Category: Crude Oil
The analysis published under this category are as follows.Sunday, April 18, 2010
Gasoline Makes Crude Oil a Buy on Any Pullback / Commodities / Crude Oil
Crude futures ended at their lowest point this month Friday, as investors fled riskier assets after regulators charged Goldman Sachs with fraud. West Texas Intermediate (WTI) crude for May delivery settled down at $83.24 a barrel on the New York Mercantile Exchange (NYMEX), the lowest settlement since March 30.
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Saturday, April 17, 2010
SEC Charge Against Goldman has Volcanic Impact on Energy Markets / Commodities / Crude Oil
Oil Market SummaryOil prices plunged on Friday after the U.S. Securities and Exchange Commission charged Goldman Sachs with fraud in its marketing of certain subprime mortgage securities, amid a general sell-off in financial and commodity markets.
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Thursday, April 15, 2010
Weak U.S. Dollar Contributes to Crude Oil $86 Price / Commodities / Crude Oil
Oil prices climbed by nearly two per cent Wednesday (April 9) to settle at $85.84. Catalysts included a weaker dollar following a disappointing look at jobs and a surprising decline in oil supplies.
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Sunday, April 11, 2010
One of the World's Biggest Oil Producers Is Going Bust / Commodities / Crude Oil
"What this means is that we require, in one way or another, the collaboration of other companies on an international level precisely in order to recuperate our levels of production."
From time to time, my job as a resource stock analyst means I get to act as "BS interpreter."
Sunday, April 11, 2010
High Inventories Keep Crude Oil Prices from Advancing on Week / Commodities / Crude Oil
Crude oil prices ended the week virtually unchanged from a week ago as optimism about demand warred with trepidation about historically high inventories in both crude oil and gasoline.Read full article... Read full article...
Thursday, April 08, 2010
No Substitute for Crude Oil on the Horizon / Commodities / Crude Oil
While some analysts are touting natural gas as the substitute for oil, BMO Capital Markets' Oil and Gas Analyst Mark Leggett says he doesn't see natural gas replacing oil in the near term. In this exclusive interview with The Energy Report, Mark says that the infrastructure isn't in place to allow natural gas to become a tangible replacement for oil any time soon. Mark is also still a big fan of oil sands projects in Canada and says that production from those projects can help meet the demand for oil in the coming years.
Monday, April 05, 2010
Oil Price BubbleOmics: $90 and Rising Is the New Reality / Commodities / Crude Oil
Now that there are rumours the world economy is showing some signs of self-sustaining life (if not particularly the US Economy), one thing worth thinking about is where oil prices are likely to go (1).
Starting from the basics, there are a plenty of theories that explain how to grow economies. They range from free-markets to free-debt, all the way through stimulus-packages to free-love.
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Monday, April 05, 2010
What’s Really Driving Obama’s Sudden Interest in Crude Oil / Commodities / Crude Oil
Keith Fitz-Gerald writes: U.S. President Barack Obama generated a lot of hubbub with his decision to open up parts of the Atlantic Ocean and Gulf of Mexico to oil drilling.
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Thursday, April 01, 2010
Crude Oil Prices Near $84 / Commodities / Crude Oil
Crude oil prices continued to gain on Wednesday (March 31) thanks largely to the falling dollar. The price of a barrel of crude oil for May delivery settled at $83.76 on the New York Mercantile Exchange. This was a gain of $1.39 or 1.7 per cent.
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Tuesday, March 30, 2010
Argentina Running Out Of Options Over UK Falklands Oil Fight / Politics / Crude Oil
As Argentina's oil battle with the United Kingdom rages on, the only other obstacle the South American country can throw at oil companies planning to drill near the Falkland Islands is to interdict U.K. ships or equipment - but regional expert Riordan Roett doubts the Argentines are “stupid enough to do that.”
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Saturday, March 27, 2010
Crude Oil Still Stuck at $80; Natural Gas Falls Below $4 / Commodities / Crude Oil
Crude oil prices still found stubborn resistance above the $80-a-barrel level amid concerns about demand while natural gas continued its decline, to below $4 per million British thermal units, as burgeoning supply from unconventional sources depressed prices.Read full article... Read full article...
Friday, March 26, 2010
The Crude Oil Futures Bubble / Commodities / Crude Oil
Kent Moors, Ph.D writes: Sometimes big things come from small meetings.
As an example, consider one particularly contentious 1927 session at the Royal Institute of International Affairs that took place at Chatham House in the center of London's Westminster. It originated an idea now used worldwide - the famous Chatham House Rule. Under its most recent revision (2002), the Rule allows the participants of a meeting to use the information received there, but prohibits them from revealing the identity or affiliation of anyone else present.
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Wednesday, March 24, 2010
Fate of Foreign Oil Investors In Limbo Amid Ghana-Côte d’Ivoire Border Dispute / Commodities / Crude Oil
A maritime boundary dispute between Ghana and Côte d’Ivoire that erupted this month casts doubt on future international oil claims near the contested area and raises questions about the reaction of foreign investors to the uncertainty.Read full article... Read full article...
Sunday, March 21, 2010
Euro, U.S. Dollar and Crude Oil: Oil is the Winner Hands Down / Commodities / Crude Oil
Euro saw 40% reduction in open interest as large speculators decided to take some of their profits off the table. What was surprising was the amount by which the open interest reduced wwhich was the largest in recorded history.
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Saturday, March 20, 2010
Crude Oil Futures Slip as Funds Increase Bet on Higher Prices / Commodities / Crude Oil
Crude oil futures kept falling back from highs even though speculative funds increased their bets that prices are headed higher. The benchmark West Texas Intermediate contract ended the week at $80.68 a barrel, after nearing $83 earlier in the week, compared to $81.24 a week ago.
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Tuesday, March 16, 2010
Damage Done By Nigeria's Contentious Oil Bill May Be Tough To Undo / Commodities / Crude Oil
Nigeria's controversial oil industry bill is expected to eventually pass but the government may find it tough to later shift gears as international oil firms targeted under the legislation scale back their investments.
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Tuesday, March 16, 2010
Crude Oil Current Technical Picture / Commodities / Crude Oil
The crude oil market came under pressure on Monday and I'm disappointed that I did not have this video out to you earlier. I created the video on Sunday along with the other three videos on the S&P 500, gold, and the euro that did make it to the blog.Read full article... Read full article...
Sunday, March 14, 2010
Are Crude Oil & Natural Gas about to Explode Higher? / Commodities / Crude Oil
Last weeks price action unfolded just as we expected. Money poured into stocks with the focus being on small cap, banks and technology stocks. The fact that these sectors are showing strength while utilities, health care and consumer staples lag is a good sign that investors are once again taking risks in the market.
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Saturday, March 13, 2010
The Giant Financial Risk You'll Never Hear About on Television / Commodities / Crude Oil
Matt Badiali writes: From 20 miles in the air, the Musandam Peninsula doesn't look like much.
Saturday, March 13, 2010
Crude Prices Stagnate Amid Doubts About Global Demand / Commodities / Crude Oil
Crude oil prices tread water for the week as uncertainty about demand continued to weigh on the market. Prices were down slightly on the week, with the benchmark West Texas Intermediate settling on Friday at $81.24 a barrel, compared with $81.50 a week ago.Read full article... Read full article...