 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
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Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
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Opec Basket • 2 days | 87.35 | -2.29 | -2.55% | ||
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Mars US • 169 days | 77.67 | -1.57 | -1.98% | ||
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Gasoline • 13 hours | 2.710 | -0.003 | -0.13% |
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Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
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Girassol • 1 day | 89.20 | -0.10 | -0.11% | ||
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Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
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Peace Sour • 20 hours | 75.30 | -0.05 | -0.07% | ||
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Light Sour Blend • 20 hours | 78.35 | -0.05 | -0.06% | ||
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Syncrude Sweet Premium • 20 hours | 85.30 | -0.05 | -0.06% | ||
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Central Alberta • 20 hours | 75.70 | -0.05 | -0.07% |
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Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
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Oklahoma Sweet • 2 days | 79.25 | +0.00 | +0.00% | ||
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Kansas Common • 3 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 3 days | 86.86 | -2.40 | -2.69% |
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
Economic Growth Being Choked by High Oil Prices and Falling Supply
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 Analysis for the Week of November 7, 2011
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…
Oil Prices and IMF Growth Forecasts
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…
Crude Oil Analysis for the Week of October 31, 2011
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,…
Crude Oil Analysis for the Week of October 24, 2011
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…
This is no Normal Recession: Are we Prepared for $100 Oil
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…
Crude Oil Analysis for the Week of October 17, 2011
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…
Crude Oil Analysis for the Week of October 10, 2011
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…
Crude Oil Analysis for the Week of October 3, 2011
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…
Crude Oil Analysis for the Week of September 26, 2011
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…
Changing Behavior of Crude Oil Futures Prices
I've just finished a new research paper with my former student (and now University of Chicago Professor) Cynthia Wu. In our new paper, we study how increased purchases of…
Crude Oil Prices Drop Ahead of federal Reserve Meeting
Crude oil futures edged lower on Wednesday, as traders positioned themselves ahead of the outcome of the Federal Reserve’s monetary policy meeting later in the day and a government report…
Crude Oil Analysis for the Week of September 19, 2011
What promised to look like a bullish week on Tuesday, failed as the rally in November Crude Oil fizzled with a series of narrow trading days. The trading action became…
Crude Oil Analysis for the Week of September 12, 2011
November Crude Oil finished the week slightly better after ping-ponging between a pair of Gann angles at $87.39 and $86.61. Volatility was also high, helping to form an outside move…
Brent Versus WTI - Why so Wide
We set another record yesterday. This one has me scratching my head. The Brent WTI spread widened to $27.22. That’s never been seen before. There are some partial explanations for…
An Update on My Oil Short
Will everyone please take a look at the chart below for the United States Oil Fund ETF (USO) and tell me if you don’t see a downtrend? Because if it…
Crude Oil Analysis for the Week of September 5, 2011
Crude Oil futures fell on Friday after the U.S. released a dismal jobs report, but still managed to close slightly better for the week. The reaction by traders strongly suggests…
Fundamentals, Speculation, and Oil Prices
I was in Washington DC last week, arriving right after the earthquake and getting out of town just before Irene, to attend a conference on commodity markets at the Commodity…
Crude Oil Analysis for the Week of August 29, 2011
October Crude Oil posted an inside week but still managed to close higher. The inside pattern often indicates impending volatility because of the compression of the daily ranges. Since the…
Crude Oil Analysis for the Week of August 22, 2011
October Crude Oil futures fell last week on perceptions that the economic recovery in the U.S. remains sluggish. As the week wore on, disappointing U.S. economic reports continued to reveal…
