 |
Louisiana Light • 2 days | 81.37 | -1.36 | -1.64% | ||
|
Bonny Light • 21 hours | 85.58 | -0.28 | -0.33% | ||
|
Opec Basket • 2 days | 83.45 | -1.86 | -2.18% | ||
|
Mars US • 4 hours | 76.42 | +1.12 | +1.49% | ||
|
Gasoline • 7 hours | 2.544 | +0.045 | +1.78% |
|
Bonny Light • 21 hours | 85.58 | -0.28 | -0.33% | ||
|
Girassol • 21 hours | 85.10 | -0.28 | -0.33% | ||
|
Opec Basket • 2 days | 83.45 | -1.86 | -2.18% |
|
Peace Sour • 20 hours | 72.15 | -1.78 | -2.41% | ||
|
Light Sour Blend • 20 hours | 73.45 | -1.78 | -2.37% | ||
|
Syncrude Sweet Premium • 20 hours | 82.40 | -1.78 | -2.11% | ||
|
Central Alberta • 20 hours | 71.75 | -1.78 | -2.42% |
|
Eagle Ford • 2 days | 74.38 | -1.78 | -2.34% | ||
|
Oklahoma Sweet • 2 days | 74.50 | -1.75 | -2.30% | ||
|
Kansas Common • 6 days | 71.25 | +0.75 | +1.06% | ||
|
Buena Vista • 2 days | 81.31 | -1.78 | -2.14% |
Why Oil Won’t Trade Above $100 This Year
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Why Middle East Producers Cut Prices In The Face Of Soaring Chinese Oil Demand
There are several bullish factors…
Energy / Oil Prices
Crude Oil Prices Remain Under Pressure After Dipping Below $70 a Barrel in Week
Oil Market Summary for 05/17/2010 to 05/21/2010 Crude oil prices ended just above $70 a barrel on Friday after dipping below that threshold earlier in the week. The benchmark June…
Psychological Plunge in Oil Prices Makes OPEC Nervous, Official Says
The plunge in oil prices in the wake of the euro crisis has OPEC worried. Qatar oil minister Abdullah bin Hamad Al Attiyah emerged as an unofficial spokesman for the…
Oil Prices Drop Further in Week as Euro’s Travails Continue
Oil Market Summary from: 05/10/2010 to 05/14/2010 Crude oil prices plunged nearly 4% on Friday and were off almost 20% from their 18-month high less than two weeks ago, as…
An Update to the Oil "Head-Fake" Scenario
With the world teetering on the edge of another global financial meltdown, it's a good time to revisit my May 2008 Oil "Head-Fake" Scenario. In May 2008 I proposed the…
Cheap Oil: The Engine of America
The foundation of the American lifestyle and economy is cheap oil. Remove that prop and every aspect of that lifestyle becomes questionable. Not to sound too cinematic, but everywhere I…
How to avoid Oil Price Volatility
From 1949 until 1973, the average annual price of oil fluctuated within a 7% band, but from 1981 through 2009 the variation leapt to almost 10 times that amount. A…
Crude Oil Plunges as Turbulence Rocks Financial Markets
Oil Market Summary for: 03/05/2010 to 07/05/2010 In a week of market turmoil resulting from Greece’s fiscal crisis, oil went from an intraday high above $87 on Monday – its…
Economic Data, Oil Spill Push Crude Prices Higher at End of Week
Oil Market Summary for: 04/26/2010 to 04/30/2010 Stubbornly high crude oil inventories continued to stymie bulls through the middle of the week, but the market seized on positive economic data…
Speculation Affects Oil Prices but New CFTC Limits May Not Stop It, Survey Finds
Almost three-quarters of top oil industry participants surveyed by Reuters feel that financial speculation contributes to oil price volatility, but many of them think new regulations to curb speculation may…
Is Gasoline Set to Double in Price? Why do So Few People Seem to Care
Human beings resist change until there is no other choice, and then they adapt and habituate rather quickly. Human beings are remarkably adept at short-sightedness and denial. 100,000 years of…
U.S. Housing Data Spurs Late Gains in Oil Prices after Mixed Week
Oil Market Summary for 04/19/2010 to 04/23/2010. After languishing most of the week, crude oil prices galloped to the finish line on Friday, tacking on 1.7% and recouping most of…
Is Crude Oil Set for a Price Spike?
Crude futures ended at their lowest point this month Friday, as investors fled riskier assets after regulators charged Goldman Sachs with fraud. West Texas Intermediate (WTI) crude for May delivery…
SEC Charge Against Goldman has Volcanic Impact on Energy Markets
Oil Market Summary for 04/12/2010 to 04/16/2010. Oil prices plunged on Friday after the U.S. Securities and Exchange Commission charged Goldman Sachs with fraud in its marketing of certain subprime…
Do Rising Oil Prices Threaten the Economic Recovery?
Ten of the 11 recessions in the United States since World War II have been preceded by a sharp increase in the price of crude petroleum. Oil had been…
High Inventories Keep Crude Oil Prices from Advancing on Week
Oil Market Summary for 04/05/2010 to 04/09/2010. Crude oil prices ended the week virtually unchanged from a week ago as optimism about demand warred with trepidation about historically high inventories…
Crude Prices Surge in Week, but Jobless Figures May Dampen Rise
Oil Market Summary for 03/29/2010 to 04/02/2010 In a week shortened by a holiday, crude oil futures reached an 18-month high, but U.S. jobless data released on Friday while commodities…
Good Day for Oil and Gas Companies as US East Coast Officially Opens for Drilling
On wednesday, the Obama administration announced comprehensive new regulations on offshore oil and gas drilling. Potentially opening some significant new acreage previously off limits to the petroleum industry. Under the…
OPEC Adding to Capacity Amid Concern Supply will Dampen Oil Prices
OPEC member countries have resumed work on 35 new projects that will increase production capacity by 5 million barrels a day, adding to concerns that the increasing world capacity will…
Flaws in Weekly EIA Inventory Reports
"The numbers in this report can't be right -- and yet the market is reacting to them!" -- there's a complaint we've heard so many times about USDA reports, but…
Oxford Study Sparks New Round of "Peak Oil" Debate
The debate about “peak oil” flared up again following a new report from Oxford University claiming that conventional oil reserves are inflated by a third and that added reserves from…
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