There are several bullish factors…
Big Oil reported record breaking…
February Crude Oil confirmed its weekly closing price top at $103.28 with its sell-off through the last minor bottom at $95.16 and a key 50 percent level at $95.15. In…
The results of OPEC’s latest meeting to set oil production quotas were on Thursday last week. Instead of production targets for individual countries, a group production ceiling of 30 million…
January Crude Oil futures had a strong surge on Friday, but still managed to close lower for the week. Renewed buying helped prices rise for the first time after three…
January crude oil finished sharply higher last week. The rally was primarily driven by greater demand for risky assets fueled by a weaker Dollar and stronger equity markets. The market…
January Crude Oil closed lower for the second consecutive week but losses could have been worse if not for a strong comeback on Friday. The primary reason for the weakness…
Back in February, I wrote a post called Why are WTI and Brent Prices so Different? In it, I talked about a number of issues, including pipeline issues, contributing…
The following is a lengthy essay explaining why I would approve the Keystone pipeline despite finding myself on the side of those concerned over the negative environmental impact of tar…
The price of West Texas Intermediate has risen almost $10 a barrel since the start of September, and briefly bumped back above $100 a barrel this week. Here's why I…
January Crude Oil futures succumbed to selling pressure last week, reaching a high at $103.37 and forming a closing price reversal top. Once confirmed, this pattern often leads to a…
January Crude Oil finished sharply higher for the week, settling well above a key 50% support at $95.29, but below 61.8% resistance at $99.99. Additional Gann angle support is at…
I gave a talk on expected financial implications of the oil limits that we are now reaching at a recent meeting of the Association for the Study of Peak Oil-USA.…
Crude oil reached a three-month high on Friday after the U.S. Labor Department reported that the unemployment rate declined to 9 percent in October, less than the 9.1 percent median…
The International Monetary Fund released its most recent World Economic Outlook in September 2011. The economic growth forecasts in this outlook, like any other of its past outlooks, are…
December Crude Oil futures posted a huge gain last week. The rare combination of technical factors and strong fundamentals helped to drive the market higher. Based on the strong close,…
December Crude Oil futures closed higher for the third consecutive week. This statement is a little deceiving since this market was down three out five days. Thursday’s close put the…
David Cameron describes the economic downturn as "no normal recession" UK Prime Minister David Cameron to party conference, 5th October 2011. This is the fourth post in the series following…
Last week December Crude Oil surged to the upside after confirming the previous week’s closing price reversal bottom at $75.15. Although the move was impressive, the main trend remains down…
December Crude Oil closed higher for the week after reversing earlier weakness. The market stopped breaking at 75.15, slightly above the May 2010 bottom at 75.01. Although the price was…
November crude oil futures finished the week slightly lower on fears that slowing global economic growth will curtail demand. Not only was the week lower, but the quarterly loss was…
November Crude Oil finished sharply lower this week in a move driven by the U.S. Federal Reserve’s assessment of the economy. On Wednesday, September 21, the Fed stated in its…
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