Category: Crude Oil
The analysis published under this category are as follows.
Wednesday, February 23, 2011
Powerful Spike in Crude Oil / Commodities / Crude Oil
By: Mike_Paulenoff
Crude oil's upside pivot reversal off of last week's low at $83.85 has morphed into a powerful spike that has climbed above the prior high of $92.84 to a new, post-Dec 2008 high at $99.94 today.
The explosive upmove has blown through key resistance at $90.15 -- the 50% resistance plateau of the huge $114.87/bbl bear market from July 2007 to Dec 2008. It has hurdled key multi-week resistance at $92.30/90 into what looks like a vicious new upleg that could be heading for a confrontation with the upper channel resistance line, now up near $110.50 to $113.00.
Wednesday, February 23, 2011
Crude Oil Prices Near $96 as Political Crisis Shifts to Libya / Commodities / Crude Oil
By: LiveCharts
Libya is the latest country facing political upheaval as it nears Civil War. Just a week after Egypt’s President Hosni Mubarak ended his 30-year run by resigning amid public unrest, Libya’s leader Moammar Gadhafi is dealing with similar anti-government demonstrations.
Gadhafi spoke out on Tuesday asking those that support the Libyan government to go on the offensive against the demonstrators, now supported by several army units that have defected from the government.
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Monday, February 21, 2011
Diverging Crude Oil Prices WTI $12 Cheaper than Brent, Anybody Got A Big Rig? / Commodities / Crude Oil
By: Dian_L_Chu
On Wednesday, Feb. 16 Israel said Iran is sending two warships into the Suez Canal on way to Syria, and that the action is considered a “provocation.” Due to the long history of bad blood between Israel and Iran, this very possible scenario was enough to even send the bear-infested NYMEX crude oil futures volume surging midday.
West Texas Intermediate (WTI) on Nymex rose to just below $85, while Brent crude on the ICE futures exchange spiked $2.17 higher to $103.81 a barrel--a 29-month high--widening the WTI-Brent spread to a new record near $19.
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Sunday, February 20, 2011
Three Ways to Profit From the Oil Market’s “New World Order” / Commodities / Crude Oil
By: Investment_U
At the moment, the Gulf of Mexico owns the title of being the largest offshore oil production area in the world.
But not for long.
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Wednesday, February 09, 2011
High Altitude Bombing in Crude Oil, Options Trade Opportunity / Commodities / Crude Oil
By: J_W_Jones
At the risk of stating the obvious, the recent market action in the commodities has been manic with wild gyrations of price in a wide variety of basic materials, metals, and energy. Given these wild fluctuations in price, I thought we could look at an options trade in USO that gives a high probability of success.
Wednesday, February 09, 2011
Crude Oil Trend Remains Positve / Commodities / Crude Oil
By: Donald_W_Dony
Oil prices have pulled back recently triggering suspicion that this movement is the start of a deeper correction. In reality, the supportive trends from key securities indicates just the opposite. Oil prices remain in a solid upward path.
Monday, February 07, 2011
Egypt Crisis Points Investors Toward U.S. Energy Producers and Crude Oil / Commodities / Crude Oil
By: Money_Morning
By Jon D. Markman writes:
Stocks lifted generously over the past week as investors celebrated the start of February with a bang amid cooling tempers in Egypt, guarded optimism in the halls of the U.S. Federal Reserve, stronger results among U.S. retailers and semiconductor makers, a merger in the gold mining industry and a devil-may-care attitude about the worsening of unemployment.Read full article... Read full article...
Sunday, February 06, 2011
How to Profit From the New Oil Boom in Texas / Commodities / Crude Oil
By: Investment_U
David Fessler writes:
It was 1894 when a crew of workers in Corsicana, Texas were drilling for water… only to strike oil instead.
The rest, as they say, is history – and Texas’ relationship with black gold since then is legendary.
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Friday, February 04, 2011
Risk Premium Leaving Crude Oil, Positive for Equities / Commodities / Crude Oil
By: Mike_Paulenoff
Oil prices have plunged today in anticipation of a peaceful transition in Egyptian leadership into presumably U.S.-friendly -- and democracy-friendly -- hands, which will quell perceptions of event risks in the oil market.
From a technical perspective, however, the Bull Trap high established on Monday was the oil market's way of winking at us about a potentially friendly resolution. As we speak, perhaps some risk premium is being extracted from the oil market, which should be a positive and supportive development for the equity indices in general and the S&P 500 emini (e-SPH) in particular.
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Friday, February 04, 2011
Crude Oil Prices Higher on Economic Outlook / Commodities / Crude Oil
By: LiveCharts
Oil prices are finishing off a second week of gains Friday (February 4) as the latest round of jobs data is expected to offer hope that the US economy is improving.
Analysts believe that non-farm payroll jobs increased by around 146,000 workers during January, according to a survey of economists. This has led to anticipation that the Labor Department will report that first-time jobless claims fell more than expected last week.
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Wednesday, February 02, 2011
Egypt Protests Could Lead to $150 Crude Oil / Commodities / Crude Oil
By: Money_Morning
Kent Moors writes:
Egypt is hardly the most influential player in the global energy market. Crude oil production has been in decline there for nearly two decades. Since hitting its peak level of 941,000 barrels per day (bpd) in 1993, producion has dropped steadily – falling to 873,000 bpd in 1997, 696,000 bpd in 2005, and finally to about 685,000 bpd currently.
Wednesday, February 02, 2011
Crude Oil Price Could Doom Obama / Commodities / Crude Oil
By: OilPrice_Com
Like death and taxes, the price of oil is always with us. And like taxes, it may be President Barack Obama's worst nightmare at election time next year.
Among forecasters, there is a sharp division between those who see an inexorable rise in the price of oil and those who believe it will stabilize about where it is now.
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Monday, January 31, 2011
Crude Oil Spikes Like An Egyptian / Commodities / Crude Oil
By: Dian_L_Chu
Images of mass Egyptian protesters clashing with police in Cairo broadcasted around the world shook global financial markets on Friday, Jan. 28. Dow and S&P 500 both dropped more than 1%, while some asset classes such as gold, silver, U.S. Treasuries were hot commodities from safe haven demand.
NYMEX West Texas Intermediate (WTI) also spiked more than 4%, closing at $89.34, while ICE Brent crude for March delivery surged 2.1% to $99.42 a barrel, and touched $99.74 intraday, a new post-2008 high.
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Friday, January 28, 2011
Welcome to ‘Peak Oil / Commodities / Crude Oil
By: Puru_Saxena
The day of reckoning is approaching and the world does not have a contingency plan.
The truth is that the world’s output of conventional crude oil peaked in 2005 and global oil exports are also past their prime. Furthermore, the unconventional sources (tar sands, heavy sour crude, ethanol, natural gas liquids, bio-fuels and shale) are struggling to keep up with the ongoing depletion in the world’s largest oil fields. Therefore, it is probable that the world’s current production of total liquids is at or near maximum capacity.
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Friday, January 28, 2011
Crude Oil Reverses to Downside / Commodities / Crude Oil
By: Mike_Paulenoff
Let's notice that after rallying strongly yesterday and recovering to test resistance around $88.00, crude oil prices have reversed to the downside again and have pressed to a new reaction low at $85.63.
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Friday, January 21, 2011
Crude Oil Shock Dead Ahead … Take Action NOW / Commodities / Crude Oil
By: Sean_Brodrick
We are on a collision course with the next oil shock. Most people won’t know it until it hits them right between the eyes with all the force of a ball-peen hammer. By then it will be too late.
Here is some of the latest news I’m watching …
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Wednesday, January 19, 2011
Bullish on UltraShort Oil & Gas ETF DUG / Commodities / Crude Oil
By: Mike_Paulenoff
Today's new low -- and upside reversal -- in the ProShares UltraShort Oil & Gas ETF (NYSE: DUG) has the right pattern "look" and the necessary acute oversold conditions reflective of a seriously overbought oil and gas equity sector in the S&P 500 -- and one that is overdue for a meaningful bout of profit-taking.
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Wednesday, January 19, 2011
Crude Oil on Launch Pad Culd Rise by 50% / Commodities / Crude Oil
By: Guy_Lerner
Whether it is due to increasing demand (unlikely) or too much money chasing too few assets (likely), crude oil is on a launching pad that could lead to a 50% plus gain.
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Monday, January 17, 2011
Crude Oil Finally Clears Last Year’s High / Commodities / Crude Oil
By: Seven_Days_Ahead
After a pullback in 2010 found support from the 38.2% retracement the ensuing recovery returned to the area of the May high, but seemed temporarily reluctant to push decisively through. This is now happening though.
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Sunday, January 16, 2011
Russia and Belarus Fight Over Oil Prices Again / Commodities / Crude Oil
By: Pravda
Russia suspended oil shipments to Belarus on January 1 after the two sides failed to sign adequate agreements. The two countries can not come to a compromise regarding the prices. Oil transit to Europe via Belarus has not been interrupted.
"We are discussing price determination issues with Russian suppliers," Maria Kostyuchenko, the press secretary of Belarus's Belneftekhim stated. "We hope that the shipments will be resumed in January," she added saying that the oil reserves at Belarusian oil refineries would guarantee normal work before February.
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