Category: Crude Oil
The analysis published under this category are as follows.
Tuesday, December 04, 2018
The Saudi Dilemma: To Cut Or Not To Cut / Commodities / Crude Oil
By: OilPrice_Com
To cut and push up prices or not to cut and preserve market share, this is the question that Saudi Arabia is facing ahead of this year’s December OPEC meeting. It seems like just yesterday when OPEC met in 2016 and decided to cut production by 1.8 million barrels daily, including from Russia, to reverse the free fall of oil prices. At the time, it worked because everyone was desperate. Now, many OPEC members are both desperate while not yet recovered from the 2014 blow. Saudi Arabia is not an exception.
Read full article... Read full article...
Monday, December 03, 2018
Crude Oil After November’s Declines / Commodities / Crude Oil
By: Nadia_Simmons
November was the worst month for oil bulls since July 2016. Over the past few weeks, the price of black gold has dived deeply, sometimes dropping even under the barrier of $50. What impact did this price action have on the long-, medium- and short-term picture of the commodity?
Let's start today’s alert with the long-term chart (charts courtesy of http://stockcharts.com).
Read full article... Read full article...
Friday, November 30, 2018
What the Oil Short-sellers and OPEC Don’t Know about Peak Shale / Commodities / Crude Oil
By: Andrew_Butter
A Black Swan is when something dramatic happens that most people did not expect, like when house prices went down, not up...remember that?
Last week on Bloomberg News, Javier Blas wrote of a new “Shale Boom” that could...create “OPEC’s Worst Nightmare”. https://www.bloomberg.com/news/articles/2018-11-21/opec-s-worst-nightmare-the-permian-is-about-to-pump-a-lot-more
That sentiment reflects a broad consensus of opinion that has driven oil prices down 30% in two months. The central theme of the article was that the spike in year-on-year change of U.S. production of “oil, condensate, and natural gas liquids”, to 3.0 million barrels per day (MBPD) in August 2018, was proof of shale-oil’s continuing resurgence.
Read full article... Read full article...
Wednesday, November 28, 2018
Why the Crude Oil Price Collapsed to $50 / Commodities / Crude Oil
By: Nadeem_Walayat
From a high of $77 barely 6 weeks ago the crude oil price has been on a relentless downwards slide, slicing through key support levels all the way to a new low for the year of just $50! A move that NO ONE saw coming! With the key triggering price point coming late October when the oil price failed to hold support at $64.
Read full article... Read full article...
Tuesday, November 20, 2018
Can We Expect A Major Rebound In Crude Oil Prices? / Commodities / Crude Oil
By: OilPrice_Com
After declining by more than 20 percent from the October peak, oil prices are showing some signs that they have now bottomed out.
WTI hit a low point at $56 per barrel on Wednesday and Brent hit a low just below $65 per barrel. Both crude benchmarks regained some ground at the end of the week, despite the huge increase in U.S. crude oil inventories. In fact, rising prices in the face of the 10-million-barrel increase in crude stocks suggests that oil may have already hit a bottom. “[Y]esterday’s price reaction to the US inventory data shows that negative news is now largely priced in,” Commerzbank said in a note. “This is the only way to explain why an increase in US crude oil stocks of a good 10 million barrels failed to put further pressure on prices.”
Read full article... Read full article...
Tuesday, November 13, 2018
Why the End of the Longest Crude Oil Bull Market Since 2008? / Commodities / Crude Oil
By: Dan_Steinbock
In the past two years, crude oil has steadily advanced, supported by global recovery. But in just 10 days, oil has posted the longest losing streak since mid-1984 – thanks to overcapacity and the Trump trade wars.
Half a year ago, crude oil prices were expected to climb from $53 per barrel in 2017 to $65 per barrel by the year-end and to remain around that level through 2019. By mid-October, crude had soared to $75 and the rise was expected to continue.
Tuesday, November 13, 2018
Will Crude Oil Price Find Support Near $60? / Commodities / Crude Oil
By: Chris_Vermeulen
Our research team warned of this move in Crude Oil back on October 7, 2018. At that time, we warned that Oil may follow a historical price pattern, moving dramatically lower and that lows near $65 may become the ultimate bottom for that move. Here we are with a price below that level and many are asking “where will it go from here?”.
Read full article... Read full article...
Wednesday, November 07, 2018
Is Oil's Freefall Over? Here's a FreePass to Find Out NOW / Commodities / Crude Oil
By: EWI
Dear Investor,
While most traders have been watching the S&P, oil plunged 18% in October. In the process, crude broke below a key long-term trendline. You know what that means: It's an exciting potential opportunity.
Read full article... Read full article...
Tuesday, November 06, 2018
Positive Implications for Gold Miners if Crude Oil Breaks Down / Commodities / Crude Oil
By: Gary_Tanashian
It’s an over obsessed upon commodity, previously hyped for its (Hubbert’s) “peak” status by “experts” like T Boone Pickens and a whole clown show of promoters amplified by the media at the time.
Now WTI Crude Oil has reached a thick resistance zone (as managed in NFTRH for the last couple of years) and may be breaking down from a peak of a whole other kind. Here is the monthly chart we use.
Read full article... Read full article...
Saturday, October 13, 2018
Next Points for Crude Oil Bears / Commodities / Crude Oil
By: Paul_Rejczak
Thanks to yesterday’s session crude oil lost 3% and approached the previously-broken barrier of $70. In this area oil bears met several other short-term supports, but are they stable enough to stop the sellers in the coming days?
Let’s take a look at the charts below (charts courtesy of http://stockcharts.com).
Read full article... Read full article...
Wednesday, October 10, 2018
Oil Price Rally Boosts Electric Car Sales / Commodities / Crude Oil
By: OilPrice_Com
Tesla’s competition is about to get more crowded next year with many legacy automakers and luxury brands launching a record number of battery electric vehicles and plug-in hybrids.
All EV makers will have one common element that could help lift demand for battery vehicles—rising oil prices leading to fuel prices at four-year highs, which could turn consumers towards EVs.
Read full article... Read full article...
Tuesday, October 09, 2018
Will Crude Oil Follow Historical Patterns? / Commodities / Crude Oil
By: Chris_Vermeulen
Our research team, at Technical Traders Ltd., has been very interested in Oil recently as the current rally appears to have rotated lower near a top. Our predictive modeling systems, predictive cycle analysis and other tools suggest Oil/Energy may be setting up for a downward price trend. This may be an excellent opportunity for skilled traders to identify profitable trades as this trend matures.
Read full article... Read full article...
Tuesday, October 09, 2018
Crude Oil Price Trend Forecast 2018 Update / Commodities / Crude Oil
By: Nadeem_Walayat
This is an update to my crude oil price trend forecast for 2018. So firstly a recap of my forecast for for 2018 which since the start of this year has been for the oil price to target a trend to $80.
Read full article... Read full article...
Friday, October 05, 2018
Crude Oil Price Technical Analysis / Commodities / Crude Oil
By: Nadeem_Walayat
TREND CHANNELS - The oil price for the whole of the 2018 has been trading within the upper band of trend channel that extend towards a high of $80 by the end of 2018, which is the primary reason for my original forecast target.
Read full article... Read full article...
Monday, October 01, 2018
Crude Oil Price Trend Forecast 2018 Current State / Commodities / Crude Oil
By: Nadeem_Walayat
Here is an update to my crude oil price trend forecast for 2018.
Firstly a recap of my forecast for the crude oil price for 2018 which since the start of this year has been for the oil price to target a trend to $80.
Read full article... Read full article...
Wednesday, September 26, 2018
Crude Oil Price $100 Is A Distinct Possibility / Commodities / Crude Oil
By: OilPrice_Com
An oil price spike is starting to look increasingly possible, with a rerun of 2008 not entirely out of the question, according to a new report.
The outages from Iran are worse than most analysts expected, and bottlenecks in the U.S. shale patch could prevent non-OPEC supply from plugging the gap. To top it off, new regulations from the International Maritime Organization set to take effect in 2020 could significantly tighten supplies.
Read full article... Read full article...
Tuesday, September 18, 2018
Omanization: a 20-year Process to Fight Volatile Oil Prices / Commodities / Crude Oil
By: Ben_Jardine
The stark realisation that the oil industry, with its volatile fluctuations, is an unreliable source of income for the Sultanate of Oman, has encouraged its leaders in 1988 to introduce what is commonly referred to as the ‘Omanization’ of its economy. In short, this means that through its National Program for Enhancing Economic Diversification (Tanfeeth), the Omani government has decided to develop the following sectors: manufacturing, transport, logistics, and tourism. This they hope, will transform its economy from one that is less reliant on its oil reserves and expat workers, to one that is self-sufficient at its core.
Read full article... Read full article...
Tuesday, September 11, 2018
The Downside For Oil Price Is Limited / Commodities / Crude Oil
By: OilPrice_Com
More than two weeks of nearly uninterrupted price gains for crude oil ended this week, with the rally running out of steam. The question is what happens next?
Oil prices posted steep losses just as the bulls were back on the march. WTI briefly topped $70 per barrel in recent days and Brent was flirting with $80. But the rally was kneecapped by a variety of factors, and it could be challenging to break above those key pricing thresholds in the near future.
Read full article... Read full article...
Thursday, September 06, 2018
Crude Oil Price Likely To Find Support In Uptrend / Commodities / Crude Oil
By: Chris_Vermeulen
I have focused my attention on the recent price rotation in the Crude Oil market. I believe the recent downside rotation in price, while technically still in a bullish trend, is an excellent opportunity for traders to identify entry positions for a potential price rally to levels near of above $70~71 ppb.
My proprietary price modeling systems and price cycle systems are clearly illustrating that Oil prices should find support, bottom and rotate higher within the next 5~7+ days. I rely on these proprietary indicators and modeling systems to help understand when opportunities exist in the markets. When I can determine that price is moving counter to a primary trend and creating what I call a “price anomaly”, where enhanced opportunity exists for a profitable outcome, I attempt to determine if this trigger warrants alerting our followers. In this case, I believe the opportunity for upside price action following this price rotation is exceptional.
Read full article... Read full article...
Friday, August 24, 2018
A Saudi-Iran Oil War Could Break Up OPEC / Commodities / Crude Oil
By: OilPrice_Com
When OPEC and Russia shook on increasing crude oil production by a million barrels daily to stop the oil price climb that had begun getting uncomfortable for consumers from Asia to the United States, there was no sign of what was to come just two months later: slowing demand in Asia, ample supply, and a brewing price war between Saudi Arabia and Iran.
Read full article... Read full article...