• 6 minutes Trump vs. MbS
  • 11 minutes Can the World Survive without Saudi Oil?
  • 15 minutes WTI @ $75.75, headed for $64 - 67
  • 4 hours U.S. Shale Oil Debt: Deep the Denial
  • 19 hours Satellite Moons to Replace Streetlamps?!
  • 1 day EU to Splash Billions on Battery Factories
  • 15 hours The Dirt on Clean Electric Cars
  • 13 hours Owning stocks long-term low risk?
  • 2 hours Why I Think Natural Gas is the Logical Future of Energy
  • 6 hours Can “Renewables” Dent the World’s need for Electricity?
  • 3 days US top CEO's are spending their own money on the midterm elections
  • 3 days A $2 Trillion Saudi Aramco IPO Keeps Getting Less Realistic
  • 2 days The Balkans Are Coming Apart at the Seams Again
  • 2 days 47 Oil & Gas Projects Expected to Start in SE Asia between 2018 & 2025
  • 1 day The end of "King Coal" in the Wales
  • 2 days Uber IPO Proposals Value Company at $120 Billion
Alt Text

Oil Prices Subdued, But For How Long?

Oil prices may have closed…

Alt Text

Goldman Sachs: Oil Unlikely To Reach $100

Goldman Sachs’ chief commodities analyst…

Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

More Info

Trending Discussions

Things Are Starting To Get Fun Again

I was feeling so lonely these past weeks. All alone trying to assess the oil markets, with their wild volatility. Then, suddenly, seemingly every investment bank oil analyst saw the need to weigh in on the price trajectory of crude. Things are starting to get fun again.

It's fun because I enjoy the foil of analysis from the 'big boys' to steady my own opinions on the market – after all, these are the guys getting the 'big bucks', not me. But when I get through reading all their opinions, I usually find that I like my perspective of 25 years of trading, as opposed to their academic thoughts on a market always capable of surprise.

The surprise for me contained in all the reports from Citibank, JP Morgan and Goldman Sachs is how unified they all are on the next medium-term move in the oil markets – down.   In this, I am in agreement (which scares me), but it is the targets they give that I find difficulty seeing, with some bordering on ridiculous.

You'd get suspicious, if you weren't a 25-year trader and haven't seen it countless times before (or maybe because you are). These predictions are almost begging retail customers to short oil and oil stocks immediately and THAT definitely scares me. Jeff Currie, the commodity head at Goldman Sachs in London, normally sends out quiet notes that shake the markets, yet yesterday was seen on CNBC giving a 10 minute interview on how the retail customer is violently overvaluing oil and oil stocks here.…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News