argued the importance of valuing Gold relative to Silver via the Gold/Silver ratio, concluding that gold will UNDERperfom silver despite its status in the limelight. Indeed, the G/S ratio has fallen 7% since the article, hitting a new 13-month low of 59.0. My case for "faster" gains in silver remain in place.
Monday, October 04, 2010
Crude Oil Forecast to Hit $100 By January 2011 / Commodities / Crude Oil
By: Dian_L_Chu
Last week the shorts were all lined up for another bearish inventory report for Petroleum products from the EIA, but lo and behold, miracles do actually occur. We had an extremely bullish report (Fig. 1) which caught a lot of traders poorly positioned, and many fund managers underexposed to the commodity, which relative to Gold, Silver, and Copper, smelled like a bargain in the face of further quantitative easing expected by the Federal Reserve in the 4 th quarter.
Friday, October 01, 2010
Where Are Crude Oil and Natural Gas Prices Heading Next? / Commodities / Crude Oil
By: Marin_Katusa
Marin Katusa, Chief Energy Strategist, Casey Research writes: Oil is heading to US$200 per barrel. This isn’t speculation but hard fact. But forewarned is forearmed, and with this price expected within the next five years, investors have plenty of time to position themselves.
We recently have been talking about tools that investors can use to navigate the economic landscape. The gold-to-oil ratio is one such tool, but another popular compass is the oil-to-natural gas ratio.
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Saturday, September 25, 2010
Weaker Dollar Propels Crude Oil Higher Amid Mixed Economic News / Commodities / Crude Oil
By: OilPrice_Com
Crude oil prices battled their way to a gain for the week as worries about the economy warred with the upward pressure from a weakening dollar.Positive news in several categories of durable goods orders helped boost oil prices nearly 2% on Friday, so that the benchmark West Texas Intermediate futures contract, which switched from October to November this week, could tack on nearly 4% for the week.
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Wednesday, September 22, 2010
Investing in the Paris Basin Shale Oil Play / Commodities / Crude Oil
By: Keith_Schaefer
10x Bigger than the BakkenThe Paris Basin shale oil play in France has the potential to be ten times the size of the Bakken play in North America, and some high profile exploration is beginning soon.
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Tuesday, September 21, 2010
Crude Oil Under Pressure / Commodities / Crude Oil
By: Mike_Paulenoff
Nearby crude oil prices are under pressure again today, and are putting pressure on key near-term support levels at $73.10/00, at $72.75 (9/17 low), and possibly at $72.20 (major trendline from Jan '09 low). While the enclosed chart reflects the nearby contract, which expires today, the continuation pattern remains problematic for the bulls because pressure continues to mount that should test and likely violate the aforementioned support levels.
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Tuesday, September 21, 2010
Saudi Arabia Has Enough Crude Oil For 80 Years / Commodities / Crude Oil
By: Pravda
Khalid al-Falih, CEO of Saudi Aramco, a state-run oil enterprise of Saudi Arabia, said at the 21st World Energy Conference in Montreal that his nation's oil reserves would be enough for at least 80 years, taking account of the current development of the oil industry.
The official added that there would be more crude extracted because Saudi Arabia was increasing the output level for its oil fields from 40 to 70 percent, RIA Novosti reports.
Thursday, September 16, 2010
Crude Oil Future Record Breaking Contango Suggests Higher Oil Prices for 2011 / Commodities / Crude Oil
By: Money_Morning
Jason Simpkins writes:
ConocoPhillips (NYSE: COP) is paying $41,000 a day to keep a storage tanker capable of holding 3 million barrels of oil floating in the Gulf of Mexico, according to international ship- and offshore broking firm RS Platou. And the TI Europe is just one of hundreds of oil tankers sitting idle in waters around the world, as energy companies and investment banks await higher prices for crude.
Tuesday, September 14, 2010
My Simple Crude Oil Trading System / Commodities / Crude Oil
By: DailyWealth
Dr. Steve Sjuggerud writes: Today, I'll share with you a simple system that makes money in oil...
If you had invested $10,000 in this simple system about 25 years ago, it would have turned into $63,000 today, versus $23,000 for buy-and-hold.
Monday, September 06, 2010
Crude Oil prices buffeted in narrow range but end week little changed / Commodities / Crude Oil
By: OilPrice_Com
Oil prices continued to move basically sideways as bullish and bearish news buffeted prices up and down in a narrow range.
The benchmark West Texas Intermediate futures contract settled Friday at $74.60 a barrel, off its lows for the day, and slightly lower than the $75.17 close a week earlier.
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Friday, September 03, 2010
Bear Flag for Crude Oil / Commodities / Crude Oil
By: Mike_Paulenoff
My pattern work is warning me that all of the action in crude oil off of the Aug 25 low at $70.76 is a digestion period of the major downleg from the Aug 4 high at $82.97 to the Aug 25 low at $70.76.
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Friday, September 03, 2010
Peak Denial About Peak Oil / Commodities / Crude Oil
By: James_Quinn
It is par for the course that with oil hovering between $70 and $80 per barrel Americans have continued to buy SUVs and Trucks at a rapid pace. Politicians don't have constituents screaming at them because gas is $4.00 per gallon, so it is no longer an issue for them. They need to focus on the November elections. It is no time to discuss a difficult issue that requires foresight and honesty. It is no time to tell the American public that oil will be over $200 a barrel within the next 5 years. Anyone who would go on CNBC today and declare that oil will be over $200 a barrel would be eviscerated by bubble head Bartiromo or clueless Kudlow. Bartiromo filled up her Escalade this morning for $2.60 a gallon, so there is no looming crisis on the horizon. The myopic view of the world by politicians, the mainstream media and the American public in general is breathtaking to behold. Despite the facts slapping them across the face, Americans believe cheap oil is here to stay. It is their right to have an endless supply of cheap oil. The American way of life has been granted by God. We are the chosen people.
Wednesday, September 01, 2010
Crude Oil’s Out - Find Out What’s In / Commodities / Crude Oil
By: Marin_Katusa
Marin Katusa, Chief Energy Strategist, Casey’s Energy Opportunities writes:
The International Energy Association (IEA) has spoken. What the world needs now is a clean energy technology revolution.
June saw the 2010 launch of IEA’s biannual report, Energy Technology Perspectives. Speaking at the launch was Nobuo Tanaka, executive director for IEA. The Gulf oil spill, he said, could prove to be a tipping point in the world’s energy consumption habits. He added that the disaster serves as a tragic reminder that our current path is not sustainable.
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