Category: Crude Oil
The analysis published under this category are as follows.
Thursday, March 12, 2015
Consumers Winning With Low Oil Prices, For Now / Commodities / Crude Oil
By: OilPrice_Com
Lest we be too quick to forget whence we came, America is now 9-months into lower gasoline prices, which started their swoon the week of June 30, 2015 from a lofty national average just under $3.70, tumbling almost every subsequent week before bottoming and bouncing from $2.02 the end of January, according to gasbuddy.com.Read full article... Read full article...
Wednesday, March 11, 2015
Everyone Is Guessing When It Comes To Crude Oil Prices / Commodities / Crude Oil
By: OilPrice_Com
Predicting and diagnosing the trajectory of oil prices has become something of a cottage industry in the past year. But along with all of the excess crude flowing from the oil patch, there is also an abundance of market indicators that while important, tend to produce a lot of noise that makes any accurate estimate nearly impossible. Read full article... Read full article...
Thursday, March 05, 2015
U.S. Soaring Crude Oil Stocks - Cushing and Gulf Coast Storage Filling Up Fast / Commodities / Crude Oil
By: EconMatters
Cushing, Oklahoma
The weekly EIA Inventory report came out today regarding the state of the oil market from the supply side, and the numbers continue to paint a bearish picture of the oil market. For example, Cushing added another one and a half million barrels to storage this past week, that`s three million added over the last two weeks to storage facilities.
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Wednesday, March 04, 2015
How to Exploit Crude Oil's Current Low Price / Commodities / Crude Oil
By: Money_Morning
Peter Krauth writes: If you've been eyeing a new gas-guzzling SUV as your next vehicle, you may want to reconsider that Prius once more. That's because today's low gas prices won't be around forever and oil prices aren't about to "tank" any time soon.
In fact, the oil price crash has created a state of "contango," a market anomaly that savvy investors can exploit. It's presenting a rare market opportunity to profit that only comes around once every few years.
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Wednesday, March 04, 2015
Here's What Will Send Crude Oil Prices Back Up Again / Commodities / Crude Oil
By: OilPrice_Com
Oil's rapid decline since August of last year has been dramatic. To listen to some commentators you would also think it is unprecedented and irreversible. Those claiming that oil will continue to fall from here and remain low for evermore, however, are flying in the face of both history and common sense. The question we should be asking ourselves is not if oil prices will recover, but when they will. Read full article... Read full article...
Thursday, February 26, 2015
Scraping The Bottom Of The WTI Crude Oil Price Barrel In 2015 / Commodities / Crude Oil
By: Submissions
Anthony Alfidi writes: Energy sector investors are waiting for a bottom in oil prices. Industrial energy users are looking for a hard price to use as a benchmark for hedging their consumption. A generation's worth of history allows us to make an educated guess about where the bottom price of the 2015 oil market glut may appear.
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Wednesday, February 25, 2015
This Massive “Crunch” Means Higher Crude Oil Prices / Commodities / Crude Oil
By: Money_Morning
Dr. Kent Moors writes: As oil prices inch forward, there’s an inevitable consequence of lower prices building that will help them climb even higher.
It’s called the “reserve crunch.”
Faced with significantly lower oil prices, the replenishment of oil reserves is beginning to take a massive hit.
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Tuesday, February 24, 2015
The Easy Oil Is Gone So Where Do We Look Now? / Commodities / Crude Oil
By: OilPrice_Com
In 2008, Canadian economist Jeff Rubin stunned the oil market with a bold prediction: With the world economy growing at 5 percent a year, oil demand would grow with it, outpacing supply, thus lifting the oil price from $147 to over $200 a barrel. The former chief economist at CIBC World Markets was so convinced of his thesis, he wrote a book about it. "Why the World is About to Get a Whole Lot Smaller" forecast a sea change in the global economy, all driven by unsustainably high oil prices, where domestic manufacturing is reinvigorated at the expense of seaborne trade and people's choices become driven by the ever-increasing prices of fossil fuels.
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Tuesday, February 24, 2015
Is Crude Oil Price Returning To $100 Or Dropping To $10? / Commodities / Crude Oil
By: OilPrice_Com
If you have been following the price of oil over the last few months, the chances are you're a little confused. On the one hand you have the likes of A. Gary Shilling who, in this Bloomberg article, loudly trumpets the prospect of oil at $10/Barrel, and on the other there is T. Boone Pickens, who, at the end of last year was predicting a return to $100 within 12-18 months. Pickens prediction has moderated somewhat as WTI and Brent crude have continued to fall, but in January he was still saying that oil would return to $70 or $80/barrel in the near future. So, who is correct?
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Thursday, February 19, 2015
What This "Ice Level" Means to Future Oil Prices / Commodities / Crude Oil
By: Money_Morning
D.R. Barton writes: You'd have to be living under a rock (and one without Internet access at that) to have missed the oil price swoon that has taken place since June.
Even after a recent bounce back from an under-$50 per barrel low, and a trough-to-peak rebound of 24% since the end of January, the technical picture does not indicate smooth sailing upward from here.
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Thursday, February 19, 2015
Why Crude Oil Prices Must Go Up / Commodities / Crude Oil
By: OilPrice_Com
It may be difficult to look beyond the current pricing environment for oil, but the depletion of low-cost reserves and the increasing inability to find major new discoveries ensures a future of expensive oil.
While analyzing the short-term trajectory of oil prices is certainly important, it obscures the fact that over the long-term, oil exploration companies may struggle to bring new sources of supply online. Ed Crooks over at the FT persuasively summarizes the predicament. Crooks says that 2014 is shaping up to be the worst year in the last six decades in terms of new oil discoveries (based on preliminary data).
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Thursday, February 19, 2015
Crude Oil Price Double Top or Further Rally? / Commodities / Crude Oil
By: Nadia_Simmons
Trading position (short-term; our opinion): No positions are justified from the risk/reward perspective.
Although crude oil moved lower after the market's open weakened by concerns over the situation in Ukraine and Greece, the commodity rebounded as weaker U.S. dollar supported the price. As a result, light crude gained 1.08% and climbed above an important resistance, but is it as bullish as it seems at the first sight?
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Monday, February 16, 2015
What the Bearish Analysts Missed About Crude Oil Prices / Commodities / Crude Oil
By: Money_Morning
Dr. Kent Moors writes: Pundits continue to wrongly predict more pain in oil markets.
Citigroup analyst Ed Morse just came out with his most bearish forecast yet, claiming oil prices could fall to $20 a barrel. As for the recent rebound, Morse thinks it looks more like a "head-fake" than a sustainable turning point.
The market, of course, has ignored these concerns, as crude oil prices continue to climb.
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Saturday, February 14, 2015
As Oil Prices Climb, Here’s How to Play the Rebound in Energy / Commodities / Crude Oil
By: Money_Morning
Dr. Kent Moors writes: As I write this, crude oil prices continue to advance. Brent is over $61 a barrel, while West Texas Intermediate (WTI) is pushing $53.
Both are higher than at any time since before Christmas.
Absent any major geopolitical tension, beyond the levels we’re already seeing, oil prices should begin to level off.
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Friday, February 13, 2015
Low Crude Oil Prices Are an Act of Economic Warfare / Commodities / Crude Oil
By: The_Energy_Report
This is a wonderful time to have cash and be in the oil business, according to Bob Moriarty of 321energy.com. That's because savvy juniors can go shopping for assets being sold as "uneconomic" when oil is $40–50/barrel. But the low price won't last, he tells The Energy Report, predicting much higher oil within the year. And while that increase will cause oil stocks to rise in tandem, Moriarty reminds investors that it still pays to be selective.
The Energy Report: Bob, in January you published an article saying that the drop in oil prices could be the "straw that pops the $7-trillion derivative bubble." Can you explain the influence of oil prices on derivatives?
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Wednesday, February 11, 2015
Citi Sees $20 Crude Oil Prices - Here’s Why They’re Wrong / Commodities / Crude Oil
By: Money_Morning
Dr. Kent Moors writes: Despite a 20% jump in oil prices, some pundits continue to predict more pain.
In fact, just yesterday, Citigroup analyst Ed Morse came out with his most bearish forecast yet.
According to Morse, oil prices could fall another 60% to $20 a barrel. As for the recent rebound, Morse thinks it looks more like a “head-fake” than a sustainable turning point.
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Tuesday, February 10, 2015
Oil's Survival Of The Fittest / Commodities / Crude Oil
By: OilPrice_Com
With crude oil prices collapsing and small American oil producers faced with grim choices for survival, the Darwinian nature of commodity market cycles rears its head, dictating that only the fittest will survive -- and only the fittest of the fittest will thrive. As the herd of small companies that formed the backbone of the shale boom is culled, there emerges a new focus on junior players who are sitting on prime prospects where oil can be produced at $20 per barrel or lower and still turn a healthy profit at today's prices hovering around $45 - $52 range. The biggest winners will be those investors who are stepping into the market right now, investing in conventional oil stories.
Monday, February 09, 2015
Crude Oil Price Capitulation Phase / Commodities / Crude Oil
By: Bob_Loukas
After a long and relentless decline, the Crude market has finally enabled us to anchor its Cycles. Up until 2 weeks ago, Crude was locked in a clear crash Cycle, which made it impossible to expect anything other than a continuation of the crash. But now that Crude has reversed with a 20% rally, its moves are clearly the start of a new intermediate term Cycle.
Sunday, February 08, 2015
Has Crude Oil Price Finally Bottomed? / Commodities / Crude Oil
By: Toby_Connor
Has oil finally bottomed? I think yes… well at least temporarily. Let me explain.
The main culprit driving the CRB and oil down over the last 7 months has been the powerful surge in the dollar.
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Tuesday, February 03, 2015
Why Crude Oil Price Is Headed to $200 a Barrel / Commodities / Crude Oil
By: Investment_U
David Fessler writes: Editorial Note: As promised last week, here is David Fessler’s rebuttal to Sean Brodrick’s piece, “3 Reasons Why Crude Will Stay Under $50 Through 2015.” If you read the title of today’s article, you might think Dave and Sean have vastly differing opinions on the direction oil is heading. But to the contrary, both agree prices will move higher... the only question is, when? To help confirm his assertions, Dave reached out to an oil industry connection who served as president of one of the largest producers in the world.