John Daly: The pieces and policies for potential conflict in the Persian Gulf are seemingly drawing inexorably together. Since 24 December the Iranian Navy has been holding its ten-day Velayat 90 naval exercises, covering an area in the Arabian Sea stretching from east of the Strait of Hormuz entrance to Read more…
NYSE:DIG, NYSE:DUG, NYSE:ERX, NYSE:ERY, NYSE:UCO, NYSE:USO
January Crude Oil futures succumbed to selling pressure last week, reaching a high at $103.37 and forming a closing price reversal top. Once confirmed, this pattern often leads to a minimum 50% correction of the most recent rally. Although a sell-off is likely, it doesn’t mean the trend has changed to down. Read more…
NYSE:ERX, NYSE:ERY, NYSE:UCO, NYSE:USO, OIH
Corey Rosenbloom: Oil put in a stellar upside performance from October to present, and now faces yet another “Resistance Challenge” (it’s passed the others so far) into the $100 price resistance confluence. Read more…
NYSE:ERX, NYSE:ERY, NYSE:UCO, NYSE:USO, OIH
Chris Vermeulen: Crude oil was THE commodity to trade back in 2007-2008 when prices rocketed above $145 per barrel then dropped like a rock all the way back down to $35 per barrel leaving many investors and traders either greatly rewarded or dead broke. Read more…
NYSE:ERX, NYSE:ERY, NYSE:SCO, NYSE:USO, OIH
Corey Rosenbloom: Stocks and Crude Oil performed well in October, breaking critical weekly (and of course daily) resistance levels to shift the dynamic to the buyers. Read more…
NYSE:ERX, NYSE:ERY, NYSE:UCO, NYSE:USO, OIH
Chris Martenson: Exponential debt increases coupled with limited natural resources mean that we are in a predicament. This is the message The Crash Course Author Chris Martenson delivered at the Casey Research/Sprott Inc. summit, “When Money Dies.” As an economic researcher, Chris considers the Read more…
NYSE:ERX, NYSE:ERY, NYSE:UCO, NYSE:USO, OIH
Chris Vermeulen: How to trade oil (NYSE:USO) is not an easy thing to do in today’s headline driven market. Even the best oil analysis which may have been correct will still be wrong at times. This is due to the fact that oil has many factors which play into its price. Things likes like extreme weather conditions Read more…
NYSE:ERX, NYSE:ERY, NYSE:UCO, NYSE:USO, OIH
Corey Rosenbloom: What’s going on with Crude Oil at the moment?
Let’s take a look at the Daily Read more…
NYSE:ERX, NYSE:ERY, NYSE:UCO, NYSE:USO, OIH
Zig Lambo: Despite the risks and unfavorable public opinion associated with offshore drilling, the truth remains that the keys to unlock the planet’s vast remaining oil resources lie beneath ocean floors, in places like the Gulf of Mexico, Brazil and even the Arctic. In this exclusive interview with The Energy Report Read more…
NYSE:ERX, NYSE:ERY, NYSE:UCO, NYSE:USO, OIH
Kent Moors: As I met with the Polish officials last Friday in Krakow to begin government sessions on shale gas policy, and European Union (EU) ministers met in the southwestern city of Wrocław, Poland, thoughts turned once again to oil (NYSE:USO) pricing. Read more…
NYSE:ERX, NYSE:ERY, NYSE:UCO, NYSE:USO, OIH
Corey Rosenbloom: In general, crude oil prices are closely following stock prices, including the recent rally into confluence resistance. Read more…
NYSE:ERX, NYSE:ERY, NYSE:UCO, NYSE:USO
EconMatters: It has become quite apparent that major changes are necessary in the oil futures market after the latest year of volatility which had little relation to the actual fundamentals of supply and demand in the marketplace. Read more…
NYSE:ERX, NYSE:ERY, NYSE:UCO, OIH
Keith Fitz-Gerald: Oil prices, like stocks, took a few big hits last week. West Texas Intermediate crude last week dropped below $80 a barrel before bouncing back up to $87 a barrel this week. Meanwhile, Brent crude fell to a six-month low below $100 a barrel before climbing back to $110 a barrel this Read more…
NYSE:ERX, NYSE:ERY, NYSE:UCO, NYSE:USO, OIH
Dr. Kent Moors: Traditionally, demand levels would determine the overall condition of the oil market. Supply (and the investment required for that supply) would be based upon what demand told us. Read more…
NYSE:ERX, NYSE:ERY, NYSE:UCO, NYSE:USO, OIH
Sean Brodrick: It’s funny — but not ha-ha funny — that oil prices are creeping higher even as the U.S. economy appears to be slowing down. Read more…
NYSE:DIG, NYSE:DUG, NYSE:ERX, NYSE:ERY
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