We’ve recently looked at the tools used to gauge petroleum fundamentals (“Oil Market Indicators Explained: Part 2“). Now it’s time to turn our attention to the technical side: chart reading.
A couple of days a week, the Desktop is given over to market indicators, and Wednesdays belong to oil. Midweek, we highlight the key fundamental and technical indicators underlying crude oil and
A 9.0-magnitude earthquake rocked Japan on Friday March 11, prompting a 30-foot tsunami slamming the country’s northeast coast. Media reported that one major oil refinery was caught fire
With oil hitting highs last seen 2 1/2 years ago and gold and silver hitting all-time highs, broad market indices somehow managed a gain on the week. The battle for Libya continues, with much of
Martin Hutchinson: The unrest in the Middle East oil patch is roiling the global oil markets on an almost daily basis.
Crude oil market has been on a wild roller coaster ride ever since riots started escalating in Egypt and Libya. The latest Libyan supply disruptions sent WTI futures surging above $103 a barrel in
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
When I first started writing for Taipan Publishing Group, my newsletter was dedicated to commodities and commodity-based companies: gold, corn, uranium, miners, refiners, drillers
Thomas Carreno: I was contemplating a little bit the MACD of the monthly inflation rate chart I posted a few days ago this past weekend and it occurred to me after reflecting on the yearly portion
Kent Moors: 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
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%,
This is my last post on crude oil for a while, as I’m heading off to Mexico to look at a gold project. But I couldn’t leave without writing about crude oil one more time, for the simple reason that a
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.
Every week, when the U.S. Energy Department releases its petroleum inventory data, we take an in-depth look at the oil market, using several indicators measuring the industry’s health from a
U.S. oil inventories declined for the third straight week, according to the weekly status report released by the U.S. Energy Department this morning. Government data showed commercial stocks