 |
Louisiana Light • 4 days | 87.09 | +0.49 | +0.57% | ||
|
Bonny Light • 1 day | 88.20 | -0.49 | -0.55% | ||
|
Opec Basket • 4 days | 87.52 | +0.17 | +0.19% | ||
|
Mars US • 172 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.660 | -0.026 | -0.95% |
|
Bonny Light • 1 day | 88.20 | -0.49 | -0.55% | ||
|
Girassol • 1 day | 88.64 | -0.56 | -0.63% | ||
|
Opec Basket • 4 days | 87.52 | +0.17 | +0.19% |
|
Peace Sour • 8 hours | 75.10 | -0.32 | -0.42% | ||
|
Light Sour Blend • 8 hours | 78.15 | -0.32 | -0.41% | ||
|
Syncrude Sweet Premium • 8 hours | 85.10 | -0.32 | -0.37% | ||
|
Central Alberta • 8 hours | 75.50 | -0.32 | -0.42% |
|
Eagle Ford • 4 days | 79.62 | +0.41 | +0.52% | ||
|
Oklahoma Sweet • 4 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 6 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 5 days | 86.90 | +0.04 | +0.05% |
Geopolitical Tensions Fail to Spark Oil Price Surge
The fluctuating prices in response…
Rising Middle East Risk Sparks Fear of $100 Oil
In case of further escalation,…
Energy / Oil Prices
Lower Oil Prices
Like a roller coaster ride, 2011 saw oil prices climb gradually, only to fall dramatically this last week. Here I offer my thoughts on some of the key contributing factors.…
As Oil Drops below $100 Motorists Wonder When Gas Prices Will Fall
Who says miracles can’t happen? After four straight days of steady decline, crude oil prices finally plummeted by nearly 9 percent on Thursday to US$99.80 a barrel – the first…
Will Politicians Listen to the Message Being Delivered by High Oil Prices
If you read many of the pieces I write here you will soon notice that I am convinced that this country, and most of the civilized world, has a problem…
The Indirect Effects of High Oil Prices
Rising oil prices usually promote a negative reaction from most people. While there are definite disadvantages to high oil prices, there are some indirect effects that aren’t necessarily good or…
Gloves Are Off as Big Banks Disagree on Oil Price Outlook
Goldman Sachs surprised the market when the investment bank advised its clients on Monday, April 11 to liquidate the "CCCP basket" for a 25% profit. The bear call was partly…
A Possible Solution to Sudden Oil Price Spikes
One of my recent essays discussed the relationship between high oil prices and recession. Consumers who suddenly find themselves paying more for fuel are hit with the equivalent of…
Differences in the Price of Oil: Brent-WTI Spread
The puzzling differential between the price of oil in different markets seems to be persisting. For most of the last decade, there was very little difference between the price of…
Expect Wide Swings in Oil Prices and Increasing Volatility
The reasons for oil to keep rising are well known--perhaps too well known. Let's look at some charts to illustrate the swirling currents in the global oil market. Why do…
Are High Oil Prices Due to Fundamentals or Speculation - Part 2
Not all commentators are convinced the speed of oil price rises or the heights to which they have risen are purely down to fundamentals. Since 2003 the value of the…
Oil Price and the Strategic Petroleum Reserve
At a press conference on March 11, President Obama indicated that a plan was 'teed up', and that he would move quickly to tap the Strategic Petroleum Reserve (SPR), if…
The Vicious Circle of Oil Price Induced Recessions
Former Secretary of Labor Robert Reich recently warned that the U.S. is likely headed back into recession: The Economic Truth That Nobody Will Admit: We’re Heading Back Toward a…
Are High Oil Prices Due to Fundamentals or Speculation (Part 1)
The oil price has been relentlessly rising, widely seen as being driven by a mix of fundamentals such as Asian demand exceeding supply, and fear of supply disruption caused in…
Detailed Commentary on the Current Price of Oil
Political tensions in the Middle East once again remind us of the fragile dependency of the Western nations on imported petroleum, which have driven the price of a barrel of…
Are Corn Prices Indicating that $140 Brent Crude is on the Way?
Good article on corn this morning by Smart Money Europe (Zero Hedge link). The bottom line is that corn is sitting at a two year high. Reading SME you…
WTI April Rollover Cycle to Test Oil Speculators
The United States Oil Fund (USO), and exchange traded fund (ETF) tracking the performance of WTI (West Texas Intermediate) crude oil futures contract, starts its 4-day position rolling on Tuesday,…
USA to Sue OPEC Members over High Oil Prices
High grade crude for gulf delivery hit the highest price since the spring of 2008 this morning. This is the raw material for gasoline, so look for another big spike…
High Oil Prices Leading to More Energy Options
For the US, the huge and growing alternative to crude oil is Canada's oil sands. New mines and refineries are being installed in Canada, and new pipelines are being built…
Cushing Storage Maxed Out: U.S. Crude Oil To Hit $90 in a Month
Crude oil prices have been seesawing between the news coming out of Libya and rising inventories in the U.S. Crude oil stocks at Cushing, Oklahoma rose to a record 41.9…
Oil Price Shocks and Monetary Policy
Inflation rates are rising in the world's major economies. The consumer price index rose by half a percent in the United States in February, equivalent to an annual rate of…
A Look at the Connection Between Oil Price Shocks and Recessions
I want to bring to the attention of readers a recent paper by James Hamilton, called Historical Oil Shocks (also here as a National Bureau of Economic Research…
