Category: Crude Oil
The analysis published under this category are as follows.
Wednesday, September 10, 2014
Russia And Iran Put Oil-For-Goods Deals Into Motion / Commodities / Crude Oil
By: GoldCore
Russia-Iran Oil-for-Goods Contracts
Representatives of the Russian and Iranian governments met in Tehran yesterday for the 11th meeting of the Iran-Russian Trade Council, where details of a ground breaking oil-for-goods swap between the two heavily sanctioned countries were revealed.
With both countries now sanctioned by the West, Russia and Iran have been in extensive negotiations on how to facilitate Iranian oil exports without breaching the UN Security Council nuclear deal that was agreed between Iran, Germany and the five UN Council permanent last January.
Read full article... Read full article...
Wednesday, September 10, 2014
Crude Oil Price Downtrend Continues / Commodities / Crude Oil
By: Gregor_Horvat
Crude Oil fell to a new low on Monday so we see prices now already in fifth wave and labeled wave (iv) as a flat correction. As such price may go even lower by the end of the week, to 90.00 area where we will be looking for some evidences of a low as this psychological level may turn into a technical support.
this bearish move was already anticipated on our past updates
Thursday, September 04, 2014
Overpriced Oil – The Fundamental Facts / Commodities / Crude Oil
By: Andrew_McKillop
Andy Hall Takes a Bet
Sometimes dubbed the Billionaire Better who always gets things right, Andy Hall has come out swinging. Bloomberg, September 3, reports Hall as saying US shale oil (and even shale gas) “are a dud” and will play down and out much faster than most people think. Hall says there is no way that either US or world oil prices can erode down to around $75 a barrel. He says barrel prices will be closer to $150 within 5 years, by at latest 2019. Hall is buying long-dated oil futures contracts to as far out as 2019 on that basis
Thursday, September 04, 2014
Stronger U.S. Dollar Implications for Crude Oil Price / Commodities / Crude Oil
By: Nadia_Simmons
Trading position (short-term; our opinion): In our opinion no positions are justified from the risk/reward perspective.
On Tuesday, crude oil lost 2.70% as the combination of disappointing Chinese data and stronger U.S. dollar weighed on the price. Because of these circumstances, the commodity bounced down the medium-term resistance zone and approached the recent lows. Will they withstand the selling pressure?
Read full article... Read full article...
Tuesday, September 02, 2014
Why Brent Crude Oil Prices Won’t Fall Below $100 a Barrel / Commodities / Crude Oil
By: Submissions
Chad Shoop writes: All the talk about oil these days would lead you to suspect that we are overflowing in abundance, with enough of the black gold lying around the U.S. to significantly reduce our dependence on Middle Eastern and European oil. This happy talk has even sparked discussion of oil independence for Americans — but this couldn’t be farther from the truth. Given the rising cost of producing oil, oil prices won’t fall below $100 a barrel — at least not for any significant length of time.
Friday, August 22, 2014
How the “Uncertainty Factor” Drives Crude Oil Prices / Commodities / Crude Oil
By: Money_Morning
Dr. Kent Moors writes: Despite a world of geopolitical tension, oil prices have remained steady.
West Texas Intermediate (WTI) has been holding in the mid $90′s, while Brent continues to trade in the low $100 range.
This trading dynamic tells us two things…
Read full article... Read full article...
Monday, August 18, 2014
Crude Oil Price Decline – To What Price? / Commodities / Crude Oil
By: Andrew_McKillop
Triple Digit Prices are Not Forever
In what is only superficially amazing at a time when Islamic insurgency, including Boko Haram in Nigeria and ISIS in Iraq may be threatening the state, civil society and the oil sector in major exporter countries, oil prices are declining quite rapidly. The “magic three digit” price level for oil - $100 a barrel come rain or shine – has been seriously eroded for US WTI and may soon also be attacked for Brent. The major reason for this decline is sharper than expected and forecast decline in leading economic indicators for many large importer countries, including Japan and the EU28. Monthly oil import demand outturns for China and India are variable, but have suffered major contractions relative to previaling rates before 2010.
Thursday, August 14, 2014
The Greatest Investment Theme of This Decade / Commodities / Crude Oil
By: DailyWealth
Matt Badiali writes: It's not too late to grab a stake in the U.S. oil boom...
Yesterday, I shared my experience at the U.S. EIA 2014 Energy Conference last month in Washington D.C. In short, some of the smartest people in the industry, like Daniel Yergin, are projecting U.S. oil production could nearly double from today's levels within the next 20 years.
Read full article... Read full article...
Thursday, August 14, 2014
Crude Oil Up and Down. Who Will Take Control? / Commodities / Crude Oil
By: Nadia_Simmons
Trading position (short-term; our opinion): In our opinion no positions are justified from the risk/reward perspective.
On Tuesday, crude oil lost 0.68% as the bearish report from the International Energy Agency and waning concerns over Iraq supply disruptions weighed on the price. As a result, light crude re-tested the strength of the support zone and approached the recent lows. Will we see a breakthrough in the next few days?
Read full article... Read full article...
Wednesday, August 13, 2014
Oil Market QE Premium Is Coming out of Price / Commodities / Crude Oil
By: EconMatters
The Fed Giveth & Taketh with Policy
The Fed may pat themselves on the back for creating the ‘wealth effect’ in stocks, and hope like heck that some of this wealth trickled down and through the rest of the economy, but it is quite evident what the Fed giveth on one hand they taketh away on the other hand in terms of higher oil and commodities prices like gasoline prices.
Read full article... Read full article...
Wednesday, August 06, 2014
These Events Could Unhinge Two Global Hotspots And Send Crude Oil Price Higher / Commodities / Crude Oil
By: Money_Morning
Kent Moors writes: Over the last 36 hours, two events have occurred that may indicate the situation in two global hotspots is getting worse.
Both have the potential to have a significant impact on energy prices in the future.
First, the Islamic State (IS), the terrorist group formerly known as the Islamic State of Iraq and the Levant (ISIL), attacked the Mosul Dam.
Read full article... Read full article...
Tuesday, August 05, 2014
Crude Oil Is the New Gold Standard / Commodities / Crude Oil
By: Money_Morning
Dr. Kent Moors writes: Today I want to tell you a story about energy - especially crude oil.
It involves my run in with the steak bandit...
Just stay with me here...
Read full article... Read full article...
Tuesday, August 05, 2014
The Bigger Oil Story Behind the Headlines / Commodities / Crude Oil
By: OilPrice_Com
Michael Levi writes: While we fixate on sexy headlines about Chinese military threats in the South China Sea, for instance, or Washington 'lifting the ban' on crude oil exports, we miss the bigger stories -- and we miss the reality. China's relentless resource quest has the greatest impact on trading prices, which may not make for headline news, but is a very important reality, while the stories about the US lifting the crude oil ban were just wrong.
Tuesday, August 05, 2014
Apocalypse Now For Crude Oil Prices – When Isis Takes Baghdad / Commodities / Crude Oil
By: Andrew_McKillop
Dangerously Converging Contexts
As of now we can at least theoretically scenarize a world oil shock at least equal to the so-called 'Arab oil embargo' of 1973-74. The chronology shows that Arab oil exporters joined by the Shah's Iran, from October 1973 cut their total supply by 5% a month to obtain their political-economic demand for much higher prices “for as long as needed”. By January-February 1974 they had started delaying or freezing the monthly 5% cuts in supply. By March when Israel withdrew the last of it soldiers from the Egyptian side of the Suez Canal the embargo started winding down.
Friday, August 01, 2014
Oil Price Major Shift Afoot / Commodities / Crude Oil
By: Raul_I_Meijer
Oil prices are dropping as Exxon announces a -5.7% plunge in output. And as Shell, as I said yesterday, can think of nothing better to do with its remaining funds than to spend it on share buybacks and dividends. Perhaps shareholders should take the money and run. Because what sort of future can they expect for a company that acts like that?
Western oil companies have tens of billions invested in Russian projects they may or may not have access to anymore now the sanctions are coming into effect. The scourge of insecurity. Never good for industry, never good for markets. Prices will rise again, and a lot, just ask Putin, but that doesn’t take away the insecurity over Big Oil’s chances of – even medium term – survival.
Read full article... Read full article...
Friday, August 01, 2014
July 31 An Amusing Day For Overpriced Crude Oil / Commodities / Crude Oil
By: Andrew_McKillop
Suddenly There Is Ample Supply
Newswires and energy sites on the Internet desperately sought rational explanations of why oil could not only flirt with the “100 dollar benchmark” but (OMG!) fall well below it in just a few days of so-called “hectic trading”. We can now await the pro domo explanation from Goldman Sachs telling us this is only a “temporary downward blip”. Keep calm and carry on. The natural price is well above $100 a barrel.
Tuesday, July 29, 2014
Alaskans need to stand up for free market, reject flawed oil tax 'reform' / Politics / Crude Oil
By: Stephen_Merrill
By listening to this summer’s political commercials, Alaskans could rejoice that a job-friendly atmosphere has been restored to the Alaska oil slope due to the end of the ACES pricing structure now replaced by the pre-ACES lower tax rates. So, Vote No on Ballot Measure 1 to create Alaska jobs!
Monday, July 28, 2014
Has Crude Oil Price Recovery Ended? / Commodities / Crude Oil
By: Gregor_Horvat
Crude Oil rallied away from 98.64 which has been expected because of a completed five wave decline, but it seems that recovery has ended now, close to 61.8% retracement level after three waves up. Notice that crude oil also moved slightly beneath wave (b) swing which suggests a completed rally. Therefore, traders need to be aware of a bearish impulse and continuation back to 98.65.
Read full article... Read full article...
Saturday, July 26, 2014
Two Buy Signals in Crude Oil / Commodities / Crude Oil
By: Investment_U
Christopher Rowe writes: To help us analyze this chart of light, sweet crude oil, let’s use two momentum indicators:
- The MACD (Moving Average Convergence Divergence) indicator
- The RSI (Relative Strength Index – not to be confused with “relative strength”).
Wednesday, July 23, 2014
Crude Oil Price Bearish Continuation / Commodities / Crude Oil
By: Gregor_Horvat
Crude Oil is rallying away from 98.64 which has been expected because of a completed five wave decline, but now recovery can already be counted in three legs that reached levels around 61.8% Fibonacci level, which means that recovery can be at the end. In fact, prices turned nicely down yesterday, slightly beneath the corrective channel that is pointing to lower prices. Ideally we will see a bearish continuation back to 98.60 in days ahead.
Read full article... Read full article...