 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 23 hours | 89.32 | +0.45 | +0.51% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 173 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.737 | +0.003 | +0.09% |
|
Bonny Light • 23 hours | 89.32 | +0.45 | +0.51% | ||
|
Girassol • 23 hours | 89.90 | +0.45 | +0.50% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 22 hours | 76.56 | +1.46 | +1.94% | ||
|
Light Sour Blend • 22 hours | 79.61 | +1.46 | +1.87% | ||
|
Syncrude Sweet Premium • 22 hours | 86.56 | +1.46 | +1.72% | ||
|
Central Alberta • 22 hours | 76.96 | +1.46 | +1.93% |
|
Eagle Ford • 3 days | 79.33 | -0.29 | -0.36% | ||
|
Oklahoma Sweet • 6 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 2 days | 73.50 | +0.50 | +0.68% | ||
|
Buena Vista • 3 days | 87.02 | -0.29 | -0.33% |
Reuters Estimates: Russian Oil and Gas Revenue to Double in April
Higher oil prices are expected…
Traders Became More Bullish on Oil As Middle East Risk Surged
The crude oil net long…
Energy / Oil Prices
Crude Oil Prices Fall Below $80 Again as Officials Anticipate Slower Growth
Oil Market Summary for 08/09/2010 to 08/13/2010 Crude oil prices slumped below $80 a barrel again this week as the Federal Reserve and other official forecasters took a dimmer view…
Peak Oil: Why a Supply Crunch Can Lead to lower Oil Prices
There seems to be an on-going debate among peak oilers and many economists as to which came first, the chicken (peak supply flow) or the egg (peak demand). The first…
The Price of Oil is Going Up
I received another scratchy, crackling cell phone call from my drilling buddy in the Texas natural gas fields today. You could almost choke from the dust on the line. He…
Cloudy Economic Outlook Keeps Crude Oil Trading in Narrow Range for Week
Oil Market Summary for 07/26/2010 to 07/30/2010. Crude oil futures continued to trade in a very narrow range, unable to cross the $79 a barrel threshold even though they ended…
Oil Prices Show Little Momentum for Breaking Through $80 Barrier
Oil Market Summary for 07/19/2010 to 07/23/2010. Prices of crude oil futures slumped below $79 a barrel on Friday despite a stock market rally and the rise of Tropical Storm…
Stock Prices, Economic Data Buffet Crude Oil Futures in Lackluster Trading
Oil Market Summary for 07/12/2010 to 07/16/2010 An unexpectedly sharp drop in a key consumer confidence index sent stocks plummeting on Friday and drove down prices for crude oil futures…
Crude Oil Tracks Stocks Upwards to Close Week Above $76 a Barrel
Oil Market Summary for 07/05/2010 to 07/09/2010. Crude oil futures finished the week on a positive note, tracking stocks upward after hitting the low for a month earlier in the…
Tropical Storm Threat Propels Oil Prices to Gain for the Week
Oil Market Summary for 06/21/2010 to 06/25/2010 Crude oil prices surged ahead more than 3% on Friday as the first Atlantic tropical storm of the season began brewing in the…
Crude Oil Holds on to Week’s Gains After High Inventories Threaten Rally
Oil Market Summary for 06/14/2010 to 06/18/2010. Crude oil futures held on to strong gains for the week in lackluster Friday trading, after higher-than-expected inventories earlier in the week threatened…
Will Iranian Sanctions Hit Oil Prices?
Wednesday's UN Security Council vote on a further round of sanctions on Iran merits attention. While the U.S. and its key allies were able to get a somewhat diluted slate…
Oil Price Rally Stumbles Friday on Negative Economic News
Oil Market Summary for 06/07/2010 to 06/11/2010. After clawing its way back above $75 a barrel on Thursday for the first time in four weeks, the benchmark oil futures contract…
China’s Excess Refining Capacity Affecting Domestic Oil Prices
China, which has struggled in recent years to keep up with booming domestic demand for oil products, may soon have a major excess in refining capacity. In 2009, the country…
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…
