Category: Crude Oil
The analysis published under this category are as follows.Saturday, September 26, 2015
The Two Real Reasons Crude Oil Prices Are Currently Slipping / Commodities / Crude Oil
Each week, the report tells us what the crude oil and oil product markets looked like as of the previous Friday. It is usually the yardstick by which analysts appraise everything from oil supply through refinery utilization to the markets for processed products such as gasoline, diesel fuel, and low sulfur content heating oil.
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Monday, September 21, 2015
What the Fed's Interest Rate "Hold" Means for Crude Oil Prices / Commodities / Crude Oil
MoneyMorning.com Dr. Kent Moors writes: The nine years of historically low interest rates will continue in the wake of Fed Chairwoman Janet Yellen's decision to not hike rates – to not yet remove the proverbial punchbowl from the easy-money party.
It was a classic "50-50" proposition; it didn't seem likely the Fed would move to roil global markets, but given the perceived strength of the labor market, a hike wasn't out of the question.
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Saturday, September 19, 2015
This Is What Needs To Happen For Crude Oil Prices To Stabilize / Commodities / Crude Oil
On September 10th the EIA reported a production decline in the Lower 48 -- essentially shale production -- of 208,000 BOPD. That is a staggeringly enormous number, approximately 10 percent of the estimated global over-supply. Additionally, it was a week-over-week number which makes it all the more impressive. Yet it received little attention through the week. Rather, Goldman Sachs was grabbing all the headlines with its $20 call on oil.
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Friday, September 18, 2015
Crude Oil Price Rises 29% in One Week... Here's What It Means / Commodities / Crude Oil
Thursday, September 17, 2015
What Today’s Fed Decision Means for Crude Oil Prices / Commodities / Crude Oil
MoneyMorning.com Dr. Kent Moors writes: After nine years of historically low interest rates, the Fed is finally getting ready to remove the proverbial punchbowl from the easy-money party.
As it stands, Yellen & Company are only contemplating a mere 25 basis rate hike and even that now seems unlikely.
According to the CME Group’s FedWatch tool, the Fed Funds futures contracts are pricing in a below 25% chance of a rate hike later this afternoon.
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Tuesday, September 15, 2015
Crude Oil Price Forecast 2015 and 2016 / News_Letter / Crude Oil
The Market Oracle Newsletter Sept 1st, 2015Issue # 16 Vol. 9
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Thursday, September 10, 2015
How Politics Make for Strange “Oil Fellows” / Commodities / Crude Oil
MoneyMorning.com Dr. Kent Moors writes: I have decided to write a long prelude today to a discussion that will conclude in the next edition of Oil & Energy Investor. There is something quite significant afoot. But in the process of describing what is happening now, I need to travel back, first personally some several decades, and then over a century earlier in literature.
When you read this I happen to be in Europe on one of those new high-speed trains. The conveyance may be a recent change, but the terrain whisking by my window is only too well remembered from an earlier life. This had at one time been a quite personal stage for some very high-risk objectives.
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Tuesday, September 08, 2015
The Default Next Move For Crude Oil Price Is Downwards, And Here's Why / Commodities / Crude Oil
As traders, investors and pundits, we all like to think that what we do is akin to a science. We believe that by working harder and being smarter we can give ourselves an edge, that enough research will reveal to us the next move, either a long term trend or an intraday blip on a chart, and that we can profit from that knowledge. Usually, especially over longer time spans, we are correct in that assumption. Sometimes, however, no amount of fundamental or technical analysis will help.Read full article... Read full article...
Saturday, September 05, 2015
Oil Stocks - Interim or Major Reversal? / Commodities / Crude Oil
In the second half of August, Chinese equities have been under heavy selling pressure as a fear over China's slowing economy and worries that Beijing may allow the Yuan to continue to depreciate have weighed on investors' sentiment. Moreover, disappointing economic data fuelled that fears, which resulted in a sharp decline on China's stock market. In less than two weeks, the Shanghai Composite declined from (almost) 4,000 below the next psychologically important barrier of 3,000, hitting fresh 2015 lows.
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Thursday, September 03, 2015
Crude Oil Price Sinking or Rebounding? / Commodities / Crude Oil
Trading position (short-term; our opinion): No speculative positions are justified from the risk/reward perspective.
On Tuesday, crude oil reversed and declined sharply as weak Chinese data weighed on investors' sentiment. As a result, the commodity approached support levels, but will they encourage oil bulls to act in the coming days?
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Thursday, September 03, 2015
How OPEC’s Attempt to Save Face Affects the Crude Oil Market / Commodities / Crude Oil
Well, that somebody is OPEC, and there is much more behind this development, leading to today’s discussion.
In its monthly report released on Monday, OPEC indicated it is now willing to discuss production levels with other non-OPEC countries. This is the first indication that the low crude oil price environment has been creating serious problems inside the cartel.
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Thursday, September 03, 2015
Crude Oil Price Forecast 2015 and 2016 - Video / Commodities / Crude Oil
The crude oil price has relentlessly trended lower all year to an unimaginably low price low of $37 of just a few days ago, falling from $100 a year ago. The severe bear market has not only caught many market commentators off guard but has had a devastating impact on several major economies that are heavily reliant on high oil prices such as Russia, the gulf states, and other emerging markets reliant on their energy sector tax revenues to finance state spending and of course Britain's very own Scotland that a year ago was toying with idea of committing social and economic suicide (independence referendum).
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Tuesday, September 01, 2015
OPEC Divorce And Self-Destruction Thanks To Saudi Crude Oil Strategy? / Commodities / Crude Oil
"If you are the world's leading energy economy, you produce energy, that's what you do."
"A government can stay irrational longer than it can stay solvent."
"Even in the short term, you're dead, if you commit suicide."
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Tuesday, September 01, 2015
Is Crude Oil Price Bouncing Into Recovery? / Commodities / Crude Oil
The global economy has $57 trillion more debt now than it did at the last bubble peak in 2008. The energy sector alone has $248 billion in junk bond debt – some of the riskiest debt there is!Entire industries have been built upon this credit-fueled bubble, driven by the easy-money policies of central banks around the world.
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Tuesday, September 01, 2015
Crude Oil Price Forecast 2015 and 2016 / Commodities / Crude Oil
The crude oil price has relentlessly trended lower all year to an unimaginably low price low of $37 of just a few days ago, falling from $100 a year ago. The severe bear market has not only caught many market commentators off guard but has had a devastating impact on several major economies that are heavily reliant on high oil prices such as Russia, the gulf states, and other emerging markets reliant on their energy sector tax revenues to finance state spending and of course Britain's very own Scotland that a year ago was toying with idea of committing social and economic suicide (independence referendum).
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Thursday, August 27, 2015
Crude Oil Price One-day Rebound or Something More? / Commodities / Crude Oil
Trading position (short-term; our opinion): Short positions with a stop-loss order at $45.32 and profit-take order at $35.72 are justified from the risk/reward perspective.
On Tuesday, crude oil gained 4.15% after China's central bank cut interest rates. Thanks to this news, light crude reversed and invalidated Monday’s breakdown under the support line. Despite this move, the commodity still remains under the barrier of $40. Will it stop further improvement in the coming days?
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Wednesday, August 26, 2015
Here’s What Happens When Crude Oil Geo-Policy and Market Reality Collide / Commodities / Crude Oil
MoneyMorning.com Dr. Kent Moors writes: Over 220 years ago, a Scottish writer by the name of Thomas Carlyle provided a personal account of what Paris was like during the French Revolution. The three-volume work (which at one point I suggested in an academic article was two volumes longer than necessary) is full of personal anecdotes. One of them is particularly relevant these days.
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Tuesday, August 25, 2015
Saudis Could Face An Open Revolt At Next OPEC Oil Meeting / Commodities / Crude Oil
OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia’s role of guarantor of $100+/bbl oil.
Despite the intense financial and economic pain this decision has inflicted on Saudi Arabia, its fellow OPEC members, and other oil producers, the Saudis have given no indication they plan to alter course. In fact, Saudis have downplayed the impact of lower prices on their country, asserting that the kingdom has the financial wherewithal to withstand lower oil prices.
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Wednesday, August 19, 2015
Crude Oil Energy Markets and Jobs Disintegrating / Commodities / Crude Oil
The US Energy Information Administration released their weekly data this morning as usual. The reaction to the data from crude oil was anything but the usual. Most everyone in the industry was looking for a draw in crude oil stockpiles especially after yesterday afternoon’s API data showed a reduction in supplies.
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Wednesday, August 19, 2015
Crude Oil Price Time for Reversal? / Commodities / Crude Oil
Trading position (short-term; our opinion): No positions are justified from the risk/reward perspective.
On Tuesday, crude oil gained 1.17% as hopes that crude oil inventories could decline for a third consecutive week weighed on investors' sentiment. Thanks to these circumstances, light crude bounced off its key support line, but will we see the commodity above $43 in near future?
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