In case of further escalation,…
Higher oil prices are expected…
We are beginning to see the first real signs of the global oil markets moving rapidly back into balance. OPEC, which produces approximately 40 percent of the world’s…
Data suggests that oil producers need prices in the $70-80 range to survive. That is unlikely in the next year or so. Without more timely price relief, the future looks…
Oil markets are only a few months away from a much closer balance as demand holds steady and supply drops off. Several reports from the three…
The dollar's gyrations remain a key source of inspiration for traders with the fundamental focus continuing to switch between falling U.S. and rising OPEC production,
The 70 percent rise in crude oil prices from the lows of $27.1 per barrel to a high of above $46/b in a matter of three…
Despite it being James Brown’s birthday (he would have been 83 today), and despite yesterday’s sell-off, oil prices are struggling to get up, get on up.…
Oil prices surged to their highest levels in six months on Wednesday as the Fed left interest rates unchanged. WTI jumped by 2.8 percent to $45.29…
Oil speculators are growing more confident that prices are gaining ground on the back of rising demand and shrinking supply. U.S. gasoline demand is at a…
Recent Commodity Prices Dynamics With commodity prices falling precipitously during the last 2 years it has been a hard time for both commodity market…
Late last week, just ahead of the Doha meeting, we reported that Iran's existing oil tanker armada, which until recently had been on anchor next to…
The Doha meeting turned out to be a complete wash, but still, the rumour and expectation leading up to the meeting produced a massive rebound in…
One hundred and nineteen years to the day after the first Boston marathon, and oil markets are running higher once more. Looking beyond Doha disappointments, the…
In a forex dealing room, where I got my start and my training, talking your book is a time honored tradition. In its simplest form it…
I follow oil pretty closely given our exposure. As such, I get frustrated with many press and news show accounts of the commodity. It gets worse…
Today, I’m going to try and tackle the reasoning for my ‘wild’ predictions for oil reaching triple digits by the end of 2017. While I…
Only two weeks remain until the fated meeting between the OPEC countries and their counterparts from outside the organization, scheduled to take place in the Qatari…
Today, I’m going to try and tackle the reasoning for my ‘wild’ predictions for oil reaching triple digits by the end of 2017. While I am…
This week, we’re going to focus on the technical chart pattern since the fundamentals have been beaten to death. By now we should all know that the world is oversupplied…
At a time when the Saudis are desperately trying to hang on to their dwindling market share, it is intriguing to consider exactly why Russia and…
Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least…