Category: Crude Oil
The analysis published under this category are as follows.
Friday, January 02, 2009
The Ghost of Crude Oil Futures (Part 2) / Commodities / Crude Oil
By: Oxbury_Research
Happy New Year. Welcome is the psychological reset of the scorecard to our portfolios. Most investors are eager to pretend that the new year will begin with a clean slate, with fresh money and no losses glaring at them from half-opened portfolio statements. Read full article... Read full article...
Wednesday, December 31, 2008
How to Invest in Crude Oil 2009 / Commodities / Crude Oil
By: Richard_Shaw
Oil as a commodity is an interesting real asset. What investments most directly create the economic effect of owning oil itself?
The best answer would be to own an oil well, or better yet, own an entire oil exporting country. However, neither of those options is a practical answer for most investors, certainly not owning a country (unless, of course you are born into the right family).
Read full article... Read full article...
Monday, December 29, 2008
USO Crude Oil ETF Gives Back Gains / Commodities / Crude Oil
By: Mike_Paulenoff
Forces of Deflation Remain Strong as Oil Gives Back Gains - Wow, the US Oil Fund ETF (NYSE: USO) gave back all its gains from earlier this morning, which means the USO declined nearly 7% since its pre-opening up-gap. What this tells us (perhaps) is that Mid-East hostilities and saber rattling or not, it is unlikely that the crude oil complex will put in a "V" bottom.Read full article... Read full article...
Monday, December 29, 2008
Crude Oil 2009 Golden Opportunity for Investors / Commodities / Crude Oil
By: Money_Morning
Jason Simpkins writes: Oil prices have fallen 70% since hitting a record $147.27 a barrel in July, which means in just five months, crude has given up all the price gains it made in the past four years.
After such a wrenching plunge, many analysts believe the outlook for the “black gold” remains bleak – and in the short term it certainly is. In the long run, however, dwindling supplies, resurgent demand, and a lack of investment will cause crude oil to double, triple, or even quintuple in price over the next few years.
Read full article... Read full article...
Friday, December 26, 2008
The Ghost of Crude Oil Futures (Part 1) / Commodities / Crude Oil
By: Oxbury_Research
John Whitehall writes: Most people have heard the phrase, “it takes a big man to admit when he's wrong”.
Well, I'm about 5'9”, and I don't believe that people should be exalted when they do something that they're supposed to do. It doesn't make you a big man, it makes you honest. You're supposed to be honest.
Read full article... Read full article...
Tuesday, December 23, 2008
Will Lower Gold Impede Crude Oil's Turnaround? / Commodities / Crude Oil
By: Mike_Paulenoff
One of our subscribers asked today that if we think the US Oil Fund ETF (NYSE: USO) is going higher, then wouldn't that be bullish for gold, if only temporarily? And vice-versa: If the SPDR Gold Shares (NYSE: GLD) is headed lower, as we are seeing (today), would not that take the USO down also? Read full article... Read full article...
Monday, December 22, 2008
IEA Study: Global Energy Supplies Remain a Concern / Commodities / Crude Oil
By: Joseph_Dancy
The International Energy Agency (IEA) published a study last month that repeated their warning that excessively low energy prices will discourage investment in exploration and production in light of the steadily rising costs of extracting and processing oil from increasingly difficult places. The lack of sufficient investment has serious implications for future energy supplies once the global economy recovers from its current descent according to the IEA. Read full article... Read full article...
Monday, December 22, 2008
Crude Oil Price Deflation Most Oversold Since the Great Depression / Commodities / Crude Oil
By: Captain_Hook
Most financial commentators, even the well-known and respected ones, just don't get it. They don't understand what's happening in macro-conditions because they fail to accept the understanding that sentiment, as measured by speculator betting practices in the various options markets populating the landscape, is the single most important driver of prices in our mature fiat currency based financial markets. What this means is no matter how much money and bailouts our bureaucracy sponsors, until the collect mind changes, as measured by rising open interest put / call ratios on the major US indexes, meaning the speculators are becoming more pessimistic, in general, prices will keep falling. Of course this can change, and corrections (higher at present) will occur, however if you are waiting for unbridled monetary and fiscal largesse to result in hyperinflation with declining numbers of bearish equity market speculators to squeeze, you are likely in for a disappointment. Read full article... Read full article...
Thursday, December 18, 2008
Crude Oil Bounces, But... / Commodities / Crude Oil
By: Mike_Paulenoff
After making all-time new lows right at 33.00, the US Oil Fund ETF (NYSE: USO) has bounced to the 33.60/80 area so far…but needs to challenge and hurdle 34.25 to begin to get any real traction on the upside -- for continuation towards my optimal next recovery target at 35.70-36.20.Read full article... Read full article...
Tuesday, December 16, 2008
Crude Oil Forecast 2009 and Geopolitical Implications / Commodities / Crude Oil
By: STRATFOR
Oil prices have now dipped — albeit only briefly — below US$40 a barrel, a precipitous plunge from their highs of more than US$147 a barrel in July. Just as high oil prices reworked the international economic order, low oil prices are now doing the same. Such a sudden onset of low prices impacts the international system just as severely as recent record highs.Read full article... Read full article...
Monday, December 15, 2008
What Next After Crude Oil's Intraday Plunge? / Commodities / Crude Oil
By: Mike_Paulenoff
The US Oil Trust ETF (NYSE: USO) has plunged over 6% from its early morning rally peak, which is not a surprise from a volatility perspective, but it is a surprise to me IF I thought that a more bullish pattern was under development. In other words, the plunge in the USO has taken back too much of its prior rally to be considered the start of a new bull move. Read full article... Read full article...
Friday, December 12, 2008
U.S. Oil Funds Bullish Structure Quashed / Commodities / Crude Oil
By: Mike_Paulenoff
For the upmove off of Wednesday's upside pivot reversal (34.07) into Thursday's high (39.82) to be considered bullish, I needed to see the US Oil Fund ETF (NYSE: USO) weakness hold at or above 38.00, which was the case yesterday afternoon. However, this morning's gap down open and plunge beneath 35.78 has quashed the potentially bullish pattern structure into something considerably less constructive -- and possibly has initiated a new downleg within the still dominant bear trend. Read full article... Read full article...
Thursday, December 11, 2008
Crude Oil Forecast 2009- Time to Buy? / News_Letter / Crude Oil
By: NewsLetter
December 8th , 2008 Issue #42 Vol. 2No one could have imagined a little over 4 months ago with crude oil trading at $147, that crude oil would have crashed by 70% and be threatening to break below $40 so soon. Therefore this analysis seeks to to evaluate the prospects for crude oils future trend over the next 12months in determining whether crude oil today is a good buy or not.
Read full article... Read full article...
Wednesday, December 10, 2008
Crude Oil Price Carnage Faces Supply Troubles / Commodities / Crude Oil
By: Money_and_Markets
Sean Brodrick writes: As you read this, I'm on my way to check out a new gold project in Mexico that I hope to tell you about in an upcoming Money and Markets column.
But I couldn't skip the chance to go into the extraordinary events we saw in the oil markets last week, as crude suffered its biggest weekly drop since the Persian Gulf War in 1991. Here's the scoop …
Read full article... Read full article...
Monday, December 08, 2008
Crude Oil Forecast 2009- Time to Buy? / Commodities / Crude Oil
By: Nadeem_Walayat
No one could have imagined a little over 4 months ago with crude oil trading at $147, that crude oil would have crashed by 70% and be threatening to break below $40 so soon. Therefore this analysis seeks to to evaluate the prospects for crude oils future trend over the next 12months in determining whether crude oil today is a good buy or not.Read full article... Read full article...
Friday, December 05, 2008
Crude Oil Closing in on $40 / Commodities / Crude Oil
By: Mike_Paulenoff
Oil is closing in on $40.00 and perhaps on the way to $37.50 amidst an increasingly acute oversold condition. The trendline created by connecting the two major rally peaks between September 2000 ($37.89) and February 2003 ($39.99) cuts across the price axis at 46.00-43.50.Read full article... Read full article...
Wednesday, November 12, 2008
Crude Oil Heading to Below $50 / Commodities / Crude Oil
By: Donald_W_Dony
As crude oil continuously declines, it reinforces what mid-term economic models have suggested for several months; that oil prices should remain in a downtrend until the end of the business cycle in 2010. Global economic activity, coupled with supply considerations and U.S. dollar movements are the overwhelming forces behind commodity price adjustments. Read full article... Read full article...
Wednesday, November 12, 2008
Crude Oil Heading Into Severe Oversold Territory / Commodities / Crude Oil
By: Mike_Paulenoff
Yesterday's break in crude oil and downside follow-through from the 7-year trendline at $61.60 to new bear-market lows at $56.35 has accelerated into a new downleg that is pointed right for a test of the Jan 2007 low of $49.90 next. Such a decline represents another 12% on the downside, which should press weekly oil into relatively severe oversold territory for oil and its related US Oil Fund ETF (AMEX: USO). Only a rally that sustains above $62.00 will begin to repair the technical damage inflicted during the past few sessions.Read full article... Read full article...
Monday, November 10, 2008
Obama Faces Hard Political Decisions on Oil Depletion / Politics / Crude Oil
By: Ronald_R_Cooke
Washington insiders are well aware of oil depletion. It has been the subject of at least four reports funded by the United States Government, more than a dozen books, and multiple independent reports. Congress has taken testimony. Key figures in Washington have made speeches. Although there are some differences in the details, they are trivial in comparison with the broader perspective.Read full article... Read full article...
Friday, November 07, 2008
Crude Oil Crashes to New Lows, Where is the Bottom? / Commodities / Crude Oil
By: INO
I'm sure as a trader you've heard the expression, the "trend is your friend." That was never more true than today as crude oil (NYMEX_CL) crashed to new lows and the stock market resumed its downward trend. Read full article... Read full article...