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EIA Sharply Cuts Oil Price Forecast

EIA Sharply Cuts Oil Price Forecast

The EIA has once again…

Energy / Oil Prices

Crude Oil Tracks Stocks Upwards to Close Week Above $76 a Barrel

Crude Oil Tracks Stocks Upwards to Close Week Above $76 a Barrel

Jul 10, 2010 at 04:46 | Darrell Delamaide

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

Tropical Storm Threat Propels Oil Prices to Gain for the Week

Jun 27, 2010 at 21:23 | Darrell Delamaide

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

Crude Oil Holds on to Week’s Gains After High Inventories Threaten Rally

Jun 18, 2010 at 17:31 | Darrell Delamaide

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?

Will Iranian Sanctions Hit Oil Prices?

Jun 15, 2010 at 12:07 | Geoffrey Styles

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 Price Rally Stumbles Friday on Negative Economic News

Jun 11, 2010 at 16:40 | Darrell Delamaide

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’s Excess Refining Capacity Affecting Domestic Oil Prices

Jun 06, 2010 at 11:41 | Michael Economides

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

Crude Oil Prices Remain Under Pressure After Dipping Below $70 a Barrel in Week

May 21, 2010 at 17:35 | Darrell Delamaide

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

Psychological Plunge in Oil Prices Makes OPEC Nervous, Official Says

May 18, 2010 at 22:27 | Darrell Delamaide

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 Prices Drop Further in Week as Euro’s Travails Continue

May 14, 2010 at 16:47 | Darrell Delamaide

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

An Update to the Oil "Head-Fake" Scenario

May 14, 2010 at 10:59 | Charles Hugh Smith

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…

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