Category: Crude Oil
The analysis published under this category are as follows.
Thursday, April 07, 2011
Rally in UltraShort Crude Oil and Gas DUG ETF / Commodities / Crude Oil
By: Mike_Paulenoff
The most recent downleg in the ProShares UltraShort Oil & Gas ETF (DUG) from 31.93 to 25.73 looks like a completed bearish structure. The fact that prices reversed sharply to the upside today after first hitting a new low suggests strongly that the DUG hit downside exhaustion at under 25.80 earlier today.
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Wednesday, April 06, 2011
Obama's Empty Gas Tank / Politics / Crude Oil
By: OilPrice_Com
There is a piece of doggerel which goes:They said it couldn't be done.
So I went right to it -- that thing they said
Couldn't be done.
And I couldn't do it.
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Tuesday, April 05, 2011
Rising Crude Oil Prices, Is Yemen the Next Trigger? / Commodities / Crude Oil
By: Money_Morning
Jon D. Markman writes:
Crude oil futures spiked to a 30-month high on Monday - and crude prices have zoomed 19% so far this year - so it's no surprise that energy stocks have enjoyed one whale of a run.
Even so, energy stocks continue to top my list of favorite plays - and for one very good reason.
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Tuesday, April 05, 2011
Crude Oil Market Speculation Argument to be Tested by WTI Rollover Cycle / Commodities / Crude Oil
By: Dian_L_Chu
The monthly roll cycle starts Tuesday April 5th for Crude Oil with the 4-day rolling of USO positions, the USO is an exchange traded security meant to track movements in the WTI futures contract. This happens over a four day period now from the 5th-8th of April, so that traders cannot easily front-run the rollover process.
Monday, April 04, 2011
Speculators, Cartels and Myths of Scarcity: How War Pushes up the Price of Oil / Politics / Crude Oil
By: Global_Research
Dean Henderson writes: Last week, as if to justify his Libyan crusade, President Obama echoed the prevailing “peak oil” myth, stating that “we must accept the new reality that from here on out, demand for oil will always exceed supply”. It was music to the ears of the Rockefeller/Rothschild energy cartel and tax-dodger oil traders in Zug, Switzerland alike. Both know full well that oil companies pay around $18/barrel to get crude out of the ground.
Sunday, April 03, 2011
Libya Oil Export Offline Indefinitely? / Commodities / Crude Oil
By: Dian_L_Chu
There were some interesting developments coming out of Libya that It seems behind the scenes a transitional government is already being put in place, and contracts are being signed for the resumption and export of Oil to Libya`s trading partners.
Thursday, March 31, 2011
Revolution Or Evolution In The World Crude Oil Market? / Commodities / Crude Oil
By: Dian_L_Chu
Bob van der Valk writres: Time has not made much of a difference since 2008...at least in the price of crude. The price for the U.S. West Texas Intermediate (WTI) crude oil was $107 a barrel on September 28, 2008, vs. around $105 per barrel today.
On the other hand, the average price at the pump was $2.57 a gallon then, compared with the average is $3.58 per gallon today. The chart below shows the average price for the period from March 24, 2009 through March 24, 2011):
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Thursday, March 31, 2011
Crude Oil WTI Will be at $90 in a Month / Commodities / Crude Oil
By: Dian_L_Chu
The latest inventory report came out on Wednesday, March 30 from the U.S. EIA (Energy Information Administration) showing Cushing stocks at a record 41.9 million barrels (Fig. 1). And guess what? The news is only going to get worse for WTI longs, as the next couple of weeks will bring the total storage at Cushing close to the max capacity of 44 million barrels due to the fact that more traders took delivery on WTI (West Texas Intermediate) on the last CL rollover.
Wednesday, March 30, 2011
The Fight Against Higher Oil Prices is Lost / Commodities / Crude Oil
By: Money_Morning
Kent Moors, Ph.D. writes:
Information has surfaced that forces opposing Libyan leader Moammar Gadhafi secured the major oil towns of Brega and Ras Lanuf (both port cities on the Mediterranean).
The Libyan rebels now control oil fields producing between 100,000 and 130,000 barrels a day, and they say that will quickly increase to 300,000, with exports renewing in a week. That higher figure would account for about 19% of daily exports from Libya before the unrest started.
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Tuesday, March 29, 2011
LIBYA: ‘V’ PROFILE COMING FOR OIL PRICES? / Commodities / Crude Oil
By: Andrew_McKillop
Coalition bombing in Libya has transformed the prospects for embattled insurgents, now sweeping further and further west from their Benghazi stronghold. Likely ground support, or at least weapons supply and military specialist manpower from the coalition can speed the coming encirclement and defeat of the Gaddafi regime, in its Tripoli heartland.
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Thursday, March 24, 2011
Big Oil Versus The Dangers of Nuclear Power / Politics / Crude Oil
By: Eric_Walberg
As oil prices soar and countries think twice about expanding nuclear power, we should be careful about where to point the finger, says Japan’s trauma following the partial meltdown of nuclear reactors in Fukushima has once again brought to the world’s attention the dangers of nuclear power. From the start, it was clear that a broad advocacy of nuclear energy is bad ecology. Splitting the atom (or worse, fusing atoms) unleashes intense heat and radiation and produces poisonous waste that lasts for up to 10,000 years or more
Monday, March 21, 2011
Oil Sands Fueling the Future / Commodities / Crude Oil
By: Marin_Katusa
Marin Katusa, Casey Energy Opportunities writes: For many years, trying to tap an oil sands deposit accomplished about as much as sipping molasses through a straw, but that is changing. So do oil sands companies make a good investment now?
Humans and bacteria share a surprising number of features, not least in what they consider good food. In general, the smaller and simpler the molecule, the easier it is to digest. So, about 50 million years ago, when and where bacteria had a chance to chow down on some of the rich hydrocarbons we call oil, one might expect them to start on the smaller, tidier mouthfuls, and indeed they did.
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Monday, March 21, 2011
Crude Oil’s Piracy Premium / Commodities / Crude Oil
By: Frank_Holmes
Hollywood pirates such as Jack Sparrow and Blackbeard are glorified characters among uncivilized peers, stealing from the rich and acquiring bounties of gold. While the adventures of these 19th century caricatures are entertaining, their 21st century descendants are a growing threat to a shipping industry responsible for nearly 80 percent of the world’s trade.
Friday, March 18, 2011
Crude Oil Underpinned Despite Weakness as the Only Alternative to Nuclear Power / Commodities / Crude Oil
By: Seven_Days_Ahead
The recent rally in oil markets, driven by unrest in the Arab world, has paused in the aftermath of the Japanese natural disaster and possible and impending nuclear disaster. Traders are trying to assess the implications for energy demand as the world’s 3rd largest economy looks set to endure a recession.
Wednesday, March 16, 2011
Crude Oil Prices Fall in Aftermath of Japan Devastation / Commodities / Crude Oil
By: LiveCharts
Oil prices are trading well below $100 as the news following Japan’s 8.9 earthquake last week continues to get worse.
The Japanese government continues to advise of possible nuclear meltdowns and has made multiple mentions of radiation concerns around the northeast Japan region.
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Wednesday, March 16, 2011
Japan, the Persian Gulf and Energy / Politics / Crude Oil
By: STRATFOR
Over the past week, everything seemed to converge on energy. The unrest in the Persian Gulf raised the specter of the disruption of oil supplies to the rest of the world, and an earthquake in Japan knocked out a string of nuclear reactors with potentially devastating effect. Japan depends on nuclear energy and it depends on the Persian Gulf, which is where it gets most of its oil. It was, therefore, a profoundly bad week for Japan, not only because of the extensive damage and human suffering but also because Japan was being shown that it can’t readily escape the realities of geography.Read full article... Read full article...
Sunday, March 13, 2011
Japan Earthquake: Impact on Crude Oil, Fuel and Nuclear Power / Commodities / Crude Oil
By: Dian_L_Chu
A 9.0-magnitude earthquake rocked Japan on Friday March 11, prompting a 30-foot tsunami slamming the country's northeast coast. Media reported that one major oil refinery was caught fire while nearly a dozen nuclear plants were shut down leaving Millions of buildings around Tokyo without power.
Sunday, March 13, 2011
Crude Oil Prices And The Japanese Disaster: The Herd Got It Wrong / Commodities / Crude Oil
By: Andrew_McKillop
JAPAN'S OIL DEMAND WILL BOUNCE BACK
Friday 11th trading on the US Nymex and to lower extent on the London ICE was driven by a quick sentiment-driven response to breaking news of the Japanese disaster. Refineries were on fire, ports were closed and cars, buses and trucks were floating like jetsam, in the raging tsunami. Oil traders surmised that Japan's oil demand and its import draw on world supply were both set to fall and prices were sharply marked down through the day.
Saturday, March 12, 2011
Crude Oil prices drop below $100 on Japan Earthquake and OPEC / Commodities / Crude Oil
By: LiveCharts
A major 8.9 earthquake and tsunami struck Japan overnight in the United States, Friday afternoon in Northeast Asia.
Japan is the third largest consumer oil and the emotional response from speculators quickly knocked light sweet crude futures below $100. In early Friday morning New York NYMEX trade, crude futures are worth $100.05 per barrel
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Monday, March 07, 2011
Crude Oil’s March Madness a Boost for Refiners / Commodities / Crude Oil
By: Frank_Holmes
March Madness is still a few weeks away for college basketball fans but the madness of March is in full swing for the oil sector. Turmoil in the Middle East sent oil prices up more than 6 percent last week. We also happen to be entering a time of year that has historically been good for energy prices and energy equities in recent decades.