But back home, the oil [...]
But back home, the oil [...]
By Brad Zigler
Recently, in response to our article on the gold/oil ratio ("What's The Gold/Oil Ratio Telling Us?"), a reader puzzled over the relationship of gold to oil and natural gas. "With natural gas so cheap in comparison to oil currently," he noted, [...]
Russia's oil output increased 1.0 percent to 493 million tons this year, with oil exports at 247.4 [...]
The action of the CRB Spot Raw Industrials index and long dated US Treasuries suggest that this is a fantastic buying opportunity for crude oil, gold and silver and the broad commodity group in general! Yes we are well aware of the recent weakness in crude and [...]
By Bryan McCormick
The price of crude oil has fallen below a key support level we highlighted in an article from Wednesday's pre-market.
The VIX bounced off its 50 DMA to finish over 4% lower as investors re-evaluate the amount of exposure they have to the risk trade.
Crude oil fell 2% as inventories made an unexpected jump. The energy ETF saw some very active institutional trading:
After failing to cruise past the $80 level in recent weeks, crude oil has drifted lower toward the $70 mark. A report Wednesday (December 9) that indicated an unexpected drop in US crude supplies helped push the price of a barrel of crude oil back above $73 [...]
Nearby crude oil futures climbed to nearly $74 a barrel in overnight trading after an industry report showed U.S. supplies were likely to decline. The drawdown predicted by the American Petroleum Institute surprised traders, fostering optimism about increasing domestic fuel demand.
By Bryan McCormick
Crude oil had been a great performer earlier this year, breaking out in mid-October and heading for the $95 area, but it began to turn down after failing to make much progress above $80.
By Andrew Willis
Canadian Oil Sands Trust (COSWF.PK) may face competition for a coveted 9% stake in the Syncrude oil sands project, as pension funds are rumoured to be in talks with potential vendor ConocoPhillips ([...]
Konrad Imielinski submits: Crude oil prices have risen from $44.76 to $77.28 (up $32.52, 72.65%) between March and November.
Nine-Month Chart:
T. Boone Pickens made headlines in 2008 with his “Pickens Plan” for American energy independence. The plan, which consisted of a combination of wind farms and greater use of natural gas, was unveiled as crude oil prices reached an all time peak. At the time, natural [...]
Thamir Ghadhban, adviser to Iraq's prime minister and a former oil minister, told an industry conference that he [...]
Chinas third-largest oil company may expand its output in the area to 20 million cubic meters [...]
The team over at MarketClub just released two new technical analysis videos. You can check out the video on crude oil here and then the video on Apple here. Starting with crude oil first, Adam has identified a pattern where oil actually pulls back every [...]
By Andrew Willis
There’s a deafening silence surrounding ConocoPhillips (COP) as the U.S. oil company fields offers for its stake in the Syncrude oil sands property.
Some people arbitrarily speak about oil as if it is a single, indistinguishably homogenous substance without any unique differentiation, but this is actually not the case at all! In fact, there are many different kinds of oil.
In its natural, unrefined state, crude oil ranges in density and consistency, from very [...]
"Iran is one of the world's major oil producers and any cut in Iran's supply of crude will, undoubtedly, cause prices to surge," the semi-official Mehr news' [...]
Pirates fired automatic weapons at the Sikinos and its crew of [...]
The Greece-flagged Maran Centaurus was hijacked Sunday [...]
With U.S. oil production averaging 5.268 million barrels per day (b/d) through October, the gain in U.S. output will be the most since the country [...]
NEW YORK/LONDON (Reuters) - Offshore crude storage, which has declined sharply from record levels in April, may rise again in the U.S. Gulf as front-month U.S. oil futures trade at a steep discount to barrels for later delivery.
The volume of crude oil stored in tankers globally has dipped to between [...]
By Brad Zigler
Investors often complain about being blindsided by sudden shifts in market momentum. Well, investors, take a gander at the crude oil futures chart and see if you can see a big red momentum flag.
A recent report about undue pressure by the United States on the Paris-based International Energy Agency, IEA, to distort crude oil projection figures is rather unsettling. The report, citing a whistleblower at IEA, indicated that the United States influenced the agency to underplay data, which indicated imminent, crude oil [...]
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