Category: Crude Oil
The analysis published under this category are as follows.
Thursday, April 12, 2012
Why High Oil Prices Even at $200 Won't Cause a Recession / Commodities / Crude Oil
By: Money_Morning
Martin Hutchinson writes:
Last Friday's weak unemployment numbers, with only 120,000 jobs created, brought renewed wails that high oil prices were causing a recession.
Having heard this refrain so many times, I thought I'd dig a little deeper.
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Thursday, April 12, 2012
Crude Oil and Natural Gas Ratio Explodes to 52:1 / Commodities / Crude Oil
By: EconMatters
The ink on our last article is barely dry when its dire prediction actually came true 48 hours later--natural gas price dropping below $2, a level not seen in over a decade. Henry Hub natural gas front month futures declined to $1.982 per 1,000 cubic feet (mcf) on Wed. April 11, its lowest level since January 28, 2002, when the price hit $1.91. Meanwhile, WTI crude oil rose by $1.68 to finish at $102.70 per barrel; Brent rude increased by 30 cents to finish at $120.18.
Wednesday, April 11, 2012
The Keystone Oil Pipeline Fallout: Canada Makes Over a Billion New Friends / Commodities / Crude Oil
By: Money_Morning
James Baldwin writes: "If you do not change direction, you may end up where you are heading." Lao Tzu
You can forget about energy independence for now.
Without Canadian oil it is nothing but the latest American pipe dream.
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Wednesday, April 04, 2012
Crude Oil Under Pressure / Commodities / Crude Oil
By: Mike_Paulenoff
Let's notice that today's swoon in nearby NYMEX crude oil has pressed to a new corrective low at 101.49 off its March 1 high at $110.55. It just so happens that this morning's new low for the move has not been confirmed by my 4-hour RSI momentum gauge, which is our first warning signal that the selling pressure might be drying up for oil and the U.S. Oil Fund ETF (USO).
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Sunday, April 01, 2012
Peak Oil Evasion Tactics Scraping The Barrel / Commodities / Crude Oil
By: Andrew_McKillop
Probably well-intentioned but always ineffective oil saving plans, schemes and notions are reaching the limit of their low effectiveness, a rising number of indicators suggest. In a week where newswires tell the story of French election-oriented attempts by the outgoing Sarkozy government to persuade the IEA's main powerbrokers to release oil stocks, and shave a few cents off the price of car fuel in time for Sarkozy's re-election bid, this is schizophrenically opposed by the same French government. It is pressurizing other EU governments to further tighten their oil embargoes on Iran.
Thursday, March 29, 2012
The Truth About $6 Gas, $200 Crude Oil, the Quest for Energy Independence / Commodities / Crude Oil
By: Money_Morning
Jason Simpkins writes:
No one needs to tell the average American about the impact of oil and gas prices. If they don't feel it in their wallets every day, they hear about it on the news every night.
But surprisingly, amid all the rhetoric, there have been no real answers to some of the key questions driving the energy debate... until now.
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Thursday, March 29, 2012
Crude Oil Prices: Now for Something Really Scary / Commodities / Crude Oil
By: Andrew_Butter
If oil prices don’t crash down to $67 within the next two months, that means for sure the evil one-eyed-drooling-spirit of Peak Oil, which everyone has been studiously trying to ignore for so long, has finally arrived.
Thursday, March 29, 2012
Eye on Crude Oil and Natural Gas / Commodities / Crude Oil
By: Mike_Paulenoff
Downward momentum may be becoming exhausted in natural gas and its related ETFS -- US Natural Gas Fund (UNG) and ProShares Ultra DJ UBS Natural Gas ETF (BOIL).
Meanwhile, oil prices and the US Oil Fund ETF (USO) have sold off hard but not enough to damage the overall bullish chart pattern.
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Wednesday, March 28, 2012
Solving The Global Energy Equation: Demand-Supply-Infrastructure / Commodities / Crude Oil
By: Andrew_McKillop
Little remarked by most analysts of the OECD-wide financial and debt rout in 2008-2011, world energy demand rebounded fast from its sharp plunge in 2008-2009. For the year 2010 the BP Statistical Review of 2011 painted a dramatic rebound story. World energy demand jumped by 5.6% led by coal demand growing over 7%, gas demand growing almost as much, and oil consumption by 3.1% as China moved to become the world's biggest single energy using nation. With no surprise, oil prices rose by 29% on average in 2010 from the year previous.
Wednesday, March 28, 2012
Not Even Saudi Arabia Can Save Us From High Crude Oil Prices / Commodities / Crude Oil
By: Money_Morning
Jason Simpkins writes:
With oil prices soaring ever higher, Saudi Arabia stepped in last week and vowed to increase its production by 25% if necessary.
But while that assurance managed to siphon a few dollars off of oil futures, the reality is there's nothing Saudi Arabia - or anyone else, for that matter - can do about rising oil prices.
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Thursday, March 22, 2012
Crude Oil Prices And The 'Peak Oil' Environment / Commodities / Crude Oil
By: Andrew_McKillop
Peak Oil can be defined at least 4 ways but one way is simple: Peak Oil is when supplies and stocks are tight enough, relative to demand, to make price slides short and price hikes long, until and unless the economy tilts into recession or by policy decision in response to a dysfunctional and parasitic bank, finance and insurance sector is either pushed or allowed to fall into recession.
Wednesday, March 21, 2012
Saudi Arabia Hires Super Tankers to Flood U.S. With Oil for Election Year / Politics / Crude Oil
By: Mike_Shedlock
... Oil Minister Says "High Oil Prices Unjustified"; Highest March Price in History; Republicans Say Obama Not Doing Enough
Wall of Supertankers Heads For US
Brent crude at $125, US Crude at $110, and soaring gasoline prices everywhere have caused quite a stir. See Highest Price Ever of Gasoline in March; State-by-State Gas Price and Gas Tax Comparison for a discussion.
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Wednesday, March 21, 2012
The Bullish Case for Large-Cap Oil Stocks / Commodities / Crude Oil
By: The_Energy_Report
With oil prices near record highs, who are the big winners in this energy bull market? Fadel Gheit, managing director and senior analyst of Oppenheimer & Co. has large-cap explorers and producers on his radar. In this exclusive interview with The Energy Report, Wall Street veteran Gheit shares his top picks for diversification, income and even growth.
The Energy Report: What is your current investment theme?
Wednesday, March 21, 2012
Global Oil Market Needs Canada's Crude / Commodities / Crude Oil
By: OilPrice_Com
Canada's natural resources minister told delegates at the International Energy Forum in Kuwait that his country was on the cusp of becoming an "energy superpower." Canada ranks No. 6 in terms of global oil production, but much of its crude exists in the form of oil sands. European leaders are considering a measure that would classify oil sands as an environmental issue, prompting Canada to threaten to take the issue to the World Trade Organization. With the U.S. political system in a deadlock over Canadian crude, the Ottawa government is now working to convince the international community that the global market is in jeopardy if polices "discriminate against oil sands."
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Tuesday, March 20, 2012
IEA Report Shows We Are Already In A 'Peak Oil' Context / Commodities / Crude Oil
By: Andrew_McKillop
The most recent IEA Oil Market Report, for February, could be interpreted as bringing some good news to oil importer countries of the OECD group, for which the IEA is the "energy watchdog agency". Its report said that oil demand in the OECD group, at about 46.25 million barrels per day (Mbd) was still 1.25 Mbd below the 5-year average for oil consumption by the 30-nation developed economy group.
Friday, March 16, 2012
Crude Oil and Natural Gas Bottoming? / Commodities / Crude Oil
By: Mike_Paulenoff
If I totally was isolated from any news today, and all I had at my disposal was the enclosed 4-hr chart of nearby NYMEX Oil, the analysis argues that a correction from the March 1 high at 110.55 is at or nearly completed into this morning's low at 103.78.
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Tuesday, March 06, 2012
Will Crude Oil Price Continue Heading Higher? / Commodities / Crude Oil
By: Frank_Holmes
Does it feel like it costs an arm and a leg to fill your car these days? While consumers may continue to feel the bite from higher gasoline prices, investors can use these rising prices to their advantage.Read full article... Read full article...
Monday, March 05, 2012
Short Term Pullback in Brent Crude Oil Price Starts / Commodities / Crude Oil
By: Donald_W_Dony
Brent prices have reached, for the short term, a peak. The Atlantic basin commodity has topped out at $128.40 and is now pulling back to the first support level of $120. The trigger for the expected retracement appears to be the US dollar.
Brent prices tend to trade in the opposite direction to the US$. And the Big dollar is beginning to rise again (Chart 1). The currency bounced off of the $0.782 support line in February and is now advancing to a target of $0.805.
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Friday, March 02, 2012
Iran Oil Trumps Iran Nuclear / Politics / Crude Oil
By: Andrew_McKillop
The US Energy Dept's 29 February report on world oil market trends carried baleful news for the gung-ho fraternity who want to turn Iran's nuclear installations into Dirty Bombs before Iran produces the Clean Bombs that other owner countries, like the US, Pakistan, France and Israel proudly possess.
Friday, March 02, 2012
Nymex Crude Oil Looking Higher / Commodities / Crude Oil
By: Mike_Paulenoff
The decline in nearby NYMEX Crude Oil prices from last Friday's high at 109.95 to yesterday's low at 104.84 returned the price structure to its prior multi-month upside breakout plateau at 104.50 (from Feb 19). This contained the selling pressure and attracted buying interest that then propelled oil above 107.00, in what looks like the completion of a near-term correction within the larger bull move off of last October's low at 74.95.
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