 |
Louisiana Light • 2 days | 86.68 | -2.47 | -2.77% | ||
|
Bonny Light • 19 hours | 88.73 | -1.64 | -1.81% | ||
|
Opec Basket • 2 days | 89.64 | -0.54 | -0.60% | ||
|
Mars US • 167 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 18 mins | 2.707 | -0.007 | -0.26% |
|
Bonny Light • 19 hours | 88.73 | -1.64 | -1.81% | ||
|
Girassol • 19 hours | 89.30 | -1.63 | -1.79% | ||
|
Opec Basket • 2 days | 89.64 | -0.54 | -0.60% |
|
Peace Sour • 9 hours | 75.35 | -2.68 | -3.43% | ||
|
Light Sour Blend • 9 hours | 78.40 | -2.68 | -3.31% | ||
|
Syncrude Sweet Premium • 9 hours | 85.35 | -2.68 | -3.04% | ||
|
Central Alberta • 9 hours | 75.75 | -2.68 | -3.42% |
|
Eagle Ford • 2 days | 79.17 | -2.67 | -3.26% | ||
|
Oklahoma Sweet • 2 days | 79.25 | -2.50 | -3.06% | ||
|
Kansas Common • 2 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 2 days | 86.86 | -2.40 | -2.69% |
Breaking News:
Traders Became More Bullish on Oil As Middle East Risk Surged
The crude oil net long…
Wall Street Remains On The Sidelines as Oil Jumps to $90
Most Wall Street analysts have…
Energy / Oil Prices
Oil Price Could Doom Obama
Like death and taxes, the price of oil is always with us. And like taxes, it may be President Barack Obama’s worst nightmare at election time next year. Among forecasters,…
A Recent History of Oil Prices ... History About to Repeat Itself?
The price of oil has oscillated from an all-time hike of almost $150 a barrel to a low of $30, hand in hand with the credit-crunch and the inextricable economic…
Rising Oil Prices and Municipal Bond Defaults
I have written quite often saying that rising oil prices can be expected to lead to debt defaults. For a while, some of this was hidden through lower oil prices…
The Dangerous Bubble in Commodity and Oil Prices
Right now, the printing of trillions of dollars by the Federal Reserve is creating another financial bubble. It is supported only by deficit spending, borrowing, and money-printing. Nothing else is…
High Oil Prices Will Lead to an Oil Exploration Boom in 2011
Oil is like any other commodity: if price go up, people will produce more of it to sell. Despite the bleatings of peak oil sheep, oil companies are responding to…
Understanding the Oil Markets in 2010
I'm starting to think that the oil markets in 2010 are just a more chaotic version of the markets as they were in 2007. You will recall that in 2007…
Oil Prices Riding the Wave of Investor Uncertainty
“Very little of the recent price rise has really been down to the improving supply-demand balance,” said Matt Parry, senior oil consultant at KBC Process Technology Ltd. Instead, most of…
Contemplations on Oil
After a tumultuous 2009, oil has been one of the least volatile assets of 2010, confined to a tortuous $68-$88 range, frustrating momentum players to no end. How many city…
Prediction for the Next Oil Price Shock
Having done some analysis, I've decided to postpone my projection for the next oil price shock. I have moved the date from 2012 ± 1 year to 2013 ± 1…
Weaker Dollar Propels Oil Higher Amid Mixed Economic News
Oil Market Summary for 09/20/2010 to 09/24/2010. Crude oil prices battled their way to a gain for the week as worries about the economy warred with the upward pressure from…
Worries About Consumer Demand, Deflation Drive Down Oil Prices
Oil Market Summary for 09/13/2010 to 09/17/2010. Flagging consumer sentiment and renewed concern about deflation sent oil prices into the doldrums this week, as prices dropped 1.2% on Friday to…
Could Oil Prices Sink to $20 a Barrel
A barrel of oil has about six times the energy content of a thousand cubic feet of natural gas. The graph below compares the dollar price of a barrel of…
Why Oil Prices Aren’t Dropping
I saw a humorous story a few days ago: Oil Should Be Around $10 a Barrel The price of a barrel of oil would be closer to $10 if…
Market Seizes on Bullish News to Push Oil Prices to Gain For Week
Oil Market Summary for 09/06/2010 to 09/10/2010. An uneasy market seized on an upward revision in crude oil demand this year and other bullish news to push oil prices up…
Oil Prices Buffeted in Narrow Range But End Week Little Changed
Oil Market Summary for: 08/30/2010 to 09/03/2010. Oil prices continued to move basically sideways as bullish and bearish news buffeted prices up and down in a narrow range. The benchmark…
Bernanke Pledge on Economy Gives Some Relief to Oil Prices
Oil Market Summary for 08/23/2010 to 08/27/2010. Oil prices recovered some lost ground Friday after Federal Reserve chairman Ben Bernanke said the Fed stands ready to do whatever it takes…
Oil Prices Spiral Downwards as Economic Gloom Intensifies
Oil Market Summary for 08/16/2010 to 08/20/2010 Crude oil prices continued their downward spiral during the week as new data confirmed that U.S. economic growth is slowing. The benchmark West…
Oil Fundamentals and The Oil Future
In the next edition of my energy economics textbook, I rehash and augment my interpretation of various controversies having to do with fundamentals’ versus speculation (i.e. gambling) when considering the…
Crude Oil Prices Fall Below $80 Again as Officials Anticipate Slower Growth
Oil Market Summary for 08/09/2010 to 08/13/2010 Crude oil prices slumped below $80 a barrel again this week as the Federal Reserve and other official forecasters took a dimmer view…
Peak Oil: Why a Supply Crunch Can Lead to lower Oil Prices
There seems to be an on-going debate among peak oilers and many economists as to which came first, the chicken (peak supply flow) or the egg (peak demand). The first…
