• 5 minutes Mike Shellman's musings on "Cartoon of the Week"
  • 11 minutes Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 17 minutes WTI @ 67.50, charts show $62.50 next
  • 2 days The Discount Airline Model Is Coming for Europe’s Railways
  • 17 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 1 day Pakistan: "Heart" Of Terrorism and Global Threat
  • 11 hours Renewable Energy Could "Effectively Be Free" by 2030
  • 4 hours Starvation, horror in Venezuela
  • 12 hours Saudi Fund Wants to Take Tesla Private?
  • 1 day Venezuela set to raise gasoline prices to international levels.
  • 24 hours Are Trump's steel tariffs working? Seems they are!
  • 2 days WTI @ 69.33 headed for $70s - $80s end of August
  • 2 days Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 5 hours China goes against US natural gas
  • 1 day Corporations Are Buying More Renewables Than Ever
  • 6 hours Why hydrogen economics does not work
Alt Text

Cracks In Global Economy Weigh On Oil Markets

Oil prices fell this week…

Alt Text

Are The Saudis Involved In The Tesla Buyout Plan?

Saudi Arabia’s Public Investment Fund…

Alt Text

China’s Oil Futures Jump To Record High

China’s Yuan denominated crude futures…

Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

More Info

Trending Discussions

Why Brexit, Bombs And Trump Can’t Move Oil Prices

Iraq Oil Field

2017 hasn’t seen much volatility in oil prices, something we might not have expected with a new administration, a change in Fed policy, Brexit and a hundred other smaller events this year. So, what’s left to move oil prices, if the most common inputs aren’t having much impact?

Normally large global trends of production, OPEC plans, rumors of war and actual hostilities will have a significant impact on prices. In recent days, however, we’ve seen a large tomahawk missile strike on Syria and a use of the “Mother of all Bombs” in Afghanistan, with nary a quiver out of oil prices.

What tends to impact oil prices more than anything else – at least when other inputs are being discounted – is the movement of money in and out of futures markets. Those bets represent what players with a real financial interest think about future oil prices. Further, those bets are not just an indication of how financial players are thinking, they can be a primary indicator of what the next intermediate (and even long-term) move on oil prices will be.

This was one of the main theses of my first book - Oil’s Endless Bid. At the time of its publication, this idea was scoffed at by virtually every oil analyst out there. Today, measuring the financial motion of speculative money in and out of oil futures is considered a necessary tool for anyone trying to gauge oil’s next move.

But take care: Intense bets that oil will rise…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News