 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 174 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 14 mins | 2.753 | +0.018 | +0.67% |
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Girassol • 1 day | 89.90 | +0.45 | +0.50% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 6 hours | 76.01 | -0.55 | -0.72% | ||
|
Light Sour Blend • 6 hours | 79.06 | -0.55 | -0.69% | ||
|
Syncrude Sweet Premium • 6 hours | 86.01 | -0.55 | -0.64% | ||
|
Central Alberta • 6 hours | 76.41 | -0.55 | -0.71% |
|
Eagle Ford • 3 days | 79.33 | -0.29 | -0.36% | ||
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Oklahoma Sweet • 6 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 2 days | 73.50 | +0.50 | +0.68% | ||
|
Buena Vista • 3 days | 87.02 | -0.29 | -0.33% |
Breaking News:
Traders Became More Bullish on Oil As Middle East Risk Surged
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Rising Middle East Risk Sparks Fear of $100 Oil
In case of further escalation,…
Energy / Oil Prices
The Global Economy is Now More Vulnerable to Oil Prices than Ever
This paper examines the impact of oil price changes on global economic growth. Unlike some recent studies, this paper finds that oil price rises have had significant negative impacts on…
Crisis in Libya Shows the Effects of Production Downtimes
The spill-over of the political revolutions from the neighbouring countries to Libya and the resulting civil war have highlighted the threat caused by production downtimes in politically unstable countries. Although…
An Austrian School Of Economics Perspective
The Austrian School provides a new angle on the development of the oil price. We already discussed the oil price development from the perspective of the Austrian School of Economics…
Economic Consequences of the High Oil Price
The average January petrol price in the US set a new all-time-high. The high petrol price acts like an additional tax for US consumers. An increase of 10 cents per…
Does the Skyscraper Index Signal a Weaker Oil Price?
“The construction of skyscrapers that qualify as the “World’s Tallest Building” tends to coincide with major downturns in the economy” Mark Thornton The “skyscraper index” is a reliable warning signal…
Crude Oil Market Analysis for the Week of March 12, 2012
May Crude Oil futures posted a modest gain last week with better-than-expected U.S. economic news the catalyst behind the move. The market started out weak as follow-through selling fueled by…
Don't Factor Syrian Oil into Market Jitters
Conflicts in the Middle East and North Africa are likely dragging on broader economic recovery as oil prices move to relative highs. In Syria, any recovery in oil production will…
Why Europe is Experiencing Higher Oil Prices than the US
The world is presently sharing a limited supply of oil. When oil prices rise, oil production doesn’t rise very much, if at all.
Crude Oil Analysis for the Week of March 5, 2012
Weekly April crude oil posted a potentially bearish closing price reversal top last week. This formation typically leads to a 2 to 3 week break equal to at least 50…
The Reasons for High Oil Prices
Rising oil and gasoline prices are of concern to many people today. I see three basic issues involved: 1. “Stalled out” growth in world oil supply2. Concerns about Iran3. Artificially low…
Crude Oil Analysis for the Week of February 27, 2012
Crude oil surged last week to its highest level since May 2011. The close at $109.77 represents a $13.96 gain since bottoming at $95.81 on February 2. Not only did…
Prices of WTI and Brent Should Realign with a Gulf Coast Pipeline
The Keystone Gulf Coast Expansion Project is now entering its fourth year of regulatory review, and is currently on indefinite political hold. In the meantime, the market is…
What do the Recent Oil Price Highs Mean for Consumers at the Pump
Crude oil prices this week reached their highest level since last April. What will that mean for U.S. consumers at the gas pump? The first question to be clear on…
Overcoming High Oil Prices - Time to Stop Playing the Energy Victim
Our world is a ‘funk’—again over global oil price spikes caused by concerns about conflict between Iran and Israel drawing the US into a war, the continuing agony of…
How Closely are Oil Prices Tied to Economic Activity?
Recent developments in oil markets and the global economy have, once again, triggered concerns about the impact of oil price shocks around the world. This column wonders whether the fuss…
Crude Oil Analysis for the Week of February 20, 2012
The inability to penetrate a major 50 percent price level at $95.13 helped form a new bottom at $95.81 on the April Crude Oil weekly chart. With two main bottoms…
Crude Oil Analysis for the Week of February 6, 2012
March Crude Oil closed lower last week after posting an expanded range. The market continued its downslide that began five weeks ago when it topped out at $103.90. Heavy selling…
What Affect Will High Oil Prices Have on the 2012 Election
If current trends continue, gasoline prices and U.S. energy policy seem destined to play a larger role in the political debate prior to the November elections than ever before. Gasoline…
Crude Oil Market Forecast for the Week of January 30, 2012
March crude oil closed higher last week after the Fed announced it would keep interest rates at ultra-low levels until late-2014. The news helped trigger a short-covering rally which turned…
Peak Oil Crisis Being Compounded by Refinery Closures
Here is one more thing for those of us who live in the North Eastern U.S. to start worrying about - the refineries that make our gasoline, diesel, heating oil,…
