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Oil Slips On Profit Taking, Stronger U.S. Dollar

Oil Slips On Profit Taking, Stronger U.S. Dollar

Oil prices dropped early on…

Why The Outlook For Oil Prices Shifted This Week

Why The Outlook For Oil Prices Shifted This Week

The outlook for crude shifted…

Energy / Oil Prices

Crude Oil Market Forecast for the Week of January 30, 2012

Jan 29, 2012 at 11:17 | FX Empire

March crude oil closed higher last week after the Fed announced it would keep interest rates at ultra-low levels until late-2014. The news helped trigger a short-covering rally which turned…

Peak Oil Crisis Being Compounded by Refinery Closures

Jan 26, 2012 at 17:45 | Post Carbon

Here is one more thing for those of us who live in the North Eastern U.S. to start worrying about - the refineries that make our gasoline, diesel, heating oil,…

China's Energy Firms Invade the Great White North

Jan 22, 2012 at 19:56 | John Daly

Canada is the largest source of U.S. oil imports. According to the U.S. Energy Administration, in 2011 U.S. total crude oil imports averaged 9,033 thousand barrels per day (tbpd),…

Crude Oil Analysis for the Week of January 23, 2012

Jan 22, 2012 at 19:36 | FX Empire

Despite the shift in the fundamentals the week before, March Crude Oil failed to follow-through to the downside and the market finished the week with an inside range. This pattern…

Natural Gas Analysis for the Week of January 23, 2012

Jan 22, 2012 at 19:33 | FX Empire

March Natural Gas gapped lower on the weekly chart. This is a rare occurrence that often indicates exhaustion in markets that have experienced prolonged moves down in terms of price…

How will the Economy Fare if High Oil Prices Continue

Jan 19, 2012 at 18:43 | Gail Tverberg

We know high oil prices have an adverse impact on the economy, often leading to recession. According to Economist James Hamilton, 10 out of 11 of US recessions since…

Possible Implications of the Iranian Oil Embargo

Jan 16, 2012 at 17:50 | James Hamilton

As efforts continue to impose sanctions on Iran, I thought it would be helpful to discuss the possible implications of these developments for oil-consuming countries. The most likely outcome of…

Crude Oil Analysis for the Week of January 16, 2011

Jan 15, 2012 at 09:55 | FX Empire

March Crude Oil traded sharply lower last week with an expanded range. Based on the previous week’s failure to follow-through to the upside when the market took out the previous…

Why Oil Prices Are About to Collapse

Jan 12, 2012 at 17:35 | The Oil Drum

All is not as it appears in the global oil markets, which have become entirely dysfunctional and no longer fit for its purpose, in my view. I believe that the…

Crude Oil Analysis for the Week of January 9, 2011

Jan 08, 2012 at 11:03 | FX Empire

February Crude Oil closed higher last week despite the stronger U.S. Dollar and a general aversion to risky assets. This only proves what traders have known for weeks that crude…

Crude Oil Analysis for the Week of January 2, 2011

Jan 02, 2012 at 07:55 | FX Empire

February Crude Oil had a weak follow-through to the upside after a powerful rally the week before. The thin holiday trade was probably the biggest reason for the lack of…

War Imminent in Straits of Hormuz? $200 a Barrel Oil?

Dec 29, 2011 at 09:15 | John Daly

The pieces and policies for potential conflict in the Persian Gulf are seemingly drawing inexorably together. Since 24 December the Iranian Navy has been holding its ten-day Velayat 90…

Crude Oil Analysis for the Week of December 26, 2011

Dec 26, 2011 at 11:22 | FX Empire

Last week the fundamentals clashed with the technicals in the February Crude Oil futures market and by week’s end the fundamentals clearly won. Even though the contract did not take…

How Oil Prices Affect the Price of Food

Dec 21, 2011 at 12:07 | Post Carbon

The current global food system is highly fuel- and transport-dependent. Fuels will almost certainly become less affordable in the near and medium term, making the current, highly fuel-dependent agricultural production…

Crude Oil Analysis for the Week of December 19, 2011

Dec 19, 2011 at 15:21 | FX Empire

February Crude Oil confirmed its weekly closing price top at $103.28 with its sell-off through the last minor bottom at $95.16 and a key 50 percent level at $95.15. In…

Price of Oil to Remain High as OPEC Limits World Production

Dec 15, 2011 at 19:53 | Gail Tverberg

The results of OPEC’s latest meeting to set oil production quotas were on Thursday last week. Instead of production targets for individual countries, a group production ceiling of 30 million…

Crude Oil Analysis for the Week of December 12, 2011

Dec 11, 2011 at 11:16 | FX Empire

January Crude Oil futures had a strong surge on Friday, but still managed to close lower for the week. Renewed buying helped prices rise for the first time after three…

Crude Oil Analysis for the Week of December 5, 2011

Dec 05, 2011 at 09:42 | FX Empire

January crude oil finished sharply higher last week. The rally was primarily driven by greater demand for risky assets fueled by a weaker Dollar and stronger equity markets. The market…

Crude Oil Analysis for the Week of November 28, 2011

Nov 26, 2011 at 10:51 | FX Empire

January Crude Oil closed lower for the second consecutive week but losses could have been worse if not for a strong comeback on Friday. The primary reason for the weakness…

What is Happening with Brent and WTI Oil Prices and what Can We Expect

Nov 22, 2011 at 18:04 | Gail Tverberg

Back in February, I wrote a post called Why are WTI and Brent Prices so Different? In it, I talked about a number of issues, including pipeline issues, contributing…

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