 |
Louisiana Light • 4 days | 89.16 | +0.62 | +0.70% | ||
|
Bonny Light • 1 day | 91.29 | -2.25 | -2.41% | ||
|
Opec Basket • 1 day | 89.57 | -1.20 | -1.32% | ||
|
Mars US • 165 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 10 mins | 2.801 | +0.017 | +0.60% |
|
Bonny Light • 1 day | 91.29 | -2.25 | -2.41% | ||
|
Girassol • 1 day | 91.81 | -2.21 | -2.35% | ||
|
Opec Basket • 1 day | 89.57 | -1.20 | -1.32% |
|
Peace Sour • 7 hours | 78.61 | -0.25 | -0.32% | ||
|
Light Sour Blend • 7 hours | 81.66 | -0.25 | -0.31% | ||
|
Syncrude Sweet Premium • 7 hours | 88.61 | -0.25 | -0.28% | ||
|
Central Alberta • 7 hours | 79.01 | -0.25 | -0.32% |
|
Eagle Ford • 1 day | 81.89 | -0.25 | -0.30% | ||
|
Oklahoma Sweet • 1 day | 81.75 | -0.25 | -0.30% | ||
|
Kansas Common • 4 days | 76.00 | -5.50 | -6.75% | ||
|
Buena Vista • 4 days | 89.36 | +0.64 | +0.72% |
Breaking News:
The Rare Metal Keeping Biden and Xi Awake at Night
Canada's eviction of Chinese investors…
Over 20% of the World’s Oil Refining Capacity Is at Risk of Closure
Wood Mackenzie has said that…
Energy / Oil Prices
Oil Prices and the Fall of the Soviet Union
Back in the 1960s and 1970s, the country that was the “big growth story” was the Soviet Union. Its oil consumption grew by leaps and bounds. Its space program grew;…
Why Falling Oil Prices are NOT a Reason to Celebrate
Normally, consumers consider falling oil and gasoline prices to be good news. They have to pay less to fill up their tanks. And if the reason for that is that…
Crude Oil Analysis for the Week of August 8, 2011
September crude oil reaffirmed its weekly downtrend last week on the trade through the late June bottom at 90.17. Besides trading lower for the year, crude oil also took out…
Why High Oil Prices will Make the Next Debt Crisis Even Worse
Most people assume that the mismatch between US federal government revenue and expenses will go away, with enough time. All that is needed is a little “patch” now, and some…
U.S. Growth Fears Push Crude Oil Futures Close to Five Week Low
Crude oil futures traded close to a five-week low on Wednesday, fluctuating between small gains and losses as concerns that the U.S. economic recovery was faltering weighed on future demand…
Debt Ceiling Agreement Pushes Crude Oil Prices Higher
Crude oil futures were up on Monday, recouping steep losses from the previous session as fears over a possible U.S. default eased after the White House announced an agreement to…
Crude Oil Analysis for the Week of August 1, 2011
September Crude Oil futures declined 1.8% to $95.70 on Friday after a weaker than expected U.S. GDP report signaled the economy may be growing at a slower than expected pace.…
Slowdown in Demand Pushes Crude Oil Prices Lower
Crude oil futures edged lower on Wednesday, as negotiations to raise the U.S. debt ceiling remained deadlocked and after industry data showed that U.S. crude supplies rose by the most…
Crude Oil Analysis for the Week of July 25, 2011
September Crude Oil futures finished the week at a six-week high, slightly below the psychological $100 level. The late session rally on Friday was driven by demand for crude oil…
Crude Oil Futures Approach Two Week High
Crude oil futures erased losses on Thursday, re-approaching a two-week high as optimism European leaders would reach an agreement to solve the region’s debt crisis boosted demand for riskier assets.…
Strong Housing Data Helps Extend Crude Oil Gains
Crude oil futures extended gains on Tuesday, jumping to a three-day high after stronger-than-expected U.S. housing data boosted future demand expectations from the world’s largest oil consumer. On the New…
Chevron Data Proves Oil Companies NOT Speculators are Driving up Oil Prices
Some poor wally over at Chevron accidentally released the company’s crude/distillate trading results for the year. An effort was made by the company to squash the information. Dow-Jones said, "the…
Crude Oil Analysis for the Week of July 18, 2011
September Crude Oil markets had a rocky week but still managed to close up despite another rejection of the psychological $100 per barrel level. Although the market see-sawed at times…
Crude Oil Futures Up for the Day as Unemployment Applications Fall
Crude oil futures extended gains on Thursday, climbing to a fresh daily high after official data showed that new applications for U.S. unemployment benefits fell to the lowest in three-months…
IEA's Efforts to Ease High Oil Prices Fails
In recent weeks, the International Energy Agency (IEA) decided to release 60 million barrels of member states’ oil reserves into the world market in what it called an effort to…
Crude Oil Analysis for the Week of July 11, 2011
After forming a two-week support base between a pair of retracement levels at $94.98 and $90.13, August Crude Oil surged early last week, triggering a quick rally into a steep…
Crude Oil Futures Maintain Gains Following EIA Inventory Data
Crude oil futures maintained gains on Thursday, trading near a three-week high after a government report showed that U.S. crude oil inventories fell less-than-expected last week, while gasoline stockpiles declined…
Crude Oil Mid-Week Analysis for the Week of July 4, 2011
After a two-day consolidation, August crude oil surged to the upside. The rally was set up by last week’s closing price reversal bottom at 89.61 and penetration of several technical…
Thinly Traded Crude Oil Futures Trim Gains
Crude oil futures trimmed gains in holiday-thinned trade on Monday, easing off a two-day high after the U.S. dollar erased losses against the euro following a warning by ratings agency…
The Oil Price Closely Observed
When recently asked why the (West Texas Intermediate) oil price at the end of June (2011) had declined from 112 dollars per barrel (=$112/b) to almost 90$/b in a fairly…
