Category: Crude Oil
The analysis published under this category are as follows.
Tuesday, December 15, 2015
Crude Oil Extends Losses / Commodities / Crude Oil
By: Nadia_Simmons
Trading position (short-term; our opinion): No positions are justified from the risk/reward perspective.
On Friday, crude oil lost 3.34% as a bearish report from the International Energy Agency added to worries over a supply glut and affected negatively investors' sentiment. In this environment, light crude dropped to a fresh 2015 low, slipping to the lowest level since Feb 2009. What's next?
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Saturday, December 12, 2015
Are Low Crude Oil Prices a 'Boom Or A Curse' For The World Economy? / Commodities / Crude Oil
By: Chris_Vermeulen
The energy markets are tanking and are at levels that have not been seen since "The Recession" of 2009. Opinions are divided on the effects of the fall. Some say it is good for consumers, whereas, others say it is bad for the global economy. This article will analyze the overall effects of low crude oil prices on the industry, the major oil-producing nations, consumers and the overall global economy. The severity of the fall can be seen in the chart below.
Tuesday, December 08, 2015
Crude Oil Price Under $40! / Commodities / Crude Oil
By: Nadia_Simmons
Trading position (short-term; our opinion): Short positions with a stop-loss order at $54.12 and initial (!) target price at $35.72 are justified from the risk/reward perspective.
On Friday, crude oil reversed and declined sharply after the Organization of the Petroleum Exporting Countries' decision to keep production high weighed on investors' sentiment. Thanks to these circumstances, light crude lost 2.74% and slipped under the barrier of $40 once again. What's next?
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Friday, December 04, 2015
Why Is The U.S. Reluctant To Bomb ISIS Oil Fields? / Politics / Crude Oil
By: OilPrice_Com
There has been some revealing new information coming out recently regarding the strategy against ISIS. One aspect many find troubling is the apparent failure of U.S. and coalition forces to sufficiently target and destroy oil infrastructure located in ISIS territory, which accounts for a significant portion of the terror group's annual income. The argument goes, if we want to impact their operations, we should target their primary sources of income, and choke off their operational funds. So, why does ISIS oil infrastructure still stand? Is this the result of an intelligence failure? Negligence? Or, is there a more purposeful reason?Read full article... Read full article...
Tuesday, December 01, 2015
ISIS, Turkey And Oil – The Bigger Picture: Interview With Pelicourt / Commodities / Crude Oil
By: OilPrice_Com
As the terrorist attack in Paris sparks worldwide fear of similar reprisals and a bloody shootout and hostage situation in a five-star Mali hotel exacerbates those concerns, global energy security reels under the pressure of unfathomable geopolitics. In an exclusive interview with Oilprice.com, Robert Bensh—managing director and partner at Pelicourt, a Western-owned oil and gas company navigating tricky conflict zones—discusses: Read full article... Read full article...
Tuesday, December 01, 2015
Crude Oil Erases Price Gains / Commodities / Crude Oil
By: Nadia_Simmons
Trading position (short-term; our opinion): Short positions with a stop-loss order at $54.12 and initial (!) target price at $35.72 are justified from the risk/reward perspective.
On Friday, crude oil lost 3.31% as a stronger greenback weighed on the price of the commodity. Thanks to these circumstances, light crude moved away from its key resistance area and closed another week below it. Will this event encourage oil bears to act in the coming days?
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Friday, November 20, 2015
Crude Oil Price - Where is it Headed? / Commodities / Crude Oil
By: Sol_Palha
All this talk and turmoil and noise and movement and desire is outside of the veil; within the veil is silence and calm and rest. ~ Bayazid Al-Bistami
On the 19th of this month, two articles were published at the same time, one stating that oil could go to $26 and the other stating that oil is ready to trade to $80. Which one is it going to be, $26 or $80 and how is the average Joe going to be able to discern which one is a depiction of what lies ahead. This is the problem with today's mass media, in their quest to attract eyeballs, bombastic and often conflicting articles are published simultaneously. One almost feels that most of the major sites have only one agenda, quantity over quality.
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Wednesday, November 18, 2015
Saudis Planning For A War Of Attrition In Europe With Russia's Oil Industry / Commodities / Crude Oil
By: OilPrice_Com
Russia's central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been making inroads in the European market amid the oil price downturn.The result is a heavier discount for Russia's crude oil, the so-called Urals blend. Bloomberg reported that the Urals typically lands in Rotterdam, a major European destination, at a discount to Brent of around $2 or less. But the discount has widened to $3.50 lately due to increased competition from Saudi Arabia. "Oil supplies to Europe from Saudi Arabia are probably adversely affecting Urals prices," the Russian central bank warned in a recent report.
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Wednesday, November 11, 2015
Rejecting the Keystone Pipeline / Commodities / Crude Oil
By: OilPrice_Com
All thinking and rational students of economics and political policy should take note of the triumphed message sent out by the CREDO Action progressive group. The strategy to organize a massive civil disobedience confrontation has been absent from the public square for far too long. However, when the cause is so ill founded and based upon foolish economic realities, the protesting activists need to rethink their falsely placed suppositions.
Tuesday, November 10, 2015
Political Climate Shifting Against The Oil And Gas Industry / Commodities / Crude Oil
By: OilPrice_Com
Oil and gas companies have had a tough time over the past year trying to weather the storm of falling oil prices. But the political and financial winds are moving in the wrong direction for the industry, raising more "above ground" problems at a time that they can ill-afford it.Read full article... Read full article...
Friday, November 06, 2015
Oil Megaprojects Won't Stay On The Shelf For Long / Commodities / Crude Oil
By: OilPrice_Com
One casualty of the oil price downturn could be the megaproject.For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. Extracting oil from these frontier areas required more advanced technology and a lot more capital: Ultra deepwater, Arctic offshore, heavy oil sands, and increasingly, the Lower Tertiary.
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Thursday, November 05, 2015
Crude Oil Price More Weakness In Sight / Commodities / Crude Oil
By: Gregor_Horvat
Crude oil has turned up in September when price broke out of a triangle placed in wave (b) so wave (c) was final with wave 4 pullback that reached 50.50 resistance from where sell-off occurred in October. As such, we suspect that WTI made a new swing now that will send price down into wave 5 back to 37.70. Broken corrective channel also suggests more weakness ahead,but after wave (ii) is complete.
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Sunday, November 01, 2015
Crude Oil Price Set For Big Rally / Commodities / Crude Oil
By: Austin_Galt
The oil price has had a nice rise in the past week so let’s see just what is going on using the weekly and daily charts.
Wednesday, October 28, 2015
Stop Blaming OPEC For Low Oil Prices / Commodities / Crude Oil
By: OilPrice_Com
We are a little more than a month away from OPEC's next meeting, which will be held in Vienna on December 4, 2015.
OPEC altered the course of the oil markets last year when it decided to cast aside its traditional role of maintaining balance through production cuts. Instead it pursued a strategy of fighting for market share, contributing to an immediate rout in oil prices. WTI and Brent then went on to dive below $50 in the weeks following OPEC's decision.
Thursday, October 22, 2015
USO Patience Before Picking Cycle Low / Commodities / Crude Oil
By: Gary_Savage
A little more patience before trying to pick the cycle low in oil. RSI is just now getting oversold so its getting close.
I Like to see price close below the lower Bollinger band before trying to pick the bottom. Once it does then wait for a swing low to form.
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Monday, October 19, 2015
Crude Oil Market Showdown: Can Russia Outlast The Saudis? / Commodities / Crude Oil
By: OilPrice_Com
"Two men enter, one man leaves, two men enter, one man leaves, two men enter..." -
Mad Max: Beyond Thunderdome November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. This decision set crude prices on a downward path. Subsequently, to defend market share, the Saudis increased production, which exacerbated market oversupply and further pressured prices.
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Monday, October 12, 2015
New Hedge Fund Buying Enters Crude Oil Market / Commodities / Crude Oil
By: Dan_Norcini
First, let's start with an updated chart of the WTI Crude oil.
Crude has been in a range for most of the month of September oscillating near the 50 day moving average. It had been unable to do much in the way of additional upside however until this month, when it finally broke out above resistance at the top of the range near the $48 level. Friday it managed to best 50 on an intraday basis but then faded well off the highs heading into the close.
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Tuesday, October 06, 2015
A Key Oil Price Trend That Everyone Is Missing / Commodities / Crude Oil
By: Investment_U
David Fessler writes: My friend Rick Rule likes to say, “The cure for low prices is low prices.”
Here’s what’s supposed to happen...
Marginal producers can’t make money at today’s prices. Therefore they shut in wells (turn them off). As supplies get tighter, prices move higher.
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Tuesday, October 06, 2015
Is Russia Plotting To Bring Down OPEC? / Politics / Crude Oil
By: OilPrice_Com
President Putin's recent moves in the Middle East—to shore up Bashar al-Assad's regime in Syria through deployment of combat aircraft, equipment, and manpower and build-out of air-, naval-, and ground-force bases, and the agreement in the last week with Iran, Iraq, and Syria on intelligence and security cooperation—could contribute to Russian efforts to combat the myriad negative pressures on Russia's vital energy industry. Read full article... Read full article...
Tuesday, September 29, 2015
Crude Oil Price Is Going to Fall by 50%… Again / Commodities / Crude Oil
By: ...
Michael Lewitt writes: We’ve talked about the massive Debt Supercycle and why it can only end in the market crash I’m now predicting. (If you want a refresher, download my “Super Crash Report.”)
But there’s one connection we haven’t made yet.
The same thing just happened in the energy market.
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