Posts Tagged ‘NYSEARCA:BNO’

Oil Breakout Projects $51.50

April 13th, 2016

crudeoilBillionaires Portfolio:  As we said yesterday, oil on the mend is the key proxy right now for global economic stability.  With that, after closing above $40 yesterday, oil continued its surge today, up 4%.  And global stocks had a good day, up 1% in the U.S. Read more…


Art Berman Sees Oil Heading To $16, Will Lead To “Banking Bloodbath”

March 2nd, 2016

short-oil-etfTyler Durden:  As Nate Hagens noted, “people think that the economy runs on money but it runs on energy,” and as Art Berman details in the following interview how the current oil price collapse represents devaluation from over-investment Read more…


Four Days After Predicting Oil Will Double, T. Boone Pickens Sells All Oil Holdings

February 5th, 2016

boone pickensTyler Durden:  Just four days ago, on Monday afternoon, “legendary” oilman T Boone Pickens said that crude has hit bottom at $26 per barrel, and predicting that prices should double within 12 months. Read more…


Oil Spikes Near $33 After Turkey-To-Invade-Syria Rumor

February 4th, 2016

crudeoilTyler Durden:  Yesterday it was chatter of 6 (non-Saudi) OPEC members agreeing to an emergency meeting (to do what exactly?) that ramped crude (despite dismal production, inventories, and demand data). Read more…


Oil Dumps’n'Pumps Despite Crude, Gasoline Inventories Surge

February 3rd, 2016

crudeoilTyler Durden:  Crude has soared back above $31 as it seems a new bullish narrative around seasonally high crude refining has sparked dreams of demand. Read more…


Crude Sinks To Day Lows After Goldman Explains Why No Oil Production Cuts Are Coming

February 2nd, 2016

crudeoilTyler Durden:  Moments ago, following last week’s torrid crude oil price rebound driven entirely by now-denied hopes of some production cut consensus between oil suppliers, namely Russia and Saudi Arabia, oil halted its four-day rally as weak Chinese manufacturing data added to economic demand concern. Read more…


The Truth Emerges: “I Never Thought I Would Wish, Or Pray, For Higher Oil Prices, But I Am”

February 2nd, 2016

oil etfsTyler Durden:  This was not supposed to happen. None other than The U.S. Federal Reserve Bank of Dallas, in a research paper released in January, said that:  Read more…


Oil Is Crashing After Hedge Fund Bulls Pile In At Fastest Pace Since 2010

February 1st, 2016

crudeoilTyler Durden:  Amid denied rumors of production cuts (and Goldman’s dismissal), crude oil prices have jumped “August 2015 Andy Hall squeeze style” to 3-week highs. Read more…


WTI Crude Plunges To $31 Handle As Production Cut Gains Entirely Erased

February 1st, 2016

crudeoilTyler Durden:  Denials, Goldman’s dismissal, and now Persian Gulf oil producers unsupportive, and Thursday’s exuberance is done… Read more…


U.S. Crude Inventories Are The Highest Since The Great Depression

January 27th, 2016

oildrumTyler Durden:  In case you were under the impression that oil was stabilizing, we thought this chart might help clarify just how “different” it is this time in the energy complex… Read more…


IEA Warns: The Oil Market Could Drown In Oversupply

January 19th, 2016

crudeoilTyler Durden:  On Monday, we noted with some incredulity that North Dakota Sour – a high-sulfur grade of crude – was briefly going for -$0.50 at the Koch brothers’ Flint Hills Resources refining arm. Read more…


WTI Tumbles To $43 Handle As Iran ‘Price Cut’ Sparks Supply Surge

September 14th, 2015

short-oil-etfTyler Durden:  Having traded above $46 on Friday, WTI Crude is back to a $43 handle as it appears Iran’s price cut, as we detailed here, sparked demand from China and India driving up Iran exports to 1 million barrels per day.  Read more…


Why Crude Oil’s Carnage Has Only Just Begun

August 14th, 2015

short-oil-etfTyler Durden:   ”Summer is when refineries are all running hard, so actual demand for crude is as good as it gets,” notes Citi’s Seth Kleinman, London-based head of energy strategy, but U.S. crude futures have lost 30 percent since the start of June, Read more…


Is Russia OPEC’s True Target In Oil Price Plunge?

December 8th, 2014

crudeoilThe Silver Bug: Oil prices continue their slide downward, now sitting at $65.27 per barrel. OPEC has successfully in all practical senses “crashed” the oil market, bringing much uncertainty and confusion to the broad general markets. Read more…


Where Oil Prices Are Headed

September 15th, 2014

oildrumGeorge Leong: Gasoline prices are finally headed lower at the pumps, but it’s happening slowly. It always seems prices at the pumps rise much faster when oil prices increase, but they move much slower when oil prices decline. I guess that’s big oil for you. Read more…


Copyright 2009-2016 WBC Media, LLC