Category: Crude Oil
The analysis published under this category are as follows.
Thursday, July 09, 2009
Technical Sector Timing for Crude Oil and Natural Gas / Commodities / Crude Oil
By: Chris_Vermeulen
The broad market including commodities is under some serious selling pressure as traders and investors panic to exit positions. Today small caps stocks and commodities took the majority of the beating. Although the market looks bearish at this point, I do think there is a very good chance of a bounce Thursday and Friday, but I figure we will see selling into the close on Friday as traders stay in cash over the weekend.
Wednesday, July 08, 2009
Crude Oil Forecast Summer 2009 / Commodities / Crude Oil
By: Nadeem_Walayat
This is a quick update to the analysis of December 2008 that projected an uptrend in the Crude Oil price into mid 2009 targeting $75, to be followed by a downtrend back below $50 towards $40 as illustrated by the original graph.
Tuesday, July 07, 2009
$20 Crude Oil Is On The Table Again: Can Obama Pull The Israeli Rabbit Trick? / Commodities / Crude Oil
By: Andrew_Butter
The bears are out again and there is talk of $20 oil; the logic is:
- All the oil stored up in super-tankers will flood the market.
- World GDP growth is low and perhaps getting lower or at least not likely to rocket any time in the immediate future.
Monday, July 06, 2009
Crude Oil Points Lower / Commodities / Crude Oil
By: Mike_Paulenoff
Now that oil prices have broken key support at $66.00/20 and have followed-through to $63.50 so far, let’s notice that today’s low represents a test of the rising 50-day moving average, which so far has contained the selling pressure. However, let’s also notice that my daily RSI momentum gauge remains pointed sharply lower, which is a warning signal that we should expect oil prices to break the 50 DMA and press lower towards $62.00 and possibly $60.00 thereafter.
Friday, July 03, 2009
Like the Crude Oil Spike Never Happened / Commodities / Crude Oil
By: Adrian_Ash
Pricing crude oil out of the Dollar this Fourth of July...
SO THIS WEEK'S spike in the price of Brent crude oil to $73.50 was due to a "rogue trader".
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Friday, July 03, 2009
What’s Happening in Crude Oil? / Commodities / Crude Oil
By: Seven_Days_Ahead
The Macro Trader’s view:
The rally in oil from the beginning of the year always looked to us to be driven by speculation rather than fundamentals. In an environment where the global economy was still struggling to emerge from recession and supply was still plentiful, a rally of around $25 a barrel in two months seemed excessive.
Monday, June 29, 2009
Crude Oil and Natural Gas Trading / Commodities / Crude Oil
By: Q1_Publishing
It’s a tough time to be an investor.
Earlier this week, Warren Buffett repeated his warning “the economy would be in shambles.”
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Saturday, June 27, 2009
Haynesville Shale Creates Opportunities in the Energy Sector / Commodities / Crude Oil
By: Joseph_Dancy
Last month investment advisor Marc Faber in a Bloomberg interview noted that “natural gas is the most undervalued commodity in the world right now.” He also said he was a believer in ‘peak oil’ to the extent we have developed most of the cheap and easily recoverable high quality reserves globally, but that the world would move onto other sources of energy as economics dictates. Faber sees energy prices rising over time and also much higher inflation in the U.S. — which will be good for commodities and for small cap stocks.
Thursday, June 25, 2009
Crude Oil Bears Lower the Tone / Commodities / Crude Oil
By: Seven_Days_Ahead
We have been bullish in Crude Oil for some time now, but recently started to look closer for evidence of a temporary pullback phase – particularly after the market had reached a certain Fibonacci projection level. This correction is probably now underway.
Wednesday, June 24, 2009
What’s Up With Crude Oil / Commodities / Crude Oil
By: Hans_Wagner
The price of oil has climbed despite the lack of demand and a glut of surplus crude. Benchmark crude closed near its highest level in eight months on Friday June 19, 2009 reaching $69.50 on the New York Mercantile Exchange. Gasoline has risen with the price of oil reaching a national average of $2.63 per gallon. Higher oil prices are another factor affecting the economy’s ability to recover. What is fueling this price increase and is it sustainable?
Sunday, June 21, 2009
U.S. Congress Proposes Seling Crude Oil Reserves To Halt Price Increases / Commodities / Crude Oil
By: Mike_Shedlock
Inquiring minds are investigating legislation that would sell US oil reserves in an attempt to bring down the price of gasoline. Can such a scheme possibly work?
Wednesday, June 17, 2009
Ankara Moscow and Washington in the Eurasian Crude Oil Pipeline Calculus / Politics / Crude Oil
By: F_William_Engdahl
Calculus has two main variants—derivative and integral. The Eurasian energy pipeline geopolitics between Turkey Washington and Moscow today has elements of both. It is highly derivative in that the major actors across Central Asia from China, Russia to Turkey are very engaged in a derived power game which has less to do with any specific state and more to do with maintaining Superpower hegemony for Washington. Integral as the de facto motion of various pipeline projects now underway or in discussion across Eurasia hold the potential to integrate the economic space of Eurasia in a way that poses a fundamental challenge to Washington’s projection of Full Spectrum Dominance over the greatest land mass on earth.
Tuesday, June 16, 2009
Crude Oil and Islam, Will America Shift Away from Its Past Unilateralist Policies? / Politics / Crude Oil
By: Global_Research
Prof. Peter Dale Scott writes: In his remarkable speech at Cairo University on June 4, President Obama promised “a new beginning.” In the words of the Israeli commentator Uri Avnery, the speech offered “the map of a new world, a different world, whose values and laws he spelled out in simple and clear language -- a mixture of idealism and practical politics, vision and pragmatism.”1
Monday, June 15, 2009
It's Official, The Era of Cheap Crude Oil Is Over / Commodities / Crude Oil
By: Global_Research
Michael T. Klare writes: Buckle your seatbelt, you may be going nowhere -- and it could be a very bumpy ride. Oil futures have just passed $71 for a barrel of "light, sweet crude oil" (sweet for energy stocks, anyway) on its way to... well, we don't know exactly where, but it won't feel good, not at the pump and not in the economy either. In the Midwest and scattered other locations, gas prices are already at the edge of $3.00 a gallon and the height of summer isn't even upon us.
Friday, June 12, 2009
Crude Oil - The New World Currency / Commodities / Crude Oil
By: INO
Investors continued to abandon fiat currencies in favour of the worlds main commodity based currency, crude oil that continues its strong rally against all fiat currencies.
Sunday, June 07, 2009
U.S. Interest in Caspian Sea Oil to Bring More Trouble for Russia / Politics / Crude Oil
By: Pravda
Oil and natural gas of the Caspian states seems to be of strategic significance for the West, Richard Morningstar, the US special envoy for Eurasian energy issues said. Why does the US administration show so much interest in the Caspian Sea region? Does it mean that US army bases will soon be deployed there?
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Saturday, June 06, 2009
Crude Oil Imminent Trend Reversal / Commodities / Crude Oil
By: Clive_Maund
Oil has staged the relief rally predicted in the last Oil Market update posted early in March. Our original target was the $70 - $80 area, but due to the time it has taken to get to the current level, the target is now lowered to the current level or a shade higher. The reason for this is that the slower rate of ascent than expected has allowed the 200-day moving average to drop down further, so that it is now in the low $60`s and still dropping quite steeply and it is rare for the price of anything to push far past a falling 200-day moving average before it reacts back again.
Thursday, June 04, 2009
Crude Oil Prices Supported by Emerging Markets Demand / Commodities / Crude Oil
By: Pravda
Another considerable fall in prices on oil will most likely not happen, Russia’s Minister for Economic Development Elvira Nabiullina said. The current rise of oil prices is based on speculative factors, but the demand on energy carriers will be determined with the needs of the growing economies of the developing countries, the minister said in an interview with The Vedomosti newspaper.
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Sunday, May 31, 2009
Saudi's Say Crude Oil $75 is Fair: Parasite Economics Explained / Commodities / Crude Oil
By: Andrew_Butter
There is a rumor that demand for oil is a function of GDP, therefore when the world economy recovers, demand will go up, so divide that by supply and you get to price.There is only one small little thing wrong with that theory; historically it doesn't work very well.
Rather the other way around, sort of like a 300% increase in price might cause a 5% decrease in demand with a four or five year lag and a 60% decrease in price might give a 10% increase in demand with a four or five year lag.
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Thursday, May 28, 2009
Crude Oil and AMEX Oil Index Analysis and Forecast Trends / Commodities / Crude Oil
By: David_Petch
The daily chart of oil is shown below, with upper Bollinger bands riding the index, while the lower 21 MA BB is just starting to rise after a shallow decline. Based upon positioning of the lower 21 MA BB, there could be another 1-2 weeks of topping in the price of oil before a short-term top is put in place. Full stochastics 1, 2 and 3 are shown below in order of descent, with the %K above the %D in all three instances. Stochastics 1 and 2 appear to be topping out in an oversold state, with the potential to grind sideways for another 2-3 weeks. I should note though that a sudden reversal in the USD once it bottoms will end the run up in oil…not in yet but expect it to happen within the next month.